KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have continued its commitment to support and spur the recovery of the small and medium enterprise (SME) businesses through RM30bil in financing by 2024.
The bank, in a statement, said it would collaborate with Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) and Credit Guarantee Corporation Malaysia Bhd (CGC).
This is to mobilise financing, as well as guarantee schemes, that will spur the acceleration of SME growth as businesses continue to take advantage of the opportunities post-pandemic, in tandem with the economic recovery momentum.
The RM30bil financing includes the CIMB-CGC Financing Programme, the Low Carbon Transition Facility (LCTF) and the Pemulih Government Guarantee Scheme (PGGS).
“We continue enhancing support to all of our customers including SMEs and the newly committed RM30bil in SME financing over the next two years, reinforces our efforts for this important economic group,” CIMB Group chief executive officer Datuk Abdul Rahman Ahmad said.
“We are committed to playing a role as a partner to our SME customers and charting their next phase of growth post-pandemic. As a purpose-driven organisation, we are pleased to collaborate with SJPP and CGC in aiding the acceleration of economic activity with a set of guarantee schemes offered to businesses in order to continue to innovate and grow further,” he added.