News

Lending & Credit Retail Banking

Staff Reporter

, Malaysia

Published:

3 months ago

From L to R: Arshad Mohamed Ismail, Group Chief Executive Officer, Malaysian Rating Corporation Berhad (MARC); Dato’ Muslim Hussain, Chairman of SME Bank; YB Datuk Ewon Benedick, Minister of Entrepreneur Development and Cooperatives, Malaysia; Datuk Dr Mohammad Hardee Ibrahim, Relief Group President/Chief Executive Officer of SME Bank; and Amirul Imran Ahmat, Chief Executive Officer, CEDAR, during the agreement exchange ceremony at the SME Bank XCESS 2024 launch event.

SME Bank partners with MARC to support Malaysian SME growth

They will combine their expertise in data and business coaching.

SME Bank Malaysia Berhad is working with the Malaysian Ratings Corporation (MARC) to foster an entrepreneurial ecosystem in Malaysia.

SME Bank’s subsidiary CEDAR will combine its business coaching and mentoring with MARC’s credit ratings, economic research, and data analytics expertise to enhance the small and medium enterprise (SME) sector in Malaysia.

Key initiatives include improving SMEs’ access to capital, as well as developing products and services to address challenges faced by SMEs.

CEDAR and MARC will also provide businesses with developmental resources to facilitate expansion, optimize operations, and enhance decision making.

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