CGC expects to guarantee more loans this year


KUALA LUMPUR: Credit Guarantee Corp Bhd (CGC), which guaranteed RM3bil loans last year, is confident of improving its record this year, said chairman and chief executive officer Datuk Wan Azhar Wan Ahmad. 

Speaking after the launch of a strategic partnership between CGC and eight local Islamic banks on Tuesday, he said the company expected to guarantee at least RM300mil of the total loans to be disbursed under its collaboration with the Islamic banks. 

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