SME Bank to maintain lending levels this year

Aria said the bank approved a total of RM2.7bil in financing last year.

PETALING JAYA: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) aims to approve RM4bil in financing in 2024, with RM2.5bil aimed at propelling growth for more than 1,000 local small and medium enterprises (SMEs).

Chief executive officer Datuk Aria Putera Ismail said the bank approved a total of RM2.7bil in financing last year, of which 90% or RM2.5bil was distributed to SMEs. The remainder of the financing was allocated to commercial funding.