SHAH ALAM: Malayan Banking Bhd (Maybank) is targeting an 8% growth in its SME loans this year, from 6.5% year-to-date, driven by its attractive financing packages for SMEs, including non-collateral financing.
SME loans accounted for about 23% of Maybank’s total loan portfolio in 2018.
Maybank head of community financial services for Malaysia Datuk Hamirullah Boorhan (Pix) said the SME segment is a key focus for Maybank and its SME loans have grown healthily with a 23% compound annual growth rate for five years between 2013-2018.
“We are confident of meeting our target of providing RM35 billion financing to SME within three years. From 2018 to June 2019, we provided some RM13.4 billion in financing to more than 20,000 SMEs,“ he said at the launch of the Maybank SME Month here this morning.
Hamirullah at the launch the Maybank SME Month and Maybank Entrepreneurs Engagement at Shah Alam Convention Center. Asyraf Rasid / the sun
source https://www.thesundaily.my/business/maybank-aims-8-growth-in-sme-loans-this-year-MC1307952
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