PETALING JAYA: Malayan Banking Bhd
(Maybank) has strengthened its support for small and medium enterprises (SMEs) affected by the ongoing West Asia conflict through targeted financing solutions, repayment assistance and facilitation of Bank Negara Malaysia or BNM’s Stabilisation Relief Facility.
The bank recently held an industry engagement and dialogue session with several business associations, including the Small and Medium Enterprises Association of Malaysia and Federation of Malaysian Manufacturers, among others.
In a statement, Maybank said the engagement was aimed at gaining a better understanding of challenges faced by businesses while ensuring that available financial assistance and relief measures are effectively communicated.
Among the initiatives introduced is Maybank SME Perkasa, a rapid financing programme launched on May 12 for businesses affected by the conflict. The programme offers financing disbursement within 48 hours upon full document execution.
Existing SME customers may also apply for repayment assistance under the Financial Relief Scheme.
