KUALA LUMPUR, June 26 (Bernama) -- SME Bank Malaysia has granted a total
financing package of RM2.9 billion to 1,803 small and medium
enterprises (SMEs) last year.
Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=959009
Published: Jun 27, 2013
In 2011, the bank granted 1,407 SMEs a total financing package of RM1.7
billion to support their investment and working capital requirements.
"Our collaboration effort with Bumiputera Agenda Steering Unit
(Teraju) which offered RM500 million funding for TERAS SMEs has yielded
good results, where RM180.42 million in loans were approved to twenty
six customers," the bank said in a statement today.
In 2012, the bank also launched the SME Revitalization Scheme that was
created to provide assistance to troubled SMEs to revive their
businesses.
Apart from that, IQ Dagang also produces 40 entrepreneurs with
successful conversion of ideas into bankable business plan, it said.
"Last year was a year in which the role of the bank in supporting the
nation's SMEs brought about encouraging results. "The Bank's
Entrepreneurial Training Programme saw marked improvement in enrolment
figures, with increased participation from 660 in 2011 to 1,262 in
2012," it added.
With the above strategies and innovation programme, the bank recorded
sustainable profitability, with operating profit of RM146.0 million in
2012, a two-fold increase from 2011, with a pre-tax profit of RM122.9
million.
Going forward, the bank looks to continue dealing with various challenges effectively and efficiently.
"Appropriate business models will be implemented to ensure sustainability and provide the right support to the SMEs.
"The bank will also introduce various initiatives as appropriate to
uphold the Government's mandate and support its objective for SMEs to
contribute 41 per cent to the nation's Gross Domestic Product by 2020,"
it added.
-- BERNAMA
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