PETALING JAYA: Alliance Bank Malaysia Bhd
is expanding financing support for Malaysian small and medium enterprises (SMEs) through Bank Negara Malaysia’s (BNM) SME Stabilisation Relief Facility (SME SRF).
The bank noted in a release that the initiative offers financing access and support solutions to help SMEs weather economic volatility and operational disruptions stemming from the West Asia conflict.
Group chief executive officer of Alliance Bank, Kellee Kam said: “While Malaysian SMEs demonstrate remarkable agility and remain the backbone of our economy, we recognise many are operating in a challenging environment, with rising costs and ongoing uncertainties affecting daily operations.”
Alliance Bank highlighted that eligible SMEs can obtain financing of up to RM750,000 for a tenure of up to five years, at a maximum financing rate of 3.75% per annum, inclusive of guarantee fees.
The facility is further backed by a guarantee coverage of up to 80% from either Credit Guarantee Corp Malaysia Bhd or Syarikat Jaminan Pembiayaan Perniagaan Bhd.
Alliance Bank noted that the SME SRF forms part of a broader RM5bil financing initiative established by BNM to help viable businesses manage short-term cash flow disruptions.
“Through the SME SRF, we aim to inject timely liquidity and provide practical support to help businesses strengthen resilience, manage cash flow and meet financial commitments,” Kam said.
