KUALA LUMPUR, March 14 (Bernama) — SME Bank is extending financial assistance to flood-affected customers in several cities in Malaysia, as listed in the disaster area according to the National Disaster Management Agency (NADMA).
SME Bank Group President / Chief Executive Officer, Datuk Wira (Dr.) Aria Putera Ismail said: “We understand the plight of the businesses affected by the current flooding situation. We are ready to offer financial assistance to our customers and will also consider utilising the Disaster Relief Facility by Bank Negara Malaysia, which offers maximum financing amount of RM700,000.00 for SMEs and RM150,000.00 for micro enterprises with financing period up to 7 years at a rate of 3.5% per annum, including guarantee fee.”