RHB Banking Group has entered into a strategic partnership with Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) to facilitate up to RM1 billion in financing for Malaysian small and medium enterprises (SMEs) and mid-tier companies (MTCs).
The initiative is designed to improve access to financing for businesses navigating economic uncertainty, rising operating costs, and ongoing global challenges. Through the partnership, eligible companies will gain access to government-backed financing support aimed at helping them maintain operations, strengthen cash flow management, and accelerate business growth.
Strengthening Access to SME Financing
The financing allocation is earmarked under SJPP-administered government guarantee programmes, enabling more SMEs and MTCs to secure funding with lower financing barriers.
In addition to financing access, participating businesses may also benefit from:
- Restructuring and rescheduling support
- Repayment assistance programmes
- Improved cash flow flexibility
- Greater financial resilience during uncertain market conditions
The collaboration reflects growing efforts to support Malaysian businesses as they adapt to a more challenging operating environment shaped by inflationary pressures and geopolitical instability.
Supporting Businesses Amid Economic Uncertainty
The partnership also complements Malaysia’s broader economic support measures for 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 aims to help viable SMEs continue operating while strengthening long-term sustainability and resilience.
Group Managing Director and Group Chief Executive Officer of RHB Banking Group, Dato’ Mohd Rashid Mohamad, said the bank remains committed to supporting SMEs through periods of economic uncertainty.
“Through our partnership with SJPP and participation in SME SRF, we are committed to helping viable SMEs and MTCs access financing and navigate current challenges with greater resilience,” he said.
Roadshows to Reach SMEs Nationwide
To increase awareness and accessibility, RHB and SJPP will jointly organise roadshows across key business regions including:
- Klang Valley
- Johor Bahru
- Penang
The outreach sessions will provide SMEs with information on available financing solutions while allowing businesses to engage directly with financial representatives and explore suitable support programmes.
Acting Principal Officer of SJPP, Juanita Rusmini Abdul Jalil, said stronger collaboration between financial institutions and government guarantee agencies is essential in expanding financing access for 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,” she said.
Long-Term Commitment to SME Growth
RHB has actively participated in SJPP initiatives since 2009, facilitating financing support across multiple industries and sectors. To date, the banking group has supported more than 12,000 SMEs nationwide, reinforcing its long-term commitment to SME development and business resilience in Malaysia.
The latest collaboration further highlights the increasing importance of public-private partnerships in supporting entrepreneurship, strengthening supply chains, and sustaining economic growth within Malaysia’s SME ecosystem.
