Kuala Lumpur, 20 November 2025 – Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) today strengthened its strategic partnership with Syarikat Jaminan Pembiayaan Perniagaan Berhad (“SJPP”), a wholly-owned company under the Ministry of Finance, to extend RM2 billion in financing to small and medium enterprises (“SMEs”) via government guarantee schemes.
The Bank will actively participate in SJPP’s guarantee schemes, including the Government Guarantee Scheme MADANI (“GGSM”), Working Capital Guarantee Scheme (“WCGS”), and Working Capital Guarantee Scheme – Start Up (“WCGS-SU”). 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, benefiting more than 2,500 SMEs nationwide. This 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 further 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 also 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.
Kellee Kam, Group Chief Executive Officer of Alliance Bank, 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.” said Kelle.
Datuk Fazlur Rahman Zainuddin, Principal Officer of SJPP, 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. We are proud to mention that since our inception in 2009 to September 2025, more than 80,000 SMEs have benefited from the various schemes. In ringgit terms, SJPP has guaranteed approximately RM112 billion worth of financing extended by 33 financial institutions to the SMEs across all sectors and across all states in Malaysia.’
“Recognising SJPP’s success in supporting SME financing, the Government has prioritised it in Budget 2026. RM30 billion in Government Guarantees has been allocated, up from RM20 billion previously.” 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 SMEs in gaining greater access to financing”, added Datuk Fazlur.
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.
