Maybank aims to disburse about RM18bil of SME financing this year

Maybank group chief executive officer for community financial services Datuk John Chong

KUALA LUMPUR: Malayan Banking Bhd (Maybank) aims to disburse around RM18 billion of small and medium enterprises (SME) financing in 2024, representing a 13 per cent growth to further accelerate its customers’ transition to a more viable future.

Group chief executive officer for community financial services Datuk John Chong said the bank mobilised close to RM17 billion in SME financing last year, of which RM5 billion was sustainable financing, bringing the total financing for SMEs to RM66 billion from 2019 to 2023.