SME Bank aims to cut non-performing loans

KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) expects to lower its non-performing loans (NPLs) to about 5% in three years.

As of the financial period ended Dec 31, 2013, its NPL stood at 12.3%, a relatively high figure compared with the likes of commercial banks such as Public Bank Bhd, CIMB Group Holdings Bhd and Malayan Banking Bhd, among others, whose NPL levels are between 0.95% and 3.15%.