CIMB extends Covid-19 relief programmes for SMEs and large businesses

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CIMB Bank Berhad and CIMB Islamic Bank Berhad are extending their Covid-19 relief programmes to include financing for SMEs and larger businesses, in support of the Government’s efforts to assist businesses during this difficult time.

The Bank is pleased to work together with Syarikat Jaminan Pembiayaan Perniagaan Berhad and Danajamin Nasional Berhad in the roll out of SJPP Government Guarantee Scheme Covid-19 (GGS Prihatin) and Danajamin PRIHATIN Guarantee Scheme (DPGS) respectively.

The two additional programmes complement the assistance provided by CIMB to mid-sized SMEs through BNM’s Special Relief Facility (SRF) in the early stages of the pandemic.

CEO of Group Commercial Banking, CIMB Group, Victor Lee Meng Teck said the bank is happy to extend unwavering support to businesses, especially in these tough times.

“As announced by SJPP and Danajamin, a total of RM56 billion has been allocated for SMEs and larger businesses to help with liquidity, in order to sustain them during this period and hopefully promote growth while operating in the new norm.

“With our strong network across the country, we hope to be able to reach out to a larger pool of businesses affected by the pandemic.

“After a successful rollout of the SRF earlier on, we are optimistic that this additional help will ease the financial burden of these companies, and reignite their business in the face of challenges associated with restarting the economy and their recovery,” he said in a statement.

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