The 2024 PG Sales Challenge Award winners celebrating their win together with Mohd Zamree (centre), CGC Malaysia chief business officer Sean Tan (Zamree’s left) and VIPs at the launch of CGC’s latest credit guarantee solutions designed to assist MTCs in accessing financing.
KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) has achieved a significant milestone in Malaysia’s financial sector with the official launch of two new guarantee schemes – BizJamin-i MTC and BizJamin MTC – designed to support mid-tier companies (MTCs).
These guarantee schemes aim to improve capital accessibility for MTCs, offering financing guarantees of up to RM60mil per group, with a guarantee tenure of up to 15 years through Participating Financial Institutions (PFIs).
Covering a wide range of financing options – including term financing, cash line facilities and trade facilities – this initiative seeks to overcome persistent financing challenges faced by MTCs that often impede business growth.
The launch event, held at the InterContinental Kuala Lumpur, was officiated by CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak, alongside distinguished industry leaders, financial partners and stakeholders.
Mohd Zamree delivering his welcome remarks during the official launch of CGC’s two new guarantee schemes at the InterContinental Kuala Lumpur.
MTCs play an outsized role in Malaysia’s economic framework.
“For over five decades, CGC has supported financial inclusion, ensuring Malaysian micro, small and medium enterprises (MSMEs) are not constrained by a lack of capital or collateral,” Mohd Zamree said at the launch event.
“Given CGC’s strong capital position and track record, we are extending that commitment to Malaysian MTCs with our tailored credit guarantee solutions – BizJamin-i MTC and BizJamin MTC, to help MTCs scale and innovate.
“These schemes are strategic solutions for sustainable growth and transformation.”
CGC is extending its support for MTCs with a range of enhanced guarantee offerings: > Higher guarantee support: Up to 80% coverage or RM20mil (unsecured portion) of the financing from PFIs; > Competitive base guarantee fees: Ranging from 0.50% to 1.50% per annum; > Inclusive access: Open to all eligible MTCs across industries.
Mohd Zamree (left) and Tan (right) with the Top Sales Guarantee Achiever Award recipients at the InterContinental Kuala Lumpur.
This enhanced support framework aims to empower MTCs with greater financial confidence, allowing them to expand operations, increase resilience and compete more effectively in both local and international markets.
Mohd Zamree expressed his appreciation to the PFIs and regulatory partners for their unwavering dedication to realising this initiative.
He also took the opportunity to congratulate the 11 recipients of CGC’s PG Sales Challenge Award and the Top Sales Guarantee Achiever Award, acknowledging their outstanding performance and contributions to the industry.
Ng (centre) and Toh (left) during an insightful fireside chat session, discussing how MTCs can collaborate with the financial industry to boost domestic direct investment (DDI) in Malaysia. It was moderated by CGC strategic management and communications head Azman Idrus.
As Malaysia continues to enhance its business financing ecosystem, CGC remains committed to broadening financial accessibility, empowering unserved and underserved businesses and reinforcing the nation’s standing as a leading regional economic powerhouse.
For more information about the institution and its offerings, visit https://www.cgc.com.my/en-us.
