Affin Bank can catalyse sme growth in strategic sectors, says Abang Johari


KUCHING: Affin Bank Bhd is well-positioned to catalyse the growth of small and medium enterprises (SMEs) in Sarawak by offering targeted financing, digital transformation support, and non-financial capacity building aligned with the state’s strategic economic sectors.

Premier of Sarawak Tan Sri Abang Johari Tun Openg said the bank should also deepen its role in empowering SMEs through inclusive initiatives and financial literacy programmes, in line with Sarawak’s aspiration to become a high-income, innovation-driven economy.

"For non-financial support, through programmes like AFFIN BizChat, the bank can provide SMEs with access to business resources, market insights, and best practices, empowering them to innovate and grow sustainably.

"Affin Bank can prioritise lending and advisory services for SMEs in sectors central to Sarawak’s diversification, such as agro-based ventures, tourism, manufacturing, technology, and the green economy,” he said. 

The text of his speech was read by Sarawak Financial Secretary Datuk Seri Dr Wan Lizozman Wan Omar at the launch of Affin Bank Jalan Satok Branch, here, today. 

Abang Johari said the bank’s continued presence and expansion in the state should be matched with a deeper commitment to supporting the SME ecosystem, particularly in rural and semi-urban areas that are pivotal to Sarawak’s economic transformation agenda.

Looking ahead, he said Affin Bank has the potential to evolve into not only a leading national bank but also a regional financial powerhouse by embracing cutting-edge innovations such as artificial intelligence (AI)-powered financial assistants, automated loan approvals, digital wallets and open banking platforms. 

Meanwhile, Affin Bank president and group chief executive officer Datuk Wan Razly Abdullah said the branch expansion marks a step forward in broadening the bank’s reach and enhancing its capabilities to better serve retail, SME, and corporate clients through specialised solutions in trade finance, advisory and transactional banking.

"By deepening our presence in this vibrant community, we are not only improving accessibility but also reinforcing our commitment to delivering innovative, customer-centric financial solutions that empower individuals and businesses to reach their full potential,” he added. - Bernama 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Meta Bright acquires Damai Suites shoplot for RM3.5mil
PETRONAS Lubricants International launches engine products at Tokyo Auto Show
Global Oriental to sell 18 Pavilion Embassy retail units for RM35 mil
Ringgit ends lower against US dollar ahead of US jobs data, tariff ruling
SBS Nexus shares to Malaysian public oversubscribed by 22.28 times
Cenergi SEA, Malaysia Airports co-develop solar, battery energy project
AEON Credit raises RM150mil via Sukuk Wakalah
Bursa Malaysia reprimands Reneuco, fines one director RM2,500
Bursa Malaysia rallies on broad-based gains, improved sentiment
Thai central bank to expand authority to scrutinise online gold trading, governor says

Others Also Read