Bernama
21 January 2020
RHB wins SJPP SME financing award with RM1.13 bln disbursement
KUALA LUMPUR, Jan 21 -- RHB Banking Group (RHB) topped total approval and disbursement of financing under Syarikat Jaminan Pembiayaan Perniagaan Bhd’s (SJPP) financing scheme for small and medium enterprises (SMEs), with a disbursement of RM1.13 billion in 2019 against total approval of RM1.43 billion.
In a statement, RHB said it had approved 914 applications in 2019 under a continued partnership with SJPP.
The bank was recognised with the ‘Top Performer for SJPP Schemes’ award at the official launch of Budget 2020 - Government Guarantee Schemes for SMEs here today.
SJPP is a company under the Ministry of Finance and manages government guarantee schemes for SMEs.
“In 2019, RHB had approved approximately RM10 billion in financing for Malaysian SMEs, including RM5 billion which benefited more than 3,000 smaller SMEs.
“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,” said RHB Banking Group managing director Datuk Khairussaleh Ramli.
-- BERNAMA
Web source: http://bernama.com/en/news.php?id=1808261