Public Bank, SJPP collaborate to extend RM1bil in financing to SMEs

KUALA LUMPUR: Public Bank Bhd will be extending RM1 billion in financing to small and medium enterprises (SMEs) through a strategic collaboration with the Ministry of Finance’s (MoF) credit guarantee agency, Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP).

In a statement today, Public Bank said the financing would cover all existing and future financing schemes guaranteed by SJPP, such as the Working Capital Guarantee Scheme (WCGS), Pemulih Government Guarantee Scheme (PGGS) and others.