CIMB Bank's RM50m allocation for micro SMEs


Victor Lee Meng Teck, CEO, Group Commercial Banking, CIMB Group (3rd right) and Leong Weng Choong, Chief Business Officer, Credit Guarantee Corporation Malaysia Berhad (CGC) (4th right) with (L-R) Wong Keet Loong, SVP, Marketing & Sales, CGC; Ahmad Shazli Kamarulzaman, Deputy CEO, Group Commercial Banking, CIMB Group; Rohani Mustaffa, Head of Consumer Sales & Distribution, CIMB Bank; Abdul Rahim Raduan, Chief Corporate Officer, CGC and Hussam Sultan, Regional Head, Commercial Banking & Transaction Banking, CIMB Islamic Bank to commemorate CIMB’s commitment to allocate RM50mil for micro SMEs via CGC’s imSME platform.

KUALA LUMPUR: CIMB Bank Bhd (CIMB Bank) and CIMB Islamic Bank Bhd (CIMB Islamic) have allocated RM50mil for micro Small and Medium Enterprises (SME) segment.

The allocation will be disbursed via CIMB SME Micro Financing-i, an Islamic working capital with financing amount of up to RM50,000, according to a CIMB statement on Thursday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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