Boost for SMEs. From left are Ernest Kwong Kah Wah, head of group SME banking of Alliance Bank Malaysia; Joel Kornreich, group CEO of Alliance Bank Malaysia Bhd; Datuk Mohd Zamree Mohd Ishak, president and CEO of Credit Guarantee Corporation Malaysia Bhd and Leong Weng Choong, chief business officer of Credit Guarantee Corporation Malaysia after the signing of the portfolio guarantee agreement.
KUALA LUMPUR: Alliance Bank Malaysia Bhd
and Credit Guarantee Corporation Malaysia Bhd (CGC) have teamed up to provide fast and simple financing to help Malaysian small and medium enterprises (SMEs) accelerate growth.
Through CGC’s portfolio guarantee scheme, Alliance Bank can help eligible SMEs which lack adequate collateral or credit track record, obtain hassle-free, working capital financing to grow their businesses, they said in a joint statement on Monday.
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