KUALA LUMPUR: Malayan Banking Bhd
(Maybank) and Credit Guarantee Corp Malaysia Bhd (CGC) have announced a new RM1bil tranche under the portfolio guarantee (PG) scheme to support small and medium enterprises (SMEs) with improved access to financing.
In a statement, Maybank said the initiative reflected its focus on ensuring that access to financing translated into real economic activity, while making it more accessible for SMEs.
“As part of the new RM1bil commitment, Maybank will introduce a new PG/-Islamic sustainable finance scheme for SMEs that have proactively transitioned their business operations towards more sustainable practices. The scheme supports businesses that are making progress, recognising that sustainability is a journey while encouraging continuous improvement that delivers positive outcomes for businesses, the community and the environment,” it added.
Maybank said financing for other business needs is also available under the various PG financing schemes, including working capital, business expansion and supply chain, with financing amounts ranging from RM10,000 to RM1.5mil.
It said SMEs may apply for the various schemes via Maybank2u through its SME digital financing platform.
Maybank president and group chief executive officer Datuk Seri Khairussaleh Ramli said Maybank is not just providing funding through its expanded collaboration with CGC but is also enabling SMEs to invest with confidence, scale their operations, and build businesses that last. — Bernama
