Robust SME financing

  • Metro Biz
  • Monday, 09 Mar 2015

Supportive: (From left) Maybank SME banking head Mohd Zaini Aris, community distribution head Datuk Mohd Hanif Suadi and Muzaffar launching the campaign in Kuala Lumpur

Maybank expects to see further growth in its retail, small and medium enterprise financing this year after recording a strong 43% rise to RM7.5bil in 2014.

As of Dec 31, the bank’s business banking grew 6.5% while the group market share in the SME industry, in terms of financing, stood at 20.4%.

SME Islamic financing grew a strong 77% to RM3.4bil last year, said Maybank group Islamic banking head Muzaffar Hisham, at the launch of the Maybank SME Campaign in Kuala Lumpur.

The launch was organised in conjunction with Maybank’s SME Open Day, where a series of seminars on the SME industry was held at 16 selected Maybank branches, nationwide.

Muzaffar, who is also Maybank Islamic Bhd chief executive officer, said: “The importance of SMEs in local communities and their economic contribution to the country cannot be underestimated. Their ability to succeed and grow underpins the future potential for jobs, growth and prosperity.

“We at Maybank are more than happy to extend our products and services and play a role in turning the great business ideas of these SMEs into successful business stories.”

The six-month Maybank SME Campaign, until Aug 31, is aimed at creating awareness of Maybank products for the SME community, which include lending, deposit, commercial credit cards, M2Ubiz, M2e and Maybank AutoCredit System.

Existing and new customers also stand a chance to win Toyota Hilux worth RM100,000 during the current campaign. Throughout the SME campaign, three cars will be up for grabs.

To kick off the campaign, a Maybank SME Open Day was held at Rivercity, Jalan Ipoh in Kuala Lumpur for two days, to be followed by 15 other Maybank branches nationwide. It will run until the first week of April.

One of the activities during the Open Day is a Corporate Responsibility programme whereby Maybank is allocating a total of RM16,000 to the underprivileged, or RM1,000 at each branch.

The Maybank SME Open Day is supported by SME Corporation and Credit Guarantee Corporation (CGC), while at the Kuantan and Kota Baru branches, representatives from East Coast Economic Region Development Council will be available to provide business consultations to SMEs.

In 2014, Maybank launched several SME products to support government initiatives in promoting and boosting SMEs which is recognised as a key segment that contributes to the growth of the nation.

Among them were a collaboration with CGC with a commitment of RM1bil of SME Portfolio Guarantee (PG) financing to SMEs, and with East Coast Economic Region to launch an Entrepreneurship Scheme. Maybank Islamic, meanwhile, also collaborated with Bumiputera Agenda Steering Unit (Teraju) to provide RM600mil funding to high-performing Bumiputera SMEs.

The PG financing has benefited 2,133 entrepreneurs, of which 56% are Bumiputeras with 31% of the disbursements in the form of Islamic financing.

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Business , Central Region , Maybank , SME , business


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