KUALA LUMPUR: Affin Bank Berhad and Affin Islamic Bank Berhad will facilitate access to Bank Negara Malaysia’s SME Stabilisation Relief Facility (SME SRF) to support small and medium enterprises (SMEs) facing short-term financial pressures arising from ongoing geopolitical tensions.

Introduced as part of Bank Negara Malaysia’s RM5 billion relief initiative, the SME SRF is designed to help viable SMEs strengthen liquidity, manage working capital needs and sustain business operations during this period.

Under the SME SRF, eligible SMEs may obtain working capital financing of up to RM750,000 at a financing rate of up to 3.75% per annum.

The facility also includes guarantee coverage up to 80% from Syarikat Jaminan Pembiayaan Perniagaan (SJPP) or Credit Guarantee Corporation Malaysia Berhad (CGC), helping to improve access to financing, particularly for SMEs with limited collateral.

AFFIN Group President and Group Chief Executive Officer Datuk Wan Razly Abdullah said the Group remains committed to assisting SMEs in navigating operational and cash flow challenges amid ongoing uncertainties.

“We recognise the increasing challenges faced by SMEs in the current environment. SMEs are not only important to AFFIN but remain one of the key drivers of Malaysia’s economy.

"From creating jobs and strengthening local communities to supporting domestic supply chains, SMEs contribute significantly to the nation’s growth and resilience.

“As a Group committed to supporting businesses through different economic cycles, AFFIN is focused on providing practical timely solutions that not only address customers’ immediate needs but also strengthen their resilience for the longer term,” he said.

Applications for the SME SRF will be open from 15 May 2026 until 31 December 2026, or until the allocated funds are fully utilised. SMEs seeking more information may visit AffinAlways.com or contact smecare@affingroup.com for further details. - UKASnews

Processed by: Ryan Lim