Kuala lumpur: CIMB Bank Berhad and CIMB Islamic Bank Berhad have launched the SME Stabilisation Relief Facility (SRF) to assist micro, small, and medium enterprises (MSMEs) grappling with challenges stemming from the ongoing conflict in West Asia. This initiative aims to address the rising operating costs, supply chain disruptions, and overall market volatility that businesses are currently facing.

According to BERNAMA News Agency, the SRF is a component of Bank Negara Malaysia's RM5 billion relief measures. It offers affected MSMEs access to additional working capital financing to alleviate short-term liquidity issues. The facility is designed to support various operational needs, such as inventory purchases, operating expenses, and ensuring business continuity. Priority will be given to businesses within sectors heavily reliant on oil, crude-based products, and diesel. Additionally, the assistance aims to help businesses that are encountering difficulties in sourcing supplies from countries embroiled in the conflict, which is causing operational disruptions.