SME Bank to expand role

BARELY a year after its inception, Bank Perusahaan Kecil & Sederhana Malaysia Bhd (SME Bank) is on a bid to become a broad-based financial and service centre for small and medium enterprises (SMEs) to refer to, swiftly and efficiently. 

The wholly-owned subsidiary of Bank Pembangunan Malaysia Bhd gave out loans to SMEs, but unlike commercial banks, it also provided advisory services and was actively looking to add to its growing range of services and products, either directly or through affiliated parties, managing director Datuk Azmi Abdullah said.