Alliance, CGC allocate RM1bil for MSMEs

TheStar Sat, Jun 03, 2023 12:00am - 10 months View Original


KUALA LUMPUR: Alliance Bank Malaysia Bhd has extended its partnership with Credit Guarantee Corp Malaysia Bhd (CGC) and allocated an additional RM1bil under Portfolio Guarantee schemes to help micro, small and medium enterprises (MSMEs).

In a statement, the bank said the partnership would enable eligible MSMEs, even those that lack collateral, to obtain financing of up to RM1mil per MSME to expand their business operations.

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