Credit Guarantee Corporation Malaysia Berhad (CGC) is again given the honour to host the 27th Asian Credit Supplementation Institution Confederation (ACSIC) Training Programme 2017 (ATP 2017) from 24th September to 27th September 2017, at the Royale Chulan Kuala Lumpur. This is the third time Malaysia is given the privilege to organise the programme after having hosted it in 1991 and 1996.
ATP 2017 gathers 46 participants from 14 credit guarantee institutions representing 10 ACSIC member countries namely Indonesia, Japan, Malaysia, Mongolia, Nepal, Philippines, South Korea, Sri Lanka, Taiwan and Thailand.
With this year’s theme “Credit Supplementation Institutions: Going Beyond Guarantee for SMEs”, the training programme will serve as a platform for knowledge sharing, information exchange and to derive innovative ideas amongst the participants.
The focus for ATP 2017 is to strengthen the role of credit supplementation institutions, and to explore the avenues in which the participating Credit Supplementation Institutions could venture into, in order to remain relevant and competitive in the SME financing ecosystem.
According to CGC’s President and Chief Executive Officer, Datuk Mohd Zamree Mohd Ishak: “As the leading financial provider and supporter of the SMEs in Malaysia, CGC shall continue to guide and assist the SMEs to be bold in their strategies so as to move to the next level. The ATP 2017 is a great platform for all of participants to share knowledge and ideas, develop comprehensive and thoughtful blueprints that would chart our path in the coming challenging years.”
“We are honoured to be given the mandate to host this year’s training programme as it provides many opportunities for ACSIC members to deepen our relationship so as to promote greater collaboration for the benefit of SMEs in Asia,” he added.
ABOUT CGC
Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972 and it is 78.65% owned by Bank Negara Malaysia and the remaining 21.35% owned by various commercial banks in Malaysia.
The core business of CGC is to assist SMEs, especially those with inadequate or without collateral and track record, to obtain credit facilities from financial institutions by providing guarantee cover on such facilities. CGC has availed over 444,700 guarantees and financing to SMEs valued over RM63.7 billion since its establishment.
CGC’s support for SMEs is not only confined to the provision of loan guarantees and financing facilities, but also credit information and credit rating services through its subsidiary Credit Bureau Malaysia. Through the Bureau, CGC assist SMEs to build a credit history and track record to enhance their credibility and bankability to secure financing on their own merit and at reasonable cost.
Other funds currently managed by CGC include the Green Technology Financing Scheme (GTFS) and the Bumiputera Entrepreneur Project Fund (TPUB-i) with a total allocation of RM3.5 billion and RM300 million respectively. To date, CGC had managed a total of 45 guarantee and financing schemes including 16 government-backed schemes.
Currently, seventeen (17) Commercial Banks, fifteen (15) Islamic Banks, and seven (7) Development Financial Institutions (DFIs) are participating in CGC’s guarantee schemes in providing financing to customers through a wide network of more than 2,600 branches nationwide to avail financing.