SME Bank

Bank Negara Malaysia has revised the definition of SME through a notification issued on 27 December 2017 which details are as follows :

Broadly, the definition has been simplified under two categories, namely :

Manufacturing: Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 workers; and

Services and other sectors: Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 workers.

Category Micro Small Medium
Manufacturing Sales turnover of less than RM300,000 OR full-time employees less than 5  Sales turnover from RM300,000 to less than RM15 million OR full-time employees from 5 to less than 75 Sales turnover from RM15 million to not exceeding RM50 million OR full-time employees from 75 to not exceeding 200
Services & Other Sectors Sales turnover from RM300,000 to less than RM3 million OR full-time employees from 5 to less than 30 Sales turnover from RM3 million to not exceeding RM20 million OR full-time employees from 30 to not exceeding 75

 

Applying for business financing is now easier with MySMEBank online application

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CONTACT US
Contact Us:
Menara SME Bank,
Jalan Sultan Ismail,
50250 Kuala Lumpur

Tel: +603 2603 7700