SME Bank Welcomes Approximately RM2.8 Billion to boost Enterprise Competitiveness Under the National Budget 2027

KUALA LUMPUR, Oct 20 (Bernama) -- Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank” or “the Bank”), a subsidiary of Bank Pembangunan Malaysia Berhad Group (“BPMB Group”), welcomes approximately RM2.8 billion in strategic initiatives mandated to the Bank under National Budget 2027. The initiatives will strengthen Malaysian enterprises across seven priority sectors: entrepreneur development, tourism, sustainability, high-growth and high-value industries, transportation and logistics, infrastructure and export empowerment.

Samad Majid Zain, Chief Executive Officer of SME Bank, said, “The National Budget 2027 opens new opportunities for Malaysian enterprises through approximately RM2.8 billion in strategic initiatives entrusted to SME Bank, forming part of the more than RM7 billion mandated by the Government to BPMB Group. These initiatives reflect the emphasis on productivity, sustainability and economic reform within the National Budget 2027’s overall allocation of approximately RM510 billion. We commend the Government for supporting enterprise development through this commitment, guided by the theme, ‘Malaysia MADANI: Reaching for the Skies, While Anchored on Our Values’, and the ambition to build a competitive and inclusive economy under the MADANI economic framework and the Thirteenth Malaysia Plan (“RMK13”).”