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CGC appoints Suhaimi Ali as non-independent non-executive director
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Bank Negara Malaysia (BNM) Assistant Governor Suhaimi Ali as its new non-independent non-executive director, effective April 28, 2022.
ENSURING SME SUSTAINABILITY
CGC aims to assist MSMEs by easing their access to financing and advisory services
CGC appoints Anthony Lim as independent non-executive director
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has appointed Anthony Lim Choon Eng as independent non-executive director effective April 1, 2022.
CGC offers flood relief financing to small business
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) is offering its BizBina-i financing to assist micro, small and medium entrepreneurs (MSMEs) whose business operations have been affected by the recent floods.
Offering advisory services to MSMEs
OBTAINING proper financing to expand one’s business venture is one of the common obstacles faced by many micro, small and medium enterprises (MSMEs).
Bank Pembangunan completes purchase of Danajamin
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has completed the conditions in the acquisition of Danajamin Nasional Bhd which will make it a wholly-owned subsidiary.
CGC and OCBC Bank cross RM2bil mark in wholesale guarantees
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) and OCBC Malaysia have crossed the RM2bil mark in wholesale guarantees (WG) for unsecured small and medium enterprise (SME) financing.
RAM Ratings: Bank Pembangunan’s purchase of Danajamin has no impact on AAA ratings
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd’s acquisition of Danajamin Nasional Bhd will allow the enlarged entity to have a greater market impact, cementing its strategic importance, RAM Ratings says.
Nazir Razak calls for rapid consolidation of DFIs
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) chairman Datuk Seri Nazir Razak has called for the rapid consolidation of Development Financial Institutions of (DFIs) in the country as there are too many sub-scale DFIs with overlapping mandates.
More than a quarter of SME loans given to first-time borrowers in 1H21
KUALA LUMPUR: More than a quarter of approved small and medium enterprise (SME) loans were to first-time borrowers during the first half of this year, while approved loans to young SMEs -- those established for not more than three years -- made up almost 20 per cent of the total volume of SME loans approved.
