Bright outlook for micro credit, say banks

  • Business Premium
  • Wednesday, 26 Aug 2009

PETALING JAYA: Malaysian banks are projecting a bright outlook ahead for micro credit after the segment registered a strong performance in the first six months of this year, with the sector seen as less affected by the economic slowdown and under-served with rising demand.

Micro-financing involves small business loans ranging from RM500 to RM50,000.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Hong Leong Bank posts stronger Q1FY22 earnings of RM858.25mil Premium
Malaysia's exports for Jan-Oct 2021 surge 25% to top RM1 trillion Premium
Bursa pares losses but remains broadly lower Premium
Spectrum costs will dial up debt for some Apac telcos, including Malaysia Premium
Australia dollar takes breather from Omicron shock Premium
Nissan to spend $17.6 bln over 5 years in electrification push Premium
Ringgit opens slightly higher against greenback Premium
Quick take: Glove stocks jump amid spread of new Covid variant Premium
Trading ideas: Brem, IGB, Malakoff, AMMB, Alliance Bank, IOI Properties Premium
Bursa falls into red, gloves in focus as new Covid strain spreads Premium

Others Also Read