SMEs Secure Over RM1.6 Bln Financing From OCBC Entrepreneur Programme

KUCHING, Nov 14 (Bernama) -- OCBC Malaysia said its Serial Entrepreneur Programme has gained strong momentum among small and medium enterprises (SMEs), having secured more than RM1.6 billion in approved financing since its pilot phase began just over a year ago.

In a statement, the bank said the programme supports entrepreneurs who own multiple businesses by assessing their entire portfolio rather than evaluating each entity in isolation.

OCBC Malaysia managing director and head of wholesale banking Jeffrey Teoh said at its recent OCBC Serial Entrepreneur Programme event that more than 100 customers have joined the programme since its official launch in Kuala Lumpur in July this year.

“We are now excited to bring the programme to Sarawak, a state experiencing a thriving renewable energy sector, expanding digital infrastructure, and progressive policies. With this development, a new generation of entrepreneurs is emerging, and we want to support and empower them,” he said. 

Teoh said serial entrepreneurs are also supported by OCBC’s dedicated relationship managers who provide customised financial roadmaps to help them manage and grow their businesses more effectively.

He said the programme includes payment and collection services, industry-specific solutions and other tools to help entrepreneurs scale their ventures without the constraints of traditional banking models.

“We have always believed that SMEs are the backbone of Malaysia’s economy, and this belief drives our innovation, investments, and partnerships,” he added.

-- BERNAMA