Public Bank to extend RM1bil SME via SJPP

Public Bank said the financing would cover all existing and future financing schemes guaranteed by SJPP.

KUALA LUMPUR: Public Bank Bhd will be extending RM1bil in financing to small and medium enterprises (SMEs) through a strategic collaboration with the Finance Ministry’s credit guarantee agency Syarikat Jaminan Pembiayaan Perniagaan Bhd or SJPP.

In a statement, Public Bank said the financing would cover all existing and future financing schemes guaranteed by SJPP, such as the working capital guarantee scheme and pemulih government guarantee scheme.