Tuesday , 27 July 2021
Home / Business Info / Ambank allocates RM300mil more for SMEs

Ambank allocates RM300mil more for SMEs

Monday, 8 August 2016


KUALA LUMPUR: AmBank (M) Bhd has allocated an additional RM300mil in working capital financing for small medium enterprises (SMEs) under its Portfolio Guarantee Scheme.

This is the second tranche after the earlier RM300mil allocated in January this year under Ambank Islamic’s Portfolio Guarantee agreement with Credit Guarantee Corporation Malaysia Bhd (CGC).

Ambank Islamic CEO Eqhwan Mokhzanee signed the agreement with CGC on Monday.

He said financing for SMEs currently accounted for over 10% of Ambank Islamic’s portfolio.

“We hope to double this figure in the next three to four years,” he told reporters after the signing ceremony.

Source by: The Star Online

Check Also

Vast opportunities for foreign franchise firms in Malaysia

Friday, 2 June 2017 HO CHI MINH CITY: Malaysia offers vast opportunities for franchise companies …

Kuching :SMEs are required level of quality products and services

Thursday 27 April Small and medium enterprises (SMEs) in the country are required to continuously …

Leave a Reply

WooCommerce Themes Free