RHB Will Not Compound Interest During Moratorium Period

Kuala Lumpur, Malaysia 27 March 2020 – RHB Banking Group (“RHB”) announced that it will not be compounding interest during the six-months repayment deferment for banking facilities (“Moratorium”) that was announced by Bank Negara Malaysia on 25 March 2020.

This will, however, be applicable to Retail and SME customers only and will take effect from 1 April 2020.

For Islamic financing, RHB will continue to observe the principle of no compounding of profit.

The Moratorium will apply automatically to all RHB Bank and RHB Islamic Retail and SME
customers, with the exception of loans/financing facilities that are in arrears exceeding 90 days as
on 1 April 2020. Key highlights of the Moratorium are as follows:

The Moratorium will take effect from 1 April 2020, for a period of 6 months;
Customers who do not wish to avail of the Moratorium may simply continue to pay
their regular instalments;
As an additional benefit, interest for all Retail and SME banking facilities will not be
compounded during the Moratorium period.
In line with Shariah principles, profit on Islamic financing will not be compounded;
Instalment payment amounts will remain unchanged upon uplifting of the
Moratorium;
Loan/financing tenors under the Moratorium will be extended for 6 months.
For credit card facilities, customers may request to convert the outstanding balances into a 3-year
term loan with reduced interest rates.

These measures will help to ease the cash flow of individuals and SMEs and would provide the
much needed breathing space for customers to re-assess their financial positions, particularly those
directly affected by COVID-19.

“These additional measures introduced by BNM in partnership with the banking industry provides critical relief to ease the financial burden of individuals and businesses, particularly the SMEs duringthis extremely challenging period.

Further details on the repayment deferment and restructuringmhas been made available on our corporate website,” said Dato’ Khairussaleh Ramli, Group Managing Director, RHB Banking Banking group.

Customers may visit https://www.rhbgroup.com/covid-19/index.html for more information and
FAQs on the Moratorium arrangements.

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