KUALA LUMPUR: Ambank Group expects to disburse RM6.8bil worth of loans to 2,350 small medium enterprises (SMEs) this year, underpinned by its established channels, products and segments.
Group CEO Datuk Sulaiman Mohd Tahir projection said the growth projection is higher than the industry average.
“We understand the environment and have aligned our business to cater to their (SME) needs,” he said at a press conference on the bank’s second AmBank BizRACE season today.
Among the initiatives Ambank is working on is to be able to expedite funding to SMEs within 24 hours from about one week, currently.
“We have invested RM23mil in this system,” said Sulaiman.
Ambank disbursed RM6.1bil worth of loans to 2,200 SMEs in 2018.
Meanwhile, the AmBank BizRACE is an entrepreneurship challenge competition aimed at providing SMEs with access to valuable knowledge sharing sessions and development training.
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