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.

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