KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) facilitated about RM3.6bil in approved financing for 2024, a 35.1% increase from a year ago.
In a statement yesterday, the bank said the funding was channelled to micro, small and medium enterprises (MSMEs) categorised as unserved and underserved across key strategic sectors.
“It includes the bumiputra, technology and digital adoption, climate-related as well as halal and tourism sectors, in line with Bank Negara’s Performance Measure Framework which emphasises development financial institutions (DFIs) promoting greater developmental impact,” SME Bank said.
Acting group president and chief executive officer Datuk Mohammad Hardee Ibrahim said the bank is committed to providing financing and beyond-financing support to MSMEs as a DFI wholly owned by the Finance Ministry. — Bernama
