CIMB offers holistic solutions to SMEs; on track to disburse RM15 billion to 100,000 SMEs in Malaysia

KUALA LUMPUR, Sept 25 (Bernama) — CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) have announced their refreshed SME business proposition to provide customers with a complete suite of solutions that go beyond banking. CIMB Bank and CIMB Islamic are also on track to disburse RM15 billion to SMEs in 2019 – 2020, having provided RM3.9 billion to Malaysian SMEs for the six-month period ending June 2019. The refreshed SME business proposition is anchored on three pillars i.e., SME Transact (e.g., cash management services; reward opportunities of up to 2% p.a. with CIMB Islamic business current account; and fee waivers on online business banking); SME Financing (e.g., no-collateral and business property financing); and SME Partners (various services from logistics, workspace and connectivity, to digital, e-commerce, as well as accounting and HR solutions in the pipeline, offered by CIMB partners).

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