AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme

From left: AmBank group CEO Jamie Ling, AmBank managing director, retail banking, Aaron Loo, CGC chief business officer Sean Tan and CGC president/ CEO Datuk Mohd Zamree Mohd Ishak.

KUALA LUMPUR: AmBank Group has announced an additional RM400mil financing under the SME Portfolio Guarantee Scheme with guarantee from Credit Guarantee Corp Malaysia Bhd (CGC).

The bank, in a statement, said a total of close to RM5bil have been allocated and has benefitted more than 6,000 SMEs since its launch in January 2015.