Alliance Bank to provide RM200mil in digital SME loans this year

Alliance Bank senior vice president and head of digital SME Kevin Shum

KUALA LUMPUR: Alliance Bank Malaysia Bhd (Alliance Bank) plans to provide an additional RM200 million in Digital SME loans this year to help small and medium enterprises (SMEs) grow their business.

Alliance Bank senior vice president and head of digital SME, Kevin Shum, said that eligible SMEs can obtain up to RM500,000 collateral-free financing via a simple online process that only requires the submission of their six-month bank statement.