00:01Affin together with CGC, we've partnered them to create a 500 million fund to help fund SMEs
00:11starting from their beginning journey all the way up to becoming a successful business.
00:18On top of that, we also have Affin Jam, where we support women entrepreneurs
00:24with financing without collateral.
00:27So, these are some of the products which we provide to the companies, to the entrepreneurs that begin their journey,
00:35that are starting their journey.
00:36And as they evolve, we provide them with different types of product and financing,
00:42which they require, for example, trade financing, foreign exchange, and as they grow bigger,
00:51they will need bigger capital raising.
00:52So, this is where we take them through the journey of raising financing through the capital markets,
00:58or financing with different types of products and instruments.
01:04But along the way, not just financing, we also provide networking.
01:11We provide them with the necessary network support system that we partner with all our other clients,
01:21so that they can build their ecosystem, because besides capital, they will need the network,
01:27they will need the expertise from other industries, they will need the help from government assistance.
01:32So, this is where Affin comes and plays a role.
01:37We don't just provide the financing, we provide the whole ecosystem, knowledge ecosystem,
01:43to help the company grow from SME all the way to large scale.
01:49And on top of that, Affin recently obtained financing from the International Finance Corporation of about US$400 million,
02:01and that is specifically a majority to finance small and medium enterprises.
02:07And the IFC themselves estimate that this initiative will help create about 40,000 odd jobs in the next five
02:17to six years for the Malaysian economy.
02:20So, we, in Affin, we firmly believe in the Malaysian economy.
02:25We firmly believe in local talents.
02:27We firmly believe in what SEDEC is doing, growing local champions and growing their whole ecosystem.
02:34So, we're not here just to provide financing for the entrepreneurs.
02:37We want to provide financing, as Steyong has said, about, you know, there will be engineers,
02:46there will be, you know, they start growing their careers here.
02:49So, we are there also for the individual journey.
02:52And I think this is where we find the opportunities to collaborate here in line with our AX28 strategies,
03:01you know, which is a responsible banking with impact and providing unrivaled customer service.
03:07So, that's how we fit into this whole entire narrative.
03:11I mean...
