DESPITE the shaky global economy, the local small and medium enterprise (SME) banking business is expected to chart positive growth this year, with one banker forecasting a growth of 5%, driven, among others, by the Government's various programmes to spur demand for SME financing.
The Association of Banks in Malaysia (ABM) says it expects SME banking business to grow further this year as SMEs take on an even greater role in propelling Malaysia to a high value-added, high income economy under the Economic Transformation Programme.