Latest news with #SMEBank
The Star
19-05-2025
- Business
- The Star
Muzaffar is Bank Pembangunan's new group CEO
PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) has appointed Datuk Muzaffar Hisham as its new group chief executive officer (GCEO), effective May 18, 2025. Formerly the GCEO of Maybank Islamic Bhd, Muzaffar brings with him over 20 years of regional banking experience, the development financial institution said in a statement. 'Muzaffar has a proven track record in driving business growth and regionalisation strategies across various sectors, including wholesale and retail banking, investment banking, treasury, asset management and client coverage,' BPMB said. He takes charge shortly after BPMB completed its acquisition and merger with Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Export-Import Bank of Malaysia Bhd (Exim Bank). Effective May 1, both Exim Bank and SME Bank became subsidiaries of BPMB, creating a combined asset base of about RM50bil. 'It is an honour to join BPMB at this important juncture. 'I look forward to working closely with the board, management and stakeholders to build on the bank's strong foundation,' Muzaffar said.
Daily Express
13-05-2025
- Business
- Daily Express
3,000 entrepreneurs targeted for capacity-building: Ewon
Published on: Tuesday, May 13, 2025 Published on: Tue, May 13, 2025 Text Size: Ewon (center, front row) posing with entrepreneurs. TAWAU: A total of 47 Sabah entrepreneurs under the guidance of the Ministry of Entrepreneur Development and Cooperatives (Kuskop) through SME Bank received certificates of appreciation and RM100 e-wallet incentives. Kuskop Minister, Datuk Ewon Benedick said this year, the Centre for Entrepreneur Development and Research Sdn. Bhd. (Cedar) is targeting 3,000 entrepreneurs to participate in its entrepreneurial training and mentorship programs. 'To complete the Madani Entrepreneur Advancement Programme 2025, Cedar, a subsidiary of SME Bank, is responsible for providing entrepreneurial training and guidance to entrepreneurs under SME Bank. 'This year, Cedar aims to guide 3,000 entrepreneurs, and so far, we've successfully mentored 1,062 entrepreneurs, including 47 from Sabah who took part in today's event held in conjunction with the Madani Rakyat Programme (PMR) in Tawau. 'I'd like to extend my appreciation to Cedar and SME Bank for this contribution, and I hope the programme achieves its target by continuing to provide various training and mentoring initiatives for other entrepreneurs,' he told reporters during the Entrepreneur Engagement Session with Kuskop held at the Tawau Municipal Council (MPT) Conference Hall. According to Ewon, a total of RM5 million has been allocated to achieve the programme's targets. 'Kuskop has allocated RM2 million, while SME Bank has provided RM3 million. These funds cover various training schemes, including financial literacy, artificial intelligence (AI), environmental, social, and governance (ESG) training, and the Halal Hub initiative, as I mentioned in my speech earlier. 'That's why we constantly monitor the implementation of our ongoing programmes,' he added. He also highlighted that there are special financing programmes for entrepreneurs from the disabled (OKU) community and military veterans, though the response has been underwhelming. 'We do have special financing programmes for OKU entrepreneurs, but we're also observing the level of participation. 'This is the challenge. I know there are many OKU entrepreneurs out there. Perhaps they are unaware or feel reluctant. I need to look into the exact reasons why the response has been low, especially when compared to the amount allocated for other more popular programmes. 'The same goes for the Armed Forces Veteran Financing Scheme. It's available for those who have completed their military service, but it hasn't met its target either. We need more participation and ask the media to help spread the word. 'Otherwise, the funds allocated might be redirected to schemes that receive better reception. In any case, we want OKU individuals and other special groups to be involved in entrepreneurship, just as we support others, because we aim to ease their burdens too,' he said. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Argaam
11-05-2025
- Business
- Argaam
ITMAM awarded SME Bank project to enhance procurement excellence
ITMAM Consulting Co. was awarded a project to enhance procurement excellence with the Small and Medium Enterprises Bank (SME Bank), with a value exceeding 5% of the company's 2024 revenues. In a statement to Tadawul, the company said the project aims to provide consulting services to enhance and support procurement and contract processes. This will be through establishing a work methodology aligned with the Government Tenders and Procurement Law and related regulations. The company further noted that the award letter was received on May 8, adding that there are no related parties involved in the project.
Al Bawaba
07-05-2025
- Business
- Al Bawaba
ADIB Wins Four Awards at MEED's MENA Banking Excellence Awards 2025
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has won four awards at the MEED MENA Banking Excellence Awards 2025. The bank has been recognised for MENA Islamic Retail Bank of the Year, Best SME Bank in the UAE, Excellence in Client Services and Best Fintech recognition in these four esteemed categories underscores ADIB's relentless pursuit of excellence in Islamic finance, its industry-leading initiatives in innovation and responsible banking, and its unparalleled commitment to delivering exceptional retail banking services in the on the remarkable achievement, Mohamed Abdelbary, ADIB Group Chief Executive Officer, said, "We are honoured to receive these prestigious accolades, which are a testament to ADIB's commitment to innovation, excellence, and customer satisfaction. These accolades not only recognise our team's hard work and dedication but also reinforce our position as a leading financial institution in the MENA region.'ADIB is committed to leveraging technology and innovation to drive growth and profitability, with a focus on expanding its customer base and improving operational efficiency. The bank's Vision 2035 strategy positions us to navigate the evolving financial landscape and continue delivering exceptional value to our MEED's MENA Banking Excellence Awards acknowledge performance and leadership in the banking industry across the Middle East and North Africa region. These awards provide validation and contribute to ADIB's market position, team recognition, and shareholder value. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Malay Mail
01-05-2025
- Business
- Malay Mail
Bank Pembangunan Malaysia completes acquisition of EXIM Bank, SME Bank
KUALA LUMPUR, May 1 — Bank Pembangunan Malaysia Bhd (BPMB) today announced the successful acquisition of shares in Export-Import Bank of Malaysia Bhd (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) from Minister of Finance (Incorporated). In a statement today, BPMB said the transaction was completed based on the net tangible assets of EXIM Bank and SME Bank as of December 31, 2023. Hence, it said BPMB group, now with EXIM Bank and SME Bank as its subsidiaries, forms a unified entity to better deliver impact capital through a developmental financing ecosystem, in alignment with key national policies — the Malaysia Madani Economic Framework, the New Industrial Master Plan, the National Energy Transition Roadmap, the 12th Malaysia Plan, and the Bumiputera Economic Transformation Plan 2035. 'Backed by the existing combined workforce of over 2,000, BPMB group enhances its capacity to deliver greater impact at scale. 'The group remains committed to maintaining its full workforce and enabling meaningful roles, recognising human capital as central to national development efforts,' the bank said. Following the completion of the acquisition, BPMP said the three banks are better positioned to expand and strengthen their existing mandates to bridge the country's developmental funding gap. It said key pillars in addressing this gap include, among others, support for bumiputera entrepreneurs, financing for SMEs, fostering inbound and outbound transactions, and advocating sustainability for growth. Collectively, it said that for this year, the group has an allocation of RM8.3 billion to be deployed for national development through its combined strategic programmes. 'This acquisition is expected to generate revenue and cost synergies over time as the three institutions increasingly integrate their resources and expertise to support the growth of Malaysian businesses, both large and small,' it said. Moving forward, BPMB group will implement a holistic integration plan that leverages the strengths and resources of each entity to support the three distinct market segments effectively. During the presentation of Budget 2024, Prime Minister Datuk Seri Anwar Ibrahim announced that development financial institutions would be restructured through the merger of Bank Pembangunan Malaysia, SME Bank and Exim Bank. — Bernama
