SME BANK AIMS TO BOOST NOTHERN RE­GION

Mini XCESS serves to reach out to en­trepreneurs di­rectly

New Straits Times - - Business -

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

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