AmBank and CGC to provide an additional RM400mil in SME financing

The bank said that close to RM5bil has already been allocated for the benefit of more than 6,000 SMEs.

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

The bank, in a statement, said a total of close to RM5bil has already been allocated for the benefit of more than 6,000 SMEs since the launch of the SME Portfolio Guarantee Scheme in January 2015.