RHB has partnered with Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) to facilitate up to RM1 billion in financing for SMEs and mid-tier companies in Malaysia.
SJPP, a wholly owned company of the Ministry of Finance, will provide government-backed guarantees under its existing schemes, helping eligible businesses access financing with reduced collateral requirements.
The arrangement is designed to improve funding accessibility for SMEs that may otherwise face financing constraints.
Beyond new financing, eligible companies will also have access to restructuring, rescheduling, and repayment assistance options, aimed at easing cash flow pressures amid a challenging operating environment.
The initiative aligns with Bank Negara Malaysia’s SME Stabilisation Relief Facility, a RM5 billion programme supporting viable businesses affected by external economic pressures, including ongoing global geopolitical developments.
“As a financial institution with a long-standing commitment to the SME segment, RHB recognises the importance of supporting businesses through periods of uncertainty,”
said Dato’ Mohd Rashid Mohamad, Group Managing Director and Group Chief Executive Officer of RHB Banking Group.
“Through our partnership with SJPP and participation in the SME Stabilisation Relief Facility, we are committed to helping viable SMEs and mid-tier companies access financing and navigate current challenges with greater resilience.”
To enhance outreach, RHB and SJPP will jointly conduct roadshows across key regions including Klang Valley, Johor Bahru, and Penang.
The sessions aim to connect business owners directly with available financing programmes and improve awareness of government-backed support schemes.
“I strongly believe that SJPP’s collaboration with RHB strengthens the delivery of government guarantee schemes and expands financing support for viable businesses,”
said Juanita Rusmini Abdul Jalil, Acting Principal Officer of SJPP.
“By working closely with financial institutions, we are able to ensure that these programmes reach more SMEs, enabling them to sustain operations and move forward.”
RHB has been participating in SJPP initiatives since 2009 and reports that it has supported more than 12,000 SMEs to date across various sectors.
Featured image credit: Edited by Fintech News Malaysia, based on image by RHB
