Public Bank, Credit Guarantee Corp collaborate to extend RM1bil in financing to SMEs

Quick Summary:

KUALA LUMPUR: Public Bank Bhd, in a strategic collaboration with Credit Guarantee Corporation Malaysia Bhd (CGC), is extending RM1 billion in financing to small and medium enterprises (SMEs) across Malaysia.

"As the largest SME financier of the nation with a market share of 17.5 per cent in Malaysia’s SME financing segment, our partnership with CGC reaffirms our commitment to foster sustainable SME development.

"This is to meet the additional financing needs of SMEs, in line with the expected further improvement in the Malaysian economy,” he said in a statement today.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: SMEs /Business/Business News Financing Banking Public Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 18:51:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22423575

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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