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Business : Bank Muamalat Aims To Boost Financing To SMEs To 40 Per Cent In Two Years

SEPANG, June 25 (Bernama) — Bank Muamalat Malaysia Bhd aims to increase total financing for small and medium enterprises (SMEs) to 40 per cent in two years’ time from 20 per cent this year, said Chief Executive Officer, Datuk Mohd Redza Shah Abdul Wahid.

Mohd Redza said currently the bank, which gave out loans of between RM100 and RM200 million a year, aimed to undertake an aggressive promotion of its financing products, especially among business associations.

“Right now, the consumer sector is the key contributor to total financing of RM1.2 billion, or 80 per cent,” he said at the opening of the bank’s Bureau de Change at klia2…
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