Facility complements the Bank’s existing financial relief assistance to help affected customers amid ongoing economic uncertainties KUALA LUMPUR, Malaysia, May 15 (Bernama) -- UOB Malaysia today announced enhanced financing support for small- and medium-sized enterprises (SME) through Bank Negara Malaysia (BNM) SME Stabilisation Relief Facility (SRF). The facility provides targeted assistance to help businesses strengthen cash flow and sustain operations amid ongoing economic uncertainties.
The BNM SME SRF aims to provide timely financial support to SMEs experiencing disruption and financial strain, particularly those affected by external pressures such as the West Asia conflict, which has impacted revenue streams and operational stability for many businesses.
Ms Ng Wei Wei, Chief Executive Officer, UOB Malaysia, said, “In today’s increasingly uncertain environment, we understand the very real challenges our customers are facing. Through facilities like the Bank Negara Malaysia SME Stabilisation Relief Facility, we are working to channel timely, practical support to help businesses manage cash flow pressures, sustain operations and build resilience for the future. Building on our earlier relief assistance efforts, we remain focused on supporting our customers every step of the way as they navigate evolving market conditions.”
Under the BNM SME SRF, customers may access financing of up to RM750,000 at a rate of up to 3.75% per annum, inclusive of the guarantee fee, with a financing tenure of up to five years. The facility is supported by guarantee coverage from either Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) or Credit Guarantee Corporation Malaysia Berhad (CGC).
Application is now opened to SMEs interested in the BNM SME SRF. They can reach out to their UOB Relationship Managers or contact the bank via email at
businessbanking.servicecentre@uob.com.my. More information on UOB’s financial relief assistance programme is available at uob.com.my.
About UOB Malaysia UOB Malaysia is rated among the top banks in Malaysia with a long-term AAA rating from Ratings Agency of Malaysia. It has over seven decades of presence in the country, and operates 55 branches nationwide, offering both conventional and Islamic banking services to its customers.
UOB Malaysia is a subsidiary of UOB, a leading Asian bank with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. UOB has adopted a customer-centric approach to creating long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.
The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to helping businesses forge a sustainable future, by fostering social inclusiveness, creating positive environmental impact and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.
For further information, please visit
www.uob.com.my.
Source: UOB MalaysiaFOR MORE INFORMATION, PLEASE CONTACT: Name: Averlyn LimBrand, Media and Communications Email: averlyn.limsl@uob.com.my Tel: 01802299 168Name: Nizam AropBrand, Media and CommunicationsEmail: nizam.arop@uob.com.myTel: 603- 2638 6304/ 6017-333 6329--BERNAMA