Maybank Singapore to grow retail SME business

Singapore

MAYBANK Singapore has laid out an aggressive plan to target smaller businesses in Singapore, as it aims to grow this loan portfolio by 40 per cent. The Malaysian bank said on Monday that it was looking to expand the loan book coming from businesses with revenues of up to S$20 million under what it calls its retail SME business.

The bank set up a unit in Singapore dedicated to this group of customers some two years ago, and has seen its sm…