4 days ago
OCBC Al-Amin launches RM100mil PG-i scheme with CGC to boost Bumiputera and women-led SMEs
From left: OCBC Bank (M) Bhd managing director and head of emerging business Chan Kok Leong, OCBC Al-Amin Bank Bhd CEO Tuan Syed Abdull Aziz Syed Kechik, Credit Guarantee Corporation Malaysia Bhd (CGC) president & CEO Datuk Mohd Zamree Mohd Ishak and CGC chief business officer Sean Tan.
KUALA LUMPUR: OCBC Al-Amin Bank Bhd has signed a RM100mil Islamic Portfolio Guarantee-i (PG-i) agreement with Credit Guarantee Corporation Malaysia Bhd (CGC) to support the growth of Bumiputera and women-led enterprises.
Prior to this, OCBC Al-Amin had already disbursed a total of RM268mil in PG-i schemes with CGC since 2017.
In a statement, The bank said the latest PG-i tranche offers up to 50% of the approved financing without collateral, with a maximum loan amount of RM600,000 and a tenure of up to seven years.
OCBC Al-Amin CEO Tuan Syed Abdull Aziz Syed Kechik said the RM100mil PG-i scheme aimed to support the growth of Bumiputera and women-led enterprises.
'We are committed to fostering inclusive economic growth by empowering Bumiputera and women entrepreneurs. Through targeted financial solutions and strategic partnerships, we aim to enhance access to financing and market opportunities for SMEs led by these communities.
'We look forward to nurturing sustainable business growth, driving innovation and unlocking the full potential of Malaysia's diverse business community,' he said.
OCBC Al-Amin said that while the latest PG-i scheme targets Bumiputera and women-led enterprises, but is open to all SMEs nationwide.
OCBC Al-Amin said While the Bank's latest PG-i scheme is aimed at benefitting Bumiputera and women-led enterprises, it is open to all small and medium enterprises (SMEs) in the country.
CGC president & chief executive officer, Datuk Mohd Zamree Mohd Ishak said: 'The new RM100mil PG-i tranche reflects a strategic push to channel financing where it can generate meaningful economic impact. By focusing on Bumiputera and women-led MSMEs, we are not only addressing financing gaps but also empowering segments that are vital to Malaysia's future growth.'
For more information, visit Entrepreneur Fund-i | OCBC Al-Amin
