CGC bags Karlsruhe Award for the third consecutive year

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KUALA LUMPUR, July 14- Credit Guarantee Corporation Malaysia Berhad (CGC) received the Karlsruhe Sustainable Finance Certificate of Merit for the third consecutive year today.
The Certificate of Merit, an unprecedented back-to-back recognition for CGC’s extraordinary performance in enabling access to financing for Bumiputera contractors involved in the second phase development of the Mass Rapid Transit (MRT) project, under Tabung Projek Usahawan Bumiputera-i (TPUB-i). The TPUB-i has also offered financing access to various other high-impact national infrastructure projects such as the MRT, LRT, Pan Borneo Highway & Pengerang Integrated Petroleum Complex.

CGC President/CEO Datuk Mohd Zamree Mohd Ishak received the certificate from Lord Mayor Dr. Frank Mentrup on behalf of the CGC in the Karlsruhe Sustainable Finance Award Ceremony held in conjunction with the Global Sustainable Finance Conference in Germany, today.

Zamree said: “Winning the Certificate of Merit is a validation of our commitment and leadership in practicing sustainability in all layers of our operations. We are delighted to be presented with this Certificate of Merit. It is a testimonial to the unwavering support that we have enjoyed from our clients over the years, coupled with the hard work we have invested in line with our five-year strategy ‘To be the Household Name for SMEs by 2020’.”

The Karlsruhe Sustainable Finance Award honours financial institutions and organisations with significant contribution to the field of sustainable financing. Karlsruhe is a forward thinking, cultured city in Germany. It is a hub of science and technology, Germany’s online capital and the home of the Federal Court of Justice.

In June 2015, CGC won the Karlsruhe Sustainable Finance Award for The BizMula-i product, under Best Innovation in Financial Services category.
Last year, CGC was awarded the Certificate of Merit under the best innovation in Sustainable Financial Products and Services category for BizWanita-i at the Karlsruhe Sustainable Finance Awards 2016.

TPUB-i was launched in 2009, to provide easy access to Bumiputera SMEs with up to RM3 million in financial assistance for first time applicants and up to RM5 million for subsequent applications. Since its inception, RM1.06 billion has been approved benefiting over 1440 Bumiputera Contractors.

CGC’s President/CEO Datuk Mohamad Zamree Mohd Ishak received the Certificate of Merit from Lord Mayor Dr. Frank Mentrup (2nd left), accompanied by Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Secretary General, Mr. Octavio B. Peralta and European Organization for Sustainable Development (EOSD) CEO, Mr. Arshad Rab at Karlsruhe, Germany.

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