CGC eyes 25% increase in guarantee issuances this year

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KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) is targeting to grow its guarantees issuances by 25 per cent this year from RM5.1 billion achieved in 2023.

In 2023, CGC provided financial assistance to over 10,000 MSMEs, and non-financial assistance to over 8,800 MSMEs.

CGC president and chief executive officer Datuk Mohd Zamree Mohd Ishak.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Target Banks Corporate News Mohd Zamree Mohd Ishak Guarantees CGC /Business/Business News SME

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 20:41:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21674386

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 45 posts per day

Year Established: 1971

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News Last Updated: 2 hours ago

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