SMEs loan under repayment assistance remains high at 36.5%, new application moderated

KUALA LUMPUR: The small and medium enterprises (SMEs) loans under the repayment assistance remained high at 36.5 per cent of total SME loans in December 2021 or 5.7 per cent of total loans from banks and development financial institutions but moderated from its peak in July 2021.

Bank Negara Malaysia (BNM) said the share of SMEs that rolled over their repayment assistance with banks also edged higher towards the end of 2021 driven by SMEs in the hotels, wholesale and retail trade, and transport and storage sectors that experienced a slower recovery.