SME Bank was established in 2005 as a Development Financial Institution (DFI) and commenced its operation on 3 October 2005
SME Bank
What is it about?
SME Bank was established in 2005 as a Development Financial Institution (DFI) and commenced its operation on 3 October 2005. Wholly owned by Ministry of Finance (MOF), SME Bank is fully committed in providing financing as well as beyond financing assistance and expertise to small and medium scale enterprises.
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App Store Description
SME Bank was established in 2005 as a Development Financial Institution (DFI) and commenced its operation on 3 October 2005. Wholly owned by Ministry of Finance (MOF), SME Bank is fully committed in providing financing as well as beyond financing assistance and expertise to small and medium scale enterprises.
The Bank plays an important role in supporting the Malaysian Government’s economic and development initiatives such as the National Key Economic Areas (NKEAs) (2010-2020) and the Financial Sector Blueprint (2011-2020).
Over the last decade, the Bank has progressed tremendously in its operations and also human capital developments delivered through its strategic Five-Year Transformation Plan which among others saw the Bank becoming an Islamic Principle Based DFI in 2015.
Moving forward, the Bank aims to strengthen its position as the preferred financial partner for the SMEs.
The Bank is supervised by Ministry of International Trade and Industry (MITI) and regulated by Bank Negara Malaysia.
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