SME Bank Says Over 23,800 MSMEs Assisted With RM47 Billion In Loans

SME Bank Malaysia CEO Datuk Wira (Dr.) Aria Putera Ismail, Group President/Chief Executive Officer said the bank’s mission is to empower MSMEs and drive economic growth that is inclusive and sustainable. To date, the CEO said the bank has supported over 23,880 MSMEs, providing them with financial assistance exceeding RM47 billion.

The Minister of Finance II, in a recent engagement session with government entities, emphasised that government-owned companies, particularly Government-Linked Investment Companies and Government-Linked Companies, serve not only as instruments for commercial and investment objectives but also as agents of social responsibility. With a mandate to support the country’s economic growth and empower its citizens, these entities are integral to building a better Malaysia together. 

Based on this mandate SME Bank employs an effective governance operating model through strategic leadership and raising the ceiling of its risk management framework, ensuring a secure environment and optimal financing and capacity-building support for MSMEs to flourish and expand. Upholding stringent compliance standards, SME Bank fosters transparency and accountability, bolstering confidence among MSMEs in the integrity of the financial system.

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