PG Signing Ceremony with CIMB
CGC at the Portfolio Guarantee-i Strategic Partnership Signing Ceremony - FORWARDING SMEs TOGETHER held at Menara CIMB, Kuala Lumpur on 26 April 2019. CGC entered into a strategic partnership with CIMB Bank and CIMB Islamic to provide SMEs access to RM2 billion in financing through CGC’s Portfolio Guarantee-i scheme. The strategic partnership was signed by KJ Balan, Head, SME Banking Malaysia, Group Commercial Banking, CIMB Bank and Leong Weng Choong, Chief Business Officer of CGC, witnessed by Dato' Mohamed Ross Mohd Din, Chairman of CIMB Islamic Bank Berhad; Rafe Haneef, CEO, Group Islamic Banking, CIMB Group; Choong Tuck Oon, Director, CGC and Datuk Mohd Zamree Mohd Ishak, President/CEO, CGC. This financing scheme will see CIMB Bank and CIMB Islamic disburse up to RM2 billion through Portfolio Guarantee-i, an Islamic working capital financing where 70% of the loan amount is guaranteed by CGC, without collateral. Financing amount is up to RM1 million per customer, with maximum tenure of seven years. #CGC #CGCMalaysia #cimbbank #cimbislamic #forwardingsmestogether #PortfolioGuarantee