“At the rate it is going, I don’t think the funds will last. Probably by early-May, we will finish the funds that we have, ” said RHB Bank Bhd group business and transaction banking head Jeffrey Ng(pic).
PETALING JAYA: Funds allocated for the Special Relief Fund (SRF) could be depleted by early May as more small and medium enterprises (SMEs) apply for the loans to cope with their cash flow burdens.
As at April 26, about RM4.5bil of the SRF funds have been approved by various banks to some 8,500 SMEs.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
