AMBD extends COVID-19 assistance period

Autoriti Monetari Brunei Darussalam (AMBD), in close consultation with the banking industry, announced the extension of assistance to businesses and individuals affected by the COVID-19 pandemic for another six months  (April 1 to September 30).

Since April 2020, banks and finance companies have been providing assistance to help alleviate financial distress of affected borrowers. As of December 2020, some 2014 applications were granted assistance. A majority opted for temporary defermenth their monthly loan repayment.

More details on Thursday’s Borneo Bulletin