RHB approves over RM500mil special facility for SMEs

“RHB has approved more than 700 SRF applications from SMEs out of the more than 1,500 applications received so far, with a total facility amount in excess of RM500mil, ” said group managing director Datuk Khairussaleh Ramli (pic)

PETALING JAYA: RHB Banking Group has approved more than RM500mil Special Relief Facility (SRF) applications to more than 700 small medium enterprises (SMEs).

The bank said the SRF is part of Bank Negara’s fund for SMEs with an allocation of RM5bil, which has been made available under the RHB SME’s Financial Relief Assistance Programme to assist SMEs adversely affected by Covid-19.