CIMB Bank Bhd and CIMB Islamic Bank Bhd have stepped up support for micro, small and medium enterprises (MSMEs) impacted by the ongoing Middle East conflict through the introduction of the SME Stabilisation Relief Facility (SRF).
The initiative is part of Bank Negara Malaysia’s RM5 billion relief measures aimed at helping businesses manage rising operating costs, supply chain disruptions and market volatility.
Under the SRF, eligible MSMEs can obtain additional working capital financing to support short-term liquidity needs, including inventory purchases, operating expenses and business continuity.
Priority will be given to businesses in sectors heavily reliant on oil, crude-based products and diesel, as well as companies facing supply shortages from countries affected by the conflict.
CIMB co-CEO of group commercial banking Ahmad Shazli Kamarulzaman said the facility is designed to help MSMEs strengthen resilience and better manage cash flow during a challenging business environment.
Applications for the SRF will open from May 15 until Dec 31, 2026, or until the facility is fully utilised.
The financing offers up to RM750,000 with a repayment tenure of up to five years at a maximum financing rate of 3.75% per annum, including guarantee fees.
In addition, CIMB said it will continue offering assistance through its existing Payment Assistance Programme (PAP), which provides flexible repayment arrangements for affected SME customers.
Businesses seeking support can apply through CIMB’s website, OCTO app, relationship managers or branches nationwide.
