SME Bank has taken a significant step toward strengthening SME digitalization and financial empowerment through its partnership with CDC International Sdn Bhd (CDCi). The collaboration, formalized through a Memorandum of Understanding (MoU) signed at Menara SME Bank in Kuala Lumpur, underscores SME Bank’s commitment to providing financial solutions that support SMEs in project execution and business growth. By integrating its expertise in SME financing with CDCi’s SPEED digital procurement portal, the bank aims to enhance SME access to a broader market while ensuring they have the necessary financial resources to expand operations.

Through this partnership, SME Bank will offer customized financing options to SMEs participating in the SPEED digital procurement platform, enabling them to secure projects and scale their businesses more effectively. Acting Group President/CEO Datuk Dr Mohammad Hardee Ibrahim highlighted that this initiative aligns with the government’s MADANI Economy agenda, reinforcing national efforts to drive SME development and digital transformation. The collaboration facilitates greater financial inclusion and strengthens SME resilience by combining market access with tailored funding solutions.

With over 100,000 SMEs registered on SPEED and an annual procurement transaction value exceeding RM2 billion, SME Bank is crucial in fostering SME growth in Malaysia’s evolving digital economy. By supporting digital procurement with strategic financial backing, the bank ensures that SMEs can efficiently secure contracts, enhance operational efficiency, and expand their market reach. This partnership reflects SME Bank’s ongoing mission to drive SME competitiveness and economic sustainability through innovative financing and digital integration.