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News & Events

[ 27-09-2013 ]
SME Bank Malaysia approves RM600 mln loans for SMEs

Datuk Mohd Radzif Mohd Yunus

JOHOR BAHARU: SME Bank Malaysia has to date approved total financing of RM600 million for small and medium enterprises (SMEs) in Johor, Melaka and Negeri Sembilan.

Managing director Datuk Mohd Radzif Mohd Yunus said the bank’s total funding to be channelled to the SMEs throughout the country was RM4 billion.

“The RM600 million financing for SMEs in the southern region such as Johor, Melaka and Negeri Sembilan so far covers entrepreneurs involved in various sectors including manufacturing and services,” he said.

He said this to reporters after the launch of the SME Bank Business Centre in Pasir Gudang, by its Member of Parliament Normala Abdul Samad, yesterday.

Mohd Radzif urged entrepreneurs in Pasir Gudang to capitalise on the opportunities available with the presence of the SME Bank Business Centre in a bid to expand their businesses further to a higher level.

According to him, Pasir Gudang was selected to be the location for the bank’s latest business centre due to its strategic location in the vibrant industrial and business area in Johor.

He said the bank would also open another business centre in Batu Pahat this year.

To date, SME Bank has operations in five regional centres, with 17 enterprise centres and three business centres including in Pasir Gudang.

In a statement, SME Bank said the Pasir Gudang Business Centre would facilitate the marketing and monitoring of its financing products and make it more effective.

“The marketing of financing products can be further expanded to more SME entrepreneurs and increase the growth its existing portfolio,” it said.

Meanwhile, SME Bank’s Priority Banking head, Abdul Karim Ahmad said till July this year, some RM2.6 billion worth of financing facility had been approved for SMEs nationwide.

This included funding to 250 small enterprises valued at about RM80 million, he said. — Bernama