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SUPPORTING THE GROWTH OF SMEs

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IN support of the local small and medium-size enterprises (SMEs) and the role they play in developing the nation’s economy, Bank Islam Malaysia Berhad has introduced various initiatives for a broad segment of the SME industry.

A range of programmes has been rolled out by the bank as part of its five-year business strategic plan known as LEAP25.

“We have also increased the number of our SME relationship managers to cater to and build stronger connections with current and potential customers. During the height of the pandemic, to mitigate the limitation of in-person outreach due to the movement control order , the bank assisted its customers through various online engagement and activities such as webinars and dialogues.

According to Mizan, through its SME banking division the bank will be introducing various programmes and initiatives to meet the ever-changing needs at every stage of business growth. “To grow, nurture and develop the SME segment, Bank Islam aims to cater to the entire halal SME ecosystem. As an Islamic banking and financial institution, it is important for Bank Islam to play a more critical role in catalysing the halal economy by providing sound support to better equip the halal industry players.

The bank partnered with MATRADE and recently launched the SME Exporter Financing Programme with a total fund of RM100mil to support SMEs registered as MATRADE members in their international market outreach by providing total financial solutions for export activities.

 

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