SME Bank and JPDC to jointly promote growth in Johor

SME Bank has allocated RM560.74mil specifically for entrepreneurs in Johor.

KUALA LUMPUR: SME Bank has signed a memorandum of understanding (MoU) with Johor Petroleum Development Corp Bhd (JPDC) to promote economic growth in Johor.

In a statement, SME Bank Group president and chief executive officer Datuk Wira Aria Putera Ismail said that since its establishment in 2005, SME Bank has approved more than RM47bil in financing to 23,820 small and medium enterprises (SMEs), with RM560.74mil allocated specifically to entrepreneurs in Johor.