Maybank expects strong growth in retail SME financing in 2015
Published on: Friday, March 06, 2015
Kuala Lumpur: Maybank is committed to see further growth in retail small and medium enterprise (SME) financing in 2015 after recording a strong 43 per cent rise to RM7.5 billion in 2014. As at Dec 31, ember 2014, its business banking grew 6.5 per cent while the group market share in the SME industry, in terms of financing stood at 20.4 per cent. "As for SME Islamic financing, the growth was a strong 77 per cent to RM3.4 billion last year," Maybank Head of Group Islamic Banking Muzaffar Hisham said in a statement Thursday.
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"The importance of SMEs in local communities and their economic contribution to the country cannot be underestimated. Their ability to succeed and grow underpins the future potential for jobs, growth and prosperity," Muzaffar, who is also Maybank Islamic Bhd Chief Executive Officer said. "We at Maybank are more than happy to extend our products and services and play a role in turning the great business ideas of these SMEs into successful business stories," he said. Stay up-to-date by following Daily Express’s Telegram channel.
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