CIMB emphasises promise of SME assistance

CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance 

CIMB Group Holdings reaffirmed its promise to support small and medium enterprises (SMEs) in their recovery by offering flexible payment assistance for long-term financial resilience.

As of May, CIMB has granted over RM1b ($210m) in financial payment relief assistance to SME borrowers.

CIMB group and CIMB Islamic Bank offer flexible financing solutions to SMEs, including staggered repayment options of 25% and 50% of existing monthly instalments for up to 12 months. 

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The application and approval process is seamless with minimal documentation required. Additionally, the banks provide customized restructuring and rescheduling (R&R) payment structures to help SMEs meet their repayment obligations.

(RM1.00 = $0.21)