KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB Bank) have partnered with Credit Guarantee Corporation Malaysia Bhd (CGC) to offer an additional RM1.5 billion in financing through a portfolio guarantee scheme for small and medium-sized enterprises (SMEs).
CIMB co-chief executive officer of group commercial and transaction banking, Ahmad Shazli Kamarulzaman, said the partnership has brought the bank’s current working capital financing to RM6.5 billion as it supports SMEs with wider scopes of financing for environmental, social, and governance (ESG) adoption, digitalisation, and investment in strategic technology.
