SME Bank has been honored with The Best Agency in Accelerating SME Development award at the Lang International Corporate Titan Awards (LICTA 2021), a prestigious international business award in Malaysia. The award was presented by Datuk Seri Dr Wan Junaidi Tuanku Jaafar, the Minister in the Prime Minister's Department, and recognizes SME Bank's outstanding performance in supporting the development of small and medium enterprises (SMEs).
SME Bank, a fully-owned development financial institution under the Ministry of Finance, aims to promote economic growth by providing financing assistance and development expertise to enable SMEs to prosper and grow.
LICATA's main objective is to recognize outstanding performance in honesty, truthfulness, and trustworthiness by businesses and entrepreneurs. The award particularly emphasized SME Bank's contribution to creating value in Malaysia's SME ecosystem. Dato' (Dr.) Aria Putera Ismail, SME Bank Group President/Chief Executive Officer said: "This award is a recognition of SME Bank's efforts in advancing SME development. Since its establishment, SME Bank has approved over RM39 billion in financing, helping nearly 22,000 SME entrepreneurs. In 2021, SME Bank also approved over RM400 million in financing from the PENJANA stimulus package announced by the Government to assist SMEs affected by the pandemic."
From left to right: Dato’ Lee Chee Weng, Selection Chairman of LICTA; Dato Sri Dr. Haji Wan Junaidi Tuanku Jaafar, Minister in the Prime Minister's Department; Azhar Kasan, Regional Director of SME Bank; Dato’ Sri Syed Hussien Al Habshee, Chairman of SME Corp; and Saaidah Khadijah Naim, Head of Program Coordination and Adjustment, SME Bank.
LICTA's high standards and strict certification ensure that the outstanding performance of awardees is fairly recognized and subsequently gains an undisputed reputation and status within the industry. Therefore, receiving an award from LICTA is a significant achievement for businesses. Over the years, many award-winning enterprises have benefited greatly from this platform, such as gaining the opportunity to access soft loans and various aid funds quickly. Additionally, LICTA has also helped some companies secure project contracts and provided practical solutions to bureaucratic issues, helping them overcome bottlenecks.
As the recipient of The Best Agency in Accelerating SME Development award, SME Bank's achievement not only praises and encourages them, but also shows support and attention to Malaysia's SMEs. SME Bank will continue to devote itself to supporting SME development and help them achieve greater success.
Representatives from SME Bank received the Lang International Corporate Titan Awards (LICTA) trophy for Best Agency in Accelerating SME Development, a highly prestigious award.