Alliance Bank, CGC allocate additional RM1bil under portfolio under portfolio guarantee schemes to help MSMEs

From left: Alliance Bank’s group chief SME and commercial banking officer Raymond Chui, group CEO Kellee Kam, CGC President and CEO Datuk Mohd Zamree Mohd Ishak and chief business officer Sean Tan

KUALA LUMPUR: Alliance Bank Malaysia Bhd has extended its partnership with Credit Guarantee Corporation Malaysia Bhd (CGC) and allocated an additional RM1bil under Portfolio Guarantee schemes to help micro, small and medium enterprises (MSMEs).

In a statement today, the bank said the partnership would enable eligible MSMEs, even those that lack collateral, to obtain financing of up to RM1mil per MSME to expand their business operations.