SME needs should be addressed, said Aziz

Malaysia’s new SME Credit Bureau will begin to rate Small and Medium Enterprises (SMEs) to help push the sector’s growth, said its chairman, Datuk Wan Azhar Wan Ahmad.

He said that the Bureau would provide financial institutions and other lenders with easy access to timely, accurate and reliable credit information on SMEs. This will facilitate faster credit decisions and speed up financing activities. 

“The SMEs can also use their positive credit history as ‘collateral’ to access loans at better rates and seek more competitive terms from different lending institutions,” he explained.

Bank Negara Malaysia governor, Tan Sri Zeti Akhtar Aziz speaking at the launch of the Bureau said, 
”in this current challenging period of slower growth, financial institutions need to also understand and address early, the problems faced by SMEs.” 

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