Business is the business of Bank Pembangunan Malaysia. The government-owned bank's primary mandate is to provide financing for infrastructure, maritime, and high-tech projects. Infrastructure loans account for about 85% of the bank's lending activity. Former subsidiary SME Bank, which focuses on lending and other financial services for small and medium-sized enterprises, was separated from Bank Pembangunan in 2008. The demerger allows Bank Pembangunan to focus on core services. Its remaining subsidiary Global Maritime Ventures (GMV) provides venture capital for the maritime industry. Bank Pembangunan, which was founded in 1974, offers conventional and Islamic financing services.