More loans: SME Bank’s headquarters in Kuala Lumpur. The bank approved a total of RM2.9bil worth of financing in 2014 or 5.6 more than the year before.
KUALA LUMPUR: SME Bank’s operating profit in the financial year ended Dec 31, 2014 grew by 64% to RM163.60mil from RM99.47mil achieved in 2013.
The strong operating profit was, however, brought down by the increase in impairment provision resulting in the bank recording a pre-tax profit of RM29.33mil.
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