RHB bullish on SME financing growth this year


New product: (from left) RHB Bank Bhd head of SME Jeffrey Ng; head of group business banking Amy Ooi; RHB Banking Group COO Rohan Krishnalingam and head of group innovation, R&D, group technology and operations Jambugesvarar Marimuthu at the launch of the RHB SME e-Retail Solution. See story on page 4.

KUALA LUMPUR: RHB Banking Group hopes to lead the pack in the small and medium enterprise (SME) business segment with a double-digit growth in SME financing this year.

Its SME business banking head Jeffrey Ng Eow Oo said the bank’s SME financing business had been growing faster than the industry, with an 18% expansion year-on-year compared with the industry’s 13% growth (inclusive of Islamic finance) last year.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , RHB , bullish , sme , financing , stocks , shares , 1066 ,

   

Next In Business News

MIDA, a vital instrument to remove obstacles for prospective investors - Tengku Zafrul
Ringgit easier against US dollar at closing
Alpha IVF remains committed to its growth strategy
Jentayu hopes to sign PPA for Sipitang hydropower plant by mid-year
Malaysia needs up to RM90bil to fund critical energy projects in next 10 years
GDEX to diversify into IT services and solutions
Bursa Malaysia collaborates with UK's MOBILIST to enable greater investment in energy transition
MIDA appoints Sikh Shamsul Ibrahim as CEO
Bursa Malaysia continues downtrend with over 1,000 counters in red
Asian bonds see first monthly outflow in five on easing US rate-cut hopes

Others Also Read