CGC to launch new scheme by August


  • Business
  • Saturday, 27 May 2006

PETALING JAYA: Credit Guarantee Corp Malaysia Bhd (CGC) plans to launch its new guarantee scheme in mid-July or early August to capture a larger customer base in the financial institutions sector, said chief executive officer Datuk Wan Azhar Wan Ahmad. 

He said under the unconditional guarantee scheme, banks submitting their account claims to the CGC would no longer be subject to deadlines. 

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