Alliance Bank Malaysia Bhd and Credit Guarantee Corporation Malaysia Bhd (CGC) is providing up to RM2 billion in financing support for small and medium enterprises (SMEs), aimed at improving access to funding for business growth and working capital needs.
Under a newly signed portfolio guarantee agreement, Alliance Bank will provide the financing facilities while CGC will offer guarantee support, enabling more SMEs, particularly those with limited collateral, to secure funding.
The initiative is designed to help businesses strengthen operations, pursue expansion plans, accelerate digitalisation and navigate a challenging economic environment.
Alliance Bank Group Chief Executive Officer Kellee Kam said the collaboration would help remove financing barriers that often hinder viable businesses from accessing capital.
The portfolio guarantee structure allows the bank to extend financing more efficiently while maintaining prudent risk management standards.
CGC President and Chief Executive Officer Mohamed Nazri Omar said the RM2 billion facility would support SMEs at different stages of growth by improving access to financing for working capital and expansion activities.
Since 2018, Alliance Bank has disbursed nearly RM3 billion under various CGC-backed schemes, benefiting more than 5,000 SMEs nationwide.
The latest partnership marks an expansion of efforts by both institutions to strengthen financial inclusion and support the resilience of Malaysia’s SME sector.
