CGC to provide credit guarantees to RM4b loans


PETALING JAYA: Due to weaker market sentiment, Credit Guarantee Corp Malaysia Bhd (CGC) expects to provide credit guarantees for RM4bil worth of loans this year compared with RM4.6bil last year.

Managing director and chief executive officer Datuk Wan Azhar Wan Ahmad said the outlook for the year was still good despite the challenges and this would see CGC focusing more on quality loans.

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