KUALA LUMPUR: OCBC Bank (Malaysia) Bhd has sealed an agreement with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer up to RM500mil in loans to small and medium enterprises (SMEs), on a portfolio guarantee basis, the largest the country has seen.
CGC is assisting the SMEs without or with inadequate collateral and track record, to obtain credit facilities from financial institutions by providing guarantee cover. The portfolio guarantee is based on a pre-determined set of criteria and financial institutions will enjoy a fixed guarantee cover percentage for the amount agreed upon.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
