uab to extend loan payback term up to 6 months

LOCAL NEWS

By Nyein Nyein

Managing Director-cum-CEO Mr Christopher Loh of uab Bank said, “We fully understand the financial constraints of the customers. To cope with the problems, all the stakeholders need to work together. We will explain the programmes to the bank’s relationship managers and managers of bank branches. We will try to provide financial facilities to our customers in keeping up with the business climate.”
A uab Bank statement announced on 24 March that for financially affected customers in vulnerable circumstances due to Covid-19, uab will extend loan payback term up to six months.
The uab Bank will offer debt relief programmes to reduce cash flow problems for a short term to the customers affected by the Covid-19, it stated.
The relief programmes include the revision of the terms; suspension of payback up to six months and other financial supports. Therefore, the customers can make enquiry through the managers of each branch. The uab is also providing financial service in accordance with the notifications released by the Central Bank of Myanmar.
“We like to encourage the customers to use e-banking transaction systems such as mobile banking, i-banking, credit card or debit card”, CEO Mr Christopher Loh added.
The uab Bank is a leading bank in Myanmar, established in 2010. It has expanded its network to over 78 branches in 47 townships across Myanmar. It provides a wide range of financial services including consumer banking, premier banking, SME banking, corporate banking, trade finance and treasury services. (Translated by Ei Myat Mon)

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