Maybank aims big in SME financing

TheStar Tue, Feb 20, 2024 12:00am - 3 months View Original


Maybank group chief executive officer for community financial services Datuk John Chong

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is eyeing mid double-digit growth in financing for its small and medium enterprise (SME) lending segment this year.

Group chief executive officer for community financial services Datuk John Chong said the bank’s lending to the SME segment may grow by 13% to 14% this year.

Maybank is the dominant player in this segment’s loan space, with close to 70% of all of SME lending in Malaysia.

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