RM500 million partnership expands financing access and supports sustainable growth for Malaysian businesses
AFFIN Group (AFFIN) and Credit Guarantee Corporation Malaysia Berhad (CGC Malaysia) have signed a RM500 million Memorandum of Understanding (MoU) to expand financing access for Micro, Small and Medium Enterprises (MSMEs) and Mid-Tier Companies (MTCs) across Malaysia.
The partnership marks a milestone in efforts to close critical funding gaps, particularly for underserved and underbanked businesses. Anchored on financial inclusion and sustainable growth, the collaboration will see the rollout of structured guarantee schemes that provide innovative solutions such as working capital support, guarantee-backed facilities, and tailored financing for start-ups and early-stage ventures.
In line with Malaysia’s push towards a low-carbon economy, the initiative will also prioritise sustainable financing, enabling businesses to innovate, scale, and contribute to national growth while aligning with responsible environmental practices.
“By combining our strengths, AFFIN and CGC are expanding access to financing while equipping MSMEs and mid-tier companies with the tools they need to thrive,” said Datuk Wan Razly Abdullah, President & Group CEO of AFFIN Group. “This MoU reflects our commitment to empower the backbone of Malaysia’s economy with opportunities that create long-term value for businesses, communities, and the nation.”
Echoing this, Datuk Mohd Zamree Mohd Ishak, President & Group CEO of CGC Malaysia, noted that the agreement also reflects CGC’s commitment to Sabah and Sarawak.
“Signing this MoU in Kuching symbolises our confidence in East Malaysia’s potential. We aim to strengthen the resilience of local enterprises while expanding financing access nationwide.”
The signing ceremony was witnessed by Dato Sri Dr. Wan Lizozman Wan Omar, State Financial Secretary of Sarawak, alongside leaders from AFFIN and CGC. The event was followed by “Malam Penghargaan Kumpulan CGC” in Kuching, honouring the contributions of Sarawak’s MSMEs and recognising the support of government, financial institutions, and trade partners in building a robust SME ecosystem.
With this collaboration, thousands of enterprises across key industries are expected to benefit, driving job creation, market competitiveness, and a more resilient Malaysian business landscape.
