Banks To Help Customers Move From Reliance To Resilience

By Stuart Milne, CEO of HSBC Malaysia

At its heart, banking’s purpose is to enable sustainable prosperity. How we support must adapt to the situation at hand. In 2020, as Covid-19 gripped the world, HSBC Malaysia – along with our Malaysian banking peers – announced blanket six-month loan moratoriums for individuals and SMEs.

HSBC applied similar measures across most of the markets in which we operate. Globally, we’ve provided more than $26 billion of relief to our personal customers more than $52 billion to our wholesale customers across more than 600 government schemes and moratoria.

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