COVID–19 NEWS   Spain’s Queen catches COVID-19 amid countrywide spike in infections | S Korea’s new COVID-19 cases bounce back to over 10,000 amid resurgence woes | Italy's COVID-19 transmission rate rises for 4th consecutive week | N Korea's first COVID-19 cases traced to area bordering S Korea: State media | COVID: Rise in new infections, drop in death cases last week - Health DG | 

HSBC launches US$1 bln lending programme for female entrepreneurs

12/05/2022 08:42 PM

KUALA LUMPUR, May 12 (Bernama) -- HSBC is offering US$1 billion (US$1=RM4.39) in lending to female-owned businesses in 11 markets, including Malaysia, over the next 12 months, through its newly-launched Female Entrepreneur Fund.

In a statement today, it said this comes alongside the introduction of the HSBC Roar initiative, which enables female entrepreneurs as well as successful fund applicants to access a series of masterclasses and networking sessions, among others.

“The initiatives launched today aim to break down the barriers faced by female entrepreneurs and provide the infrastructure and support to help them scale and grow their businesses,” the financial services group said. 

According to HSBC, access to funding remains one of the biggest hurdles for female business leaders worldwide.

“Female-owned businesses received just three per cent of start-up funding in 2019, while venture capital for female-founded enterprises hit a five-year low of two per cent in 2021,” it said.

Meanwhile, HSBC Malaysia country head of commercial banking Andrew Sill said it launched the Female Entrepreneur Fund and the HSBC Roar programme in Malaysia today to help address the challenges and bias that female leaders face.

“As the Malaysian economy continues to rebuild from the impact of the pandemic, we need to ensure that those small and medium-sized businesses led by women are given the support to fulfil their full potential,” he added.

HSBC Roar was piloted last year in Hong Kong, the United Kingdom and United States. Through the programme, the women entrepreneurs can access a series of masterclasses hosted by experienced business leaders, tailored networking sessions with major companies, and insights from the investor community along with the opportunity to pitch to angel investors.


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy