SME Bank targets to approve financing worth RM369 million to eligible companies for their business expansion during SME Bank Mini XCESS for Northern Region. The target is in line with the economic opportunities in the northern area and particularly in the state of Perak. Since inception, SME Bank Northern Regional Centre has recorded a financing portfolio worth over RM694 million and assisted more than 974 customers. This indicates that the economic activities in Northern Region are vibrant and it provides abundance of opportunities for SME businesses and its ecosystem to grow.
SME Bank Mini XCESS is an annual event held with the aim to reach out to the SME entrepreneurs directly. Through this programme, the Bank approved RM132 million worth of financing in 2016. SME Bank Mini XCESS programme will be held at another two locations which is Sabah on 31 March 2017 and Sarawak on 11 April 2017 respectively. The SME Bank Mini XCESS for Northern Region was officiated by YB Dato’ Seri Ong Ka Chuan, Minister II, Ministry of International Trade and Industry and was attended by more than 120 entrepreneurs. Other MITI agencies such as SME Corp., MIDA, MPC, Matrade and MIDF also participated as strategic partners for the event.