Hong Leong Bank approves RM1.3b loans to SMEs under Bank Negara’s SRF

Hong Leong Bank group managing director and CEO Domenic Fuda said SMEs accounted for 98.5% of all businesses in Malaysia been hit badly during the MCO.

KUALA LUMPUR: Hong Leong Bank has approved RM1.3bil of facilities under the Bank Negara Malaysia Special Relief Facility (SRF) for over 1,600 small and medium enterprises (SMEs) up to April 30.

To help SMEs facing cashflow challenges, it had enhanced and simplified the application and approval process for SME loans, according to a statement on Friday.