Public Bank, Credit Guarantee Corp collaborate to extend RM1bil in financing to SMEs

From left: CGC chief business officer Sean Tan, Public Bank managing director and CEO Tan Sri Tay Ah Lek, CGC president and CEO Datuk Mohd Zamree Mohd Ishak and Public Bank deputy CEO Datuk Chang Kat Kiam

KUALA LUMPUR: Public Bank Bhd, in a strategic collaboration with Credit Guarantee Corporation Malaysia Bhd (CGC), is extending RM1 billion in financing to small and medium enterprises (SMEs) across Malaysia.

CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak said for RM1 billion financing guaranteed by CGC, RM280 million has been disbursed, with an additional RM150 million to be launched today.