AmBank, CGC extend RM400m financing to SMEs

Group CEO of AmBank Datuk Sulaiman Mohd Tahir, said: “Despite the challenging domestic and global environment, SMEs remain as a substantial backbone of the Malaysian economy.

KUALA LUMPUR: AmBank and Credit Guarantee Corporation Malaysia Bhd (CGC) are providing RM400mil in working capital to help the small and medium sized enterprises (SMEs).

In a joint statement on Monday, they said the financing facilities are provided through the SME portfolio guarantee (SPG) revival scheme/-i.