KUALA LUMPUR: The banking industry is encouraging micro, small and medium enterprises (MSMEs) affected by the ongoing West Asia conflict to engage with their respective banks at an early stage to explore suitable solutions, including repayment assistance, restructuring, and working capital support.
The Association of Banks in Malaysia (ABM), the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), and the Association of Development Finance Institutions of Malaysia (ADFIM) said they remain firmly committed to supporting their customers during these challenging times and ensuring that viable businesses continue to have access to financing and assistance.
"The industry strongly encourages affected MSMEs to leverage this facility to help sustain their business,” it said in a joint statement today following the introduction of Bank Negara Malaysia’s (BNM) SME Stabilisation Relief Facility (SME SRF), a RM5 billion financing facility to assist MSMEs.
It said the initiative complements the banking industry’s ongoing support for MSMEs as they navigate heightened global uncertainties.
At the same time, the banking institutions said they are also proactively engaging customers to raise awareness of available support measures.
"Applications for the SME SRF can be submitted through participating banks beginning May 15, 2026, and MSMEs may refer to BNM’s website to obtain the list of participating banks at https://www.bnm.gov.my/funds4sme or contact their banks directly,” it said. - Bernama
