KUALA LUMPUR, July 12 (Bernama) — AmBank in collaboration with CGC has extended its financing facilities worth RM400 million through the SME Portfolio Guarantee (SPG) Revival Scheme/-i. This is part of the on-going strategic collaboration between AmBank and CGC to assist the small and medium sized enterprises (SMEs) in providing working capital to revive and support their business growth.
Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group said “Despite the challenging domestic and global environment, SMEs remain as a substantial backbone of the Malaysian economy. Having said that, it is crucial for financial institutions to work closely with this sector to support them in restarting their businesses and gearing towards recovery.”