F(L-R) Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group, Aaron Loo, Managing Director, Retail Banking, AmBank (M) Berhad, Mujibburrahman Abd Rashid, Chief Business Officer, Bank Simpanan Nasional and Jay Khairil, Chief Executive, Bank Simpanan Nasional at the signing ceremony for the strategic partnership Amplifying MSMEs Programme between AmBank and Bank Simpanan Nasional held at W Hotel Kuala Lumpur
Thursday, 14 September 2023 - AmBank (M) Berhad (“AmBank”) and Bank Simpanan Nasional (“BSN”) have signed an MOU to collaborate in establishing an Entrepreneurship Development Workshop via the “Amplifying MSMEs Programme” to nurture micro-SMEs to a new level. This partnership also aims to provide financial and business knowledge needed to build and upskill participants’ business acumen through a series of workshop programmes.
The Amplifying MSMEs Programme aims to provide participants with financial literacy, financial management, business management, operations management and digital transformation knowledge. This initiative will focus on expanding 200 chosen micro-SMEs who have previously benefited from the BSN micro financing scheme. The goal is to elevate these micro-SMEs to another level of business growth by facilitating access to essential financial services that cater to their evolving business requirements.
“By embarking on this strategic partnership with BSN, we hope that micro-SMEs will not only gain a better understanding of financing needs, but also gain exposure to new ideas, emerging trends, and innovative business models to further develop their businesses. AmBank and BSN remain committed to continuing efforts and initiatives to ensure that micro-SMEs can take advantage of the various programs, products and services offered by the bank at any time in aiding their growth journey,” said Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group.
Jay Khairil, Chief Executive of BSN, emphasised that “The partnership between BSN and AmBank will strengthen our efforts to transition our micro customers into the small business segment in alignment with the aspirations of our 5-year Corporate Strategic Plan. This developmental programme underscores our dedication to equipping customers with crucial financial acumen and practical skills while maintaining our leadership in the microfinance community.”
This programme will be held in batches starting from September 2023 until December 2023 located in Kuala Lumpur, Johor Bahru, Ipoh and Kota Bharu and offers a cash reward of RM10,000 for the best business module for each location.
Through this programme, outstanding participants will be presented the best business module micro-SME award while also opening opportunities for eligible graduate micro-SMEs to enjoy special financial product offers from AmBank.