^{Ahmad Shazli Kamarulzaman, Deputy CEO, Group Commercial Banking of CIMB Group}


SME customers who require financial assistance can visit any CIMB branch or contact CIMB’s Contact Centre to explore financial repayment options 
 

KUALA LUMPUR, June 26 (Bernama) -- CIMB Group Holdings Berhad (“CIMB” or the “Group”) reinforces its commitment towards supporting the recovery of small and medium enterprises (“SMEs”) by extending a flexible and convenient payment assistance to promote their long-term financial resilience. 
             
CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) continue to provide comprehensive financing solutions with flexible and staggered repayment structures of 25% and 50% of the existing monthly instalments, for up to 12 months through seamless application and approval process with minimal documentation required. In addition, the Bank is also able to provide SMEs with a customised restructuring and rescheduling (“R&R”) payment structure to meet their repayment obligations/commitments. 
 
Ahmad Shazli Kamarulzaman, Deputy CEO, Group Commercial Banking, CIMB Group, said, “We are cognisant of the importance of SMEs as the essential contributors of our economy and the challenges faced by them. As a purpose-driven financial institution, we are committed to continue facilitating and supporting our customers’ financial health and resiliency in transitioning towards economic recovery. As such, we would like to reassure our customers that the financial assistance is available to help them navigate through this period and support the sustainability and viability of their businesses.”   

As of May 2023, CIMB has provided financial payment relief assistance amounting to more than RM1.0 billion in loan value to SME borrowers. 
 
To enquire further on the financial assistance, SMEs can contact CIMB’s Business Call Centre at 1300 888 828 (Local) and +603 2297 3000 (Overseas) from Monday to Friday from 7.00am to 7.00pm and Saturday from 8.00am to 5.00pm (excluding public holidays). Alternatively, SME customers can submit their applications online via www.cimb.com.my/frap or sme.paymentassistance@cimb.com.  
 
For more information, please visit www.cimb.com.my/business.  

About CIMB
 
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM56.6 billion as at 31 March 2023. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in all 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Brunei, Vietnam, Myanmar, Laos and Philippines). Beyond ASEAN, the Group has market presence in China, Hong Kong, India, South Korea, the US and UK.
 
CIMB has one of the most extensive retail branch networks in ASEAN with 602 branches and around 33,000 employees as at 31 March 2023. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand. 

SOURCE : CIMB Group 

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Hishamuddin Omar / Anis Azharuddin
Group Corporate Communications 
CIMB Group Holdings Berhad
Email : hishamuddin.omar@cimb.com / anis.azharuddin@cimb.com

--BERNAMA