KUALA LUMPUR, Oct 15 (Bernama) -- CIMB Bank Berhad and CIMB Islamic Bank Berhad (“CIMB” or “the Bank”) today launched Petrol Station Dealer Programme (“the Programme”), a comprehensive financial support programme designed specifically for petrol station dealers. Developed in close collaboration with the Petroleum Dealers Association of Malaysia (“PDAM”), the Programme aims to address financing, cash management and business advisory, following the implementation of fuel subsidy rationalisation. 

Lawrence Loh, Co-CEO of Group Commercial and Transaction Banking, CIMB Group said, “As the industry adapts to the new floating fuel price mechanism, CIMB remains committed to supporting Malaysia’s petrol distribution network which is predominately driven by small and medium-sized enterprises (“SMEs”), through our Petrol Station Dealer Programme. The tailored programme not only addresses immediate cash flow needs but also strengthens the petrol dealers’ long-term resilience, enabling them to thrive amid evolving market dynamics. We believe that through this holistic programme, we are not only advancing our customers’ business sustainability but reinforcing their role as a vital part of the nation’s oil and gas ecosystem.” 

Dato’ Khairul Annuar Abdul Aziz, President of the PDAM said, “This is a timely and strategic initiative by CIMB that offers much-needed support to our industry. It represents a positive step towards ensuring the long-term sustainability of petrol dealers, particularly as we adjust to the changes arising from the subsidy rationalisation. By providing access to affordable working capital, this targeted programme will be able to support dealers with better cash management, while enhancing their financial resilience for the future.”

The Programme introduces a multifaceted support featuring several core offerings under CIMB’s product bundling proposition, encompassing Business Financing and Cash Solutions. This approach allows dealers to choose flexible offerings that cater to their business scale and operational needs. 

The Cashline-i facility provides unsecured standby credit at highly competitive rates, providing dealers with affordable access needs with financing of up to RM500,000 depending on monthly fuel sales. This facility is designed to help dealers manage day-to-day cash flow while easing cost pressures. To complement this, CIMB is offering preferential rates under its Daily Investment Account (“DIA-i”) as part of the cash solutions, enabling dealers to optimise returns on their operational funds and strengthen their financial resilience over the long term. 

In addition to working capital and cash solutions, CIMB supports dealers with advisory services, offering guidance on renewable energy adoption and sustainable business practices. Leveraging the Low Carbon Transition Facility-i, dealers are able to install solar panels at their stations, allowing long term energy efficiency and cost savings.  

Together, these measures reflect CIMB’s commitment to supporting the transition for dealers, providing practical solutions that help them remain competitive while strengthen their business operations.  

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 RM73.0 billion as at 30 June 2025. 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 across ASEAN in Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam and Philippines.  

Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 571 branches and over 33,000 employees as at 30 June 2025. 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: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications
CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com

--BERNAMA