SME Bank continues to deliver on the mandate given by the Government to provide financing and nurturing the development of the SMEs while tackling the challenges of balancing its obligation as a Shariah Based Development Finance Institution. This is evident based on the 1737 SME customers who have received a total of RM2.73 billion of financing in 2013.
The developmental role played by SME Bank in 2013 saw the factory complexes under the Bank’s Entrepreneur Premises Program enjoying a 91.8% occupancy rate out of 439 units available with 10 participants graduating from the program. Under the specific intervention initiative, 177 customers had achieved upward migration under various aspects of their competency and they include improvement in business revenues, market expansion or being listed as TeraS company under the flagship of TERAJU. TeraS is a program for high performing Bumiputera companies to create “Global Champions” amongst them.
In addition to these notable achieve- ments, a total of 43 companies registered under the IQ Dagang program had successfully converted their ideas into bankable businesses. IQ Dagang is a platform used by SME Bank to get those with innovative ideas to share and explore the possibilities of commercializing them if deemed viable.
On the back of these various initiatives, SME Bank recorded a profit before tax of RM93.97 million in 2013 which is nearly 1.5 times more than targeted.The Bank also recorded an operating profit of RM99.47 million which is more than double of the targeted amount. Gross income from the Bank’s Islamic banking business showed a 22% increment from 2012 to RM209.3 million, reflecting the Bank’s robust growth in Islamic banking assets.
This is in line with SME Bank’s target to become a full-fledged Shariah Based Development Finance Institution by 2015.
Under the 5-Year Transformation Key Milestones target for 2013 (Inclusiveness & Sustainable Growth), SME Bank expanded its market outreach through the official opening of two new Entrepreneur Centres (Batu Pahat & Kajang), one Business Centre in Rawang and three other outlets at the Urban Transformation Centres (UTCs) in Alor Setar, Ipoh and Kuantan.
On the global level, SME Bank continued to record impressive achievements. In recognition to its high corporate responsibility values in educating entrepreneurship among teenagers, the SME Bank’s Y-Biz Challenge 2013 was awarded the Plaque of Merit for Corporate Social Responsibility Program category by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) during its 37th Annual ADFIAP meeting which was held in Moscow, Russia on 23 to 25 April 2014.
Locally, SME Bank was recognized for excellence in diverse disciplines in 2013.The Bank’s website was awarded a 5-Star rating in the Malaysia Government Portals and Websites Assessment (MGPWA) organized by Multimedia Development Corporation (MDeC) for three consecutive years (2011, 2012 & 2013).SME Bank was also one of the winners of Sahabat Negara SME RecognitionAward 2013 organized by SMIAssociation of Malaysia. These diverse mix of awards shows that the Bank is being recognized for its efforts in developing and nurturing the growth of SMEs in the country.
In line with the Government’s Economic Transformation Programme, SMEs will continue to be a key driver and engine of growth in the country’s economic endeavors.
The focus on SMEs is highlighted in the National Budget 2014 with additional funding of RM2.6 billion allocated to 13 specific programmes for SME development.These include programmes to develop innovation and creativity in order for the SMEs to move up to the higher-end of the value chain.The Government has announced various programmes for SME Bank which include the Graduate Entrepreneurship Fund 2 (RM50 million); Bumiputera Equity Fund (RM300 million) and Malay Reserve Development Financing (RM200 million).
Specifically, SME Bank will uphold the Government’s mandate and support its objective of SMEs contributing 41% to the nation’s Gross Domestic Product by the year 2020. SME Bank is a government owned bank with its major share- holder being MOF Incorporated.соболиные бровидоменное имя ру
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