CGC seeks to approve RM4.9bil loans this year
Referral platform: Johari (second from right) holding a memento after officiating at the launch of CGC’s imSME loan / financing referral platform. Looking on are (from left) Bank Negara deputy governor Jessica Chew, Agil and Mohd Zamree.
KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) is targeting to approve RM4.9bil worth of financing to benefit about 9,000 small and medium enterprises (SMEs) this year, up 44% from 2017.
CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak said the growth will be underpinned by the solid, ongoing infrastructure projects in the country.
“We’re confident of achieving this financing targets of RM4.9bil. We’ve been in it for over 45 years and we did fairly well last year – reaching out to 8,600 SMEs valued at RM3.4bil,” he said at a press conference after the launch of CGC’s imSME loan / financing referral platform, yesterday.
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