MAYBANK is aiming to grow its SME loan portfolio by 27% across the Asean region, including Malaysia, to RM28bil by the end of this year from RM22.1bil as at end-2015 on the back of strong regional outlook for small businesses.
“Asean economies are powered by the SME segment which generates about 50% of employment, and some 40% of GDP on average. The SME industry itself is growing between 8% and 28% in these markets, and presents an untapped potential for growth,” said Maybank group head, community financial services (CFS) Datuk Lim Hong Tat at a recent media briefing.