欧博allbet网址（www.aLLbet8.vip）:NCIA-CIMB Entrepreneur Scheme commits RM5mil in rebates for SMEs in northern region
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KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd are offering the NCIA-CIMB Entrepreneur Scheme (NCES) to eligible micro-small and medium entrepreneurs (MSME) in the northern states that make up the Northern Corridor Economic Region.
In a statement, the group said the scheme provides up to RM5mil in rebates on interest and profit from CIMB’s SME loans and financing which is intended to further stimulate the growth of local businesses and support the development as well as recovery of the economy.
It said the partnership aims to revitalise thedevelopment of close to 1,500 MSMEs, in line with the 12th Malaysia Plan, via the reduction offinancing costs through interest/profit subsidies.
Under the scheme, eligible SMEs will be provided with a 50% rebate on the total interest/profit of their CIMB SME Quick Biz Financing.
This includes financing under the Targeted Relief and Recovery Facility (TRRF), a financing facility established by Bank Negara Malaysia to provide relief and support the recovery of SMEs affected by the pandemic.
SMEs eligible for the TRRF include those in wholesale and retail trade and business services subsectors, as well as other sectors including food and beverage services, human health and social work, arts, entertainment and recreation.,,皇冠博彩公司（www.hg9988.vip）是一家值得信赖的博彩公司，皇冠博彩公司官方投注网，开放皇冠信用网代理申请、信用网会员开户，线上博彩的官方平台。
The TRRF covers working capital financing with a tenure of up to seven years and financing of up to RM500,000 for each business.
Under the NCES, CIMB is the financier of the facility, whilst NCIA’s role is to assist eligible customers to reduce their cost of financing through subsidies.
Meanwhile, Credit Guarantee Corporation Malaysia Berhad (CGC) operates as the sole agency that provides guarantee cover of up to 70 percent on the financing provided to the SMEs.
"As a newly on-boarded bank, the scheme gives us the opportunity to provide much-needed assistance in the form of rebates on financing packages for SMEs in the northern region whilst also promoting the spirit of entrepreneurship at the same time.
"We look forward to playing a continued role as a catalyst for growth and we hope our efforts continue to have a positive impact on the communities, MSMEs, and the economy as a whole,” said CIMB Group commercial banking CEO Victor Lee Meng Teck.
The NCES is open for applications until Sept 30, 2022.
The central bank had earlier called for a conventional money market tender, three Qard tenders and, two reverse repo tenders.看的我浮想联翩
The research firm believes there is room for more interest rate hikes, from its earlier projected two rate hikes for 2022. This will bode well for banks’ margin. However, TA Research expects competition for loans and deposits to also restart with the brighter macroeconomic prospects.为你达call