PETALING JAYA: Alliance Bank Malaysia Bhd has strengthened its strategic partnership with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP), a company owned by the Ministry of Finance, to extend RM2 billion in financing to small and medium enterprises via government guarantee schemes.
The bank will participate in SJPP’s guarantee schemes, including the Government Guarantee Scheme Madani, the Working Capital Guarantee Scheme and the Working Capital Guarantee Scheme – Start Up.
These schemes aim to improve access to financing for SMEs across various sectors and business stages, enabling them to fund capital expenditure, working capital needs, and business expansion.
Since 2020, Alliance Bank has disbursed over RM2.59 billion in financing under SJPP guarantee schemes, benefitting more than 2,500 SMEs nationwide. The achievement reflects the bank’s strong commitment to supporting the SME ecosystem and its ability to deliver financing solutions that meet the evolving needs of entrepreneurs.
The continued collaboration with SJPP will strengthen this effort, enabling more businesses to access tailored financial support and thrive in a competitive landscape.
In addition to financial support, the partnership will focus on enhancing the digital readiness of SMEs by offering innovative, technology-driven financing solutions.
Through digital platforms, SMEs will benefit from faster, more efficient loan processing while leveraging government-backed guarantees to scale their operations sustainably.
Alliance Bank Group CEO Kellee Kam said: “Alliance Bank has always been focused on helping SMEs grow through fast, convenient and personalised solutions tailored to their evolving needs. This has enabled us to deepen our engagement with the SME segment and broaden our reach within the segment over the years, allowing us to support more businesses in achieving their growth ambitions.
“Under our Acceler8 strategy, we continue to build momentum in this space, and this extended partnership with SJPP allows us to further empower local SMEs through targeted financing solutions. We are committed to participating actively in SJPP schemes to deliver unique value propositions that support SMEs at every stage of their journey. This collaboration reflects our role as ‘The Bank For Life’, helping businesses achieve their goals and thrive in a dynamic economy.”
Meanwhile, SJPP principal officer Datuk Fazlur Rahman Zainuddin said: “SJPP is a company under the Minister of Finance, Incorporated, established in 2009 and mandated to manage the government’s guarantee schemes extended to financial institutions that provide business financing to the SMEs. The goal is to enable access to financing for the unserved and underserved SMEs.”
He added they are proud that since their inception in 2009 to September 2025, more than 80,000 SMEs have benefitted from the various schemes.
In ringgit terms, he said, SJPP has guaranteed about RM112 billion worth of financing extended by 33 financial institutions to the SMEs across all sectors and across all states in Malaysia.
“Recognising the success of SJPP in facilitating SMEs access to financing and the potential contribution of SMEs to the economy, the government has given its special focus in Budget 2026 where RM30 billion worth of government guarantee has been made available for SJPP as compared to RM20 billion in the previous years,” said Fazlur.
“It is important that all related parties play a role in reaching out and offering assistance to SMEs and continue to support the nation’s economic agenda. I strongly believe that the collaboration between SJPP and Alliance Bank in providing financing and guarantees by the government would encourage many related parties to become more innovative and forward-looking to continuously explore the best solutions to address the challenges faced by SMEsin gaining greater access to financing,” he added.
The strategic partnership between Alliance Bank and SJPP not only supports the growth of SMEs but also contributes to national economic priorities. The collaboration is aligned with Malaysia’s digital transformation agenda and the Madani Economic Framework, reinforcing both organisations’ role in driving inclusive and sustainable growth for the SME sector.
