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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 no...