KUALA LUMPUR: OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd (collectively OCBC Malaysia) have announced enhanced support for small and medium enterprises (SMEs) affected by the West Asia conflict, through funds allocated under Bank Negara Malaysia’s (BNM) RM5 billion SME Stabilisation Relief Facility (SME SRF).
OCBC Malaysia said the facility provides timely financial and working capital assistance to viable SMEs to help them manage operational challenges and short-term cash flow needs.
OCBC Malaysia chief executive officer Tan Chor Sen said the bank is fast-tracking the approvals and disbursements of the SME SRF to ensure businesses in need can access funds as quickly as possible.
"This facility complements our existing suite of relief programmes for SME customers, and we will continue to engage them closely to understand their evolving needs while providing practical support as they navigate current challenges,” he said in a statement.
Under the SME SRF, eligible SMEs may obtain financing of up to RM750,000 at a rate of up to 3.75 per cent per annum, inclusive of guarantee fees, for a tenure of up to five years.
The facility is supported by guarantee coverage of up to 80 per cent from Credit Guarantee Corporation Malaysia or Syarikat Jaminan Pembiayaan Perniagaan Bhd.
Applications are open until Dec 31, 2026, or until the funds are fully utilised.
For more information, SMEs may contact their respective relationship managers or OCBC Malaysia’s business banking centres, which are available from Monday to Friday, between 9 am and 6 pm. - Bernama
