KUALA LUMPUR, CIMB Bank Berhad has entered into a strategic collaboration with Pharmaniaga Logistics Sdn Bhd, a wholly owned subsidiary of Pharmaniaga Berhad, to enhance supply chain financing and improve payment flexibility for small and medium enterprises (SMEs) in the healthcare industry.
This partnership is set to benefit clinics, pharmacies, and medical suppliers by offering greater financial agility, CIMB announced in a statement today.
(From left) Gurdip Singh Sidhu, Chief Executive Officer, CIMB Malaysia and CIMB Bank Berhad, Lawrence Loh, Co-Chief Executive Officer, Group Commercial and Transaction Banking, CIMB Group, Ahmad Shahredzuan Mohd Shariff, Chief Operating Officer, Pharmaniaga Bernad and Zulkil Jatar, Managing Director, Pharmaniaga Berhad at the Mou signing to enhance supply chain financing and payment flexibility for healthcare SMEs, including clinics, pharmacies and medical buyers.
Under the collaboration, CIMB and Pharmaniaga will offer flexible payment solutions to downstream buyers—including private clinics and independent pharmacies—through the CIMB SME BusinessCard. Cardholders will enjoy extended credit terms of up to 50 days on medical supply purchases, alongside an unlimited 0.5% cashback on all transactions made with Pharmaniaga. These benefits aim to optimise working capital and improve cash flow for healthcare providers.
Lawrence Loh, Co-CEO of Group Commercial and Transaction Banking at CIMB Group, said the initiative is designed to ease the financial burden faced by healthcare SMEs while enabling them to deliver better patient care.
“Through extended credit terms and early settlement incentives, we are supporting clinics, pharmacies, and other healthcare buyers in managing operational costs more effectively,” he said. “This collaboration reflects our commitment to expanding our healthcare SME portfolio by working closely with ecosystem partners and providing tailored, digital-first financing solutions.”
Pharmaniaga Managing Director Zulkifli Jafar echoed these sentiments, emphasising the company’s dedication to supporting its partners with practical financial tools.
“This partnership underscores our ongoing commitment to strengthening our supply chain ecosystem,” he said. “By offering enhanced payment flexibility and customised financing, we aim to empower our partners to grow sustainably while ensuring consistent access to essential pharmaceutical products.”
The collaboration marks a significant step toward improving financial resilience and operational efficiency within Malaysia’s healthcare SME sector.
