PETALING JAYA: RHB Banking Group has entered into a partnership with Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP), which is wholly owned by the Minister of Finance (Incorporated), to facilitate up to RM1 billion in financing for small and medium enterprises and mid‑tier companies.
The partnership represents a dedicated financing allocation earmarked for RHB under SJPP‑administered government guarantee programmes.
Through the partnership, RHB and SJPP aim to broaden SMEs’ access to financing by lowering barriers to funding and supporting a wider range of businesses. Eligible SMEs will also be able to benefit from restructuring, rescheduling and repayment assistance, enabling them to better manage cash flow pressures and sustain operations amid rising costs and a more challenging operating environment.
The collaboration further supports national efforts to assist businesses affected by the ongoing West Asia conflict. As a participating financial institution under Bank Negara Malaysia’s SME Stabilisation Relief Facility (SME SRF), RHB’s collaboration under the partnership complements broader national efforts to strengthen business continuity during periods of heightened uncertainty.
RHB Banking Group managing director/CEO Datuk Mohd Rashid Mohamad said, “As a financial institution with a long-standing commitment to the SME segment, RHB recognises the importance of supporting businesses through periods of uncertainty. Through our partnership with SJPP and participation in SME SRF, we are committed to helping viable SMEs and MTCs access to financing and navigate current challenges with greater resilience.”
To enhance outreach, RHB and SJPP will jointly organise roadshows across key regions, including Klang Valley, Johor Bahru and Penang. These sessions will raise awareness of available financing solutions and facilitate direct engagement with SMEs, connecting eligible businesses to relevant programmes.
SHJPP acting principal officer Juanita Rusmini Abdul Jalil said, “I strongly believe that SJPP’s collaboration with RHB strengthens the delivery of government guarantee schemes and expands financing support for viable businesses. 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 actively participating in SJPP’s various initiatives since 2009, facilitating financing solutions across various sectors. To date, the group has supported more than 12,000 SMEs, reflecting the group’s continued commitment to strengthening SME growth and resilience in Malaysia.
