StanChart, CGC sign portfolio guarantee deal

From left: Sean Tan, Chief Business Officer, CGC Malaysia; Datuk Mohd Zamree Mohd Ishak, President and CEO, CGC Malaysia; Mak Joon Nien, CEO, Standard Chartered Malaysia; Bilal Parvaiz, CEO, Standard Chartered Saadiq Malaysia and; Sammeer, Head of Wealth and Retail Banking, Standard Chartered Malaysia

PETALING JAYA: Standard Chartered Bank Malaysia Bhd and Standard Chartered Saadiq Malaysia Bhd have inked a portfolio guarantee agreement with partner Credit Guarantee Corp Malaysia Bhd (CGC) for a new RM300mil tranche.

The agreement will make banking facilities available to growing small and medium enterprises by supporting them in new market expansion and digital transformation.