CIMB offers SME Stabilisation Relief Facility; intensifies its support to businesses impacted by West Asia conflict

KUALA LUMPUR, May 11 (Bernama) -- CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively “CIMB” or “the Bank”) intensified its targeted assistance for micro small and medium enterprises (“MSMEs”) with the introduction of the SME Stabilisation Relief Facility (“SRF”) to navigate rising operating costs, supply chain disruptions and broader market volatility due to the West Asia conflict.

Introduced as part of Bank Negara Malaysia’s (“BNM”) RM5 billion relief measures, the SRF facility provides impacted MSMEs with access to additional working capital financing to support short-term liquidity needs, including inventory purchases, operating expenses and business continuity requirements. Priority will be given to businesses operating in certain sectors especially those that rely heavily on oil, crude-based products and diesel. Assistance may also be extended to businesses that are facing difficulties to source supplies from countries impacted by the conflict, resulting in operational disruptions.