SME BANK AIMS TO BOOST NOTHERN REGION

Mini XCESS serves to reach out to entrepreneurs directly

KUALA LUMPUR

The target was in line with the available economic opportunities in the northern area, particularly in Perak, said the bank.

The Northern Corridor Economic Region has contributed 5.8 per cent to the country’s gross domestic product with a total accumulated investment of RM79.92 billion since its establishment in 2008.

It aims to increase its contribution to RM87.3 billion by end of the year.

SME Bank Mini XCESS is an annual event held to reach out to entrepreneurs directly.

At last year’s Outreach Programme, two sessions were organised by SME Bank’s Northern Regional Centre, which attracted almost 300 entrepreneurs.

Through this programme, the bank approved RM132 million worth of financing.

The programme will be continued to Sabah on March 31 and Sarawak on April 11.

As at December 31, SME Bank Northern Regional Centre recorded a financing portfolio worth more than RM694 million, and had assisted more than 974 customers.

The SME Bank Mini XCESS for the northern region was officiated by Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan yesterday. Bernama