CGC cuts loan guarantee target


PETALING JAYA: Credit Guarantee Corp Malaysia Bhd (CGC) will continue to expedite loans for small and medium-scale enterprises (SMEs), targeting to provide credit guarantee of RM3.5bil this year.

The corporation last year approved guarantees on 10,368 loans totalling RM3bil to SMEs in all sectors. It has guaranteed 4,000 loans worth RM1bil.

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