CGC, Public Bank launch facility to support MSMEs


Public Bank managing director and CEO Tan Sri Tay Ah Lek.

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and Public Bank Bhd have introduced a RM700mil financing facility aimed at widening access to credit for micro, small and medium enterprises (MSMEs).

The initiative, launched yesterday, represented the bulk of the RM1bil portfolio guarantee (PG) announced by the two institutions last year, and was expected to support more than 2,500 MSMEs nationwide.

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