KUALA LUMPUR, Jan 31 — SME Bank has signed an agreement with SME Corporation Malaysia to offer fixed working capital financing under the Working
He said the government, through SME Corp, had provided a revolving fund of RM151.5 million for the BAP Programme, since its introduction in 2011, and SME Bank had acted as the agency that managed and distributed these funds. SME Corp chief executive officer Rizal Nainy said there are still many SMEs that needed an injection of funds to enable them to continue to operate during and post-Covid-19 pandemic.
Meanwhile, SME Bank group president/chief executive officer Aria Putera Ismail said as the agency responsible for managing the fund, SME Bank has approved financing to 542 companies with a financing value of RM247.35 million since 2011.
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