CIMB Research regards RHB Bank as one of the biggest beneficiaries of the rate hike, together with Alliance Bank.
KUALA LUMPUR: RHB Bank Bhd targets to grant RM31 billion in new and additional financing for small and medium enterprises (SMEs) by 2021.
Group managing director Datuk Khairussaleh Ramli said this was part of the bank’s efforts to provide SMEs with easy access to financing, in line with the government’s push to spur greater SME economic participation.
The bank had approved RM7.2 billion last year to support the growth of more than 4,000 SMEs in Malaysia.
“In the next three years, we target to grant more than RM31 billion in new and additional financing which will benefit approximately 18,000 SMEs,” he told reporters after the bank’s annual general meeting here today.
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