AmBank Islamic, CGC sign RM300m portfolio guarantee

KUALA LUMPUR: AmBank Islamic and Credit Guarantee Corp Malaysia Bhd (CGC) have signed a portfolio guarantee (PG) to extend an additional RM300 million of financing to small and medium-sized enterprises (SMEs).

This second tranche of financing is expected to be taken up over the next six months.

This is a continuation of the PG scheme launched in January 2015 where a sum of RM300 million was allocated and fully subscribed by September 2015.

AmBank also launched two financing packages, AmBank BizSolutions Kontrak and the enhancement of the current financing package AmBank BizSolutions 2Trad3, which offers financing products and solutions tailored for commercial and SME customers.