Banks offer repayment relief to families of 54 missing in Nepal disaster
LOCAL banks are offering repayment deferments and flexible payment arrangements to families of 54 Malaysians still missing after floods and debris flows in Nepal, as efforts continue to establish the victims’ status. The Association of Banks in Malay...
Local banks in Malaysia are providing relief to families of 54 Malaysians still unaccounted for after a disaster in Nepal, according to the Association of Banks in Malaysia (ABM). The assistance includes loan repayment deferments and flexible payment arrangements, aimed at easing financial pressure on the affected families. The ABM noted that participating banks have been directly contacting the families since early October, recognizing the immense grief and uncertainty they face.
Dedicated liaison officers have been appointed by member banks to guide next of kin, handle applications, assist with documentation, and manage administrative processes. The disaster occurred on August 26 when severe flooding and debris flows near the Nepal-China border devastated settlements and transport routes. While initially 55 Malaysians were reported missing, one was found safe and returned to Malaysia in early October, leaving 54 families still waiting for news.
Ongoing efforts involve cooperation between Malaysian and Nepalese authorities to establish the status of the missing.
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