Bernama
21 January 2020
RHB tops SJPP SME Financing Award with RM1.13 billion disbursement
KUALA LUMPUR, Jan 21 -– RHB Banking Group (RHB) topped total approval and disbursement of financing under Syarikat Jaminan Pembiayaan Perniagaan Bhd’s (SJPP) SME financing scheme, with a disbursement of RM1.13 billion in 2019 against total approval of RM1.43 billion.
RHB had approved 914 applications in 2019 under a continued partnership with SJPP and was recognised with the ‘Top Performer for SJPP Schemes’ award at the official launch of Budget 2020 – Government Guarantee Schemes for SMEs in Kuala Lumpur today. SJPP is a company under the Ministry of Finance and manages Government guarantee schemes for SMEs.
“RHB is all to support SMEs. Our commitment is to provide SMEs access to financing, as key growth engines of the economy. In 2019, RHB had approved approximately RM10 billion in financing for Malaysian SMEs, including RM5 billion which benefitted more than 3,000 smaller SMEs,” said Group Managing Director of RHB Banking Group, Datuk Khairussaleh Ramli.
“Our approach towards helping SMEs goes beyond lending, making it easy for business owners to achieve greater cost-effectiveness and efficiency through an integrated ecosystem by providing customised solutions,” he added.
As part of the Group’s Digital Transformation Programme under its FIT22 strategy, RHB has developed various innovative first-in-market digital solutions including the RHB iSMART Digital RM (relationship manager) tool for SME customer advisory and the RHB SME Financing online for end-to-end digital SME Financing origination.
— BERNAMA
Web source: http://bernama.com/en/news.php?id=1808282