‘Banks ready to manage Chinese MSME loans’


Holiday cheer: Sim (sixth from right) leading a delegation during a Chinese New Year visit to Star Media Group’s Pitt Street office in George Town. — CHAN BOON KAI/The Star

GEORGE TOWN: The Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) and Bank Rakyat are well placed to manage the RM100mil Chinese micro, small and medium enterprises (MSMEs) financing scheme effectively, says Steven Sim.

The Entrepreneur Development and Cooperatives Minister said both banks, which together operate more than 160 branches nationwide, provide sufficient physical access for applicants who require in-person services.

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