Let the fund begin: (From left) Syed Abdull Aziz, Ooi, Agil and CGC chief executive officer Mohd Zamree Mohd Ishak at the launch of RM1Bil SME wholesale guarantee agreement between the two institutions.
CREDIT Guarantee Corporation Malaysia Bhd (CGC) and OCBC Al-Amin Bank Bhd (OCBC Al-Amin) have announced that they will be increasing the country’s first and only SME wholesale guarantee to RM1bil before the end of this year.
The fresh RM500mil from this move will be made available in two tranches of RM250mil each in May and December, following the two successful earlier tranches of the same amount in April and November last year.
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