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CIMB Singapore aims to approve $79.8 mln of Islamic SME loans in 2012

Posted on 05 March 2012

CIMB Bank aims to approve SPD 100 million ($79.8 million) this year for the small and medium enterprises (SMEs) in the republic.
“We are targeting about $100 million for SME financing this year. At the moment, we already have about S$30 million on our balance sheet with a healthy pipeline for the full year. The take-up rate of Islamic financing for SMEs has been encouraging although it is very early days for the industry in Singapore,” said Badlisyah Abdul Ghani, CIMB Group’s Head of Group for the Islamic banking division at CIMB………………………………………..Full Article: Source

 
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