RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil

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The Star 5h ago

RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil - The Star

Quick Summary:

KUALA LUMPUR: RHB Bank Bhd has signed a portfolio guarantee worth RM400 million with Credit Guarantee Corporation Malaysia Bhd.

CGC supports financial institutions and development finance institutions by providing its guarantee, which reduces their risk.

"By joining forces, FIs, DFIs and CGC make it easier for MSMEs to secure the funding needed to adopt sustainable practices and contribute to Malaysia’s economic growth,” he added.