KUALA LUMPUR, March 28 (Bernama) — CIMB Bank Berhad (“CIMB” or “the Bank”) has announced its commitment to disburse at least RM15 billion in the next two years to help finance 100,000 small and medium-sized enterprises (“SMEs”) in Malaysia. The Bank will focus on helping SMEs have easier access to loans below RM500,000, in support of the government’s push for an entrepreneur-friendly enabling environment to boost Malaysia’s economy.
CIMB Bank disbursed a total of RM17.8 billion in 2016-2018 to support the growth of 17,000 Malaysian SMEs by providing working capital, asset financing and trade finance. Its latest offerings include leveraging on business assets as additional working capital; and extending unsecured loans to SMEs who are awaiting their GST refund. The latter is offered at a lower interest rate, with a flexible payment period and interest servicing up to six months, to help small businesses manage their cash flow.
http://mrem.bernama.com/viewsm.php?idm=34170