SME Bank has made history as the first Development Financial Institution (DFI) in Malaysia and Asean to be a member of The Montreal Group (TMG). TMG is an exclusive global forum for state-owned development banks focused on assisting micro, small and medium-sized enterprises. Founded in 2012 by seven members with a total estimated combined assets of US$2 trillion, TMG was established to encourage exchange of ideas, best practices and foster greater understanding of the international market for the growth of SMEs.
“This is a testament to the Bank of how far we have gone. TMG recognises SME Bank as a prominent DFI in the country as well as Asean region.
“We do not just offer financing but we also carry the role of nurturing and developing the SMEs through the Bank’s various intervention programmes,” SME Bank group managing director Datuk Mohd Radzif said in a statement.
