AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir (pic) said the scheme would also provide a six-month moratorium on instalments.
KUALA LUMPUR: AmBank Group and Sabah Development Bank Bhd (SDB) are rolling out RM100mil worth of financing for small and medium enterprises (SMEs) in Sabah in the first quarter of this year.
In a virtual media briefing, SDB said the financing plan, known as “Sabah SME Guarantee Scheme” would offer up to RM1mil for each borrower in Sabah to mitigate the adverse impact of the Covid-19 pandemic.
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