SME Bank can achieve RM2.5bil loans this year

KUALA LUMPUR: SME Development Bank Malaysia Bhd (SME Bank) is on track to achieve its target of approving loans worth over RM2.5 billion this year, driven by a series of programmes to encourage people to become entrepreneurs.
Chief operating officer Datuk Razman Mohd Nor said that as of June this year, the bank had approved loans worth RM1.2bil, mainly for the construction, manufacturing and services industries.
“We have various markets… small and medium, and we are implementing several programmes for specific industries in our efforts to produce more entrepreneurs, especially the Bumiputera community.
“We have a programme specifically tailored to produce entrepreneurs in the digital and information technology (IT) sector, that is, BID-IT (Business in Digital-IT),” he told reporters after a prize presentation ceremony for the 90-days Business Challenge programme here yesterday.
Also present was the Deputy International Trade and Industry Minister Datuk Ahmad Maslan.
Meanwhile, the biennial 90-Days Business Challenge programme competition this year was participated by 87 community colleges nationwide, an increase of 93% compared to 2015.
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