CREDIT GUARANTEE CORPORATION (M) BERHAD

Company name
CREDIT GUARANTEE CORPORATION (M) BERHAD
Address
NO 5, GROUND FLOOR, KOMPLEKS PERNIAGAAN UTAMA SULTANAH SAMBUNGAN, LEBUHRAYA SULTANAH BAHIYAH, 05350 ALOR SETAR KEDAH., Alor Star , Kedah, Malaysia
Phone
04-7312300
Mobile phone
012-4209798
Fax
04-7341500
Contact Person
siti
Establishment year 1972
Employees 501-1000
Company manager Dato Wan Azhar

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Company Details

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Description
Credit Guarantee Corporation Malaysia Berhad (CGC) is a limited company incorporated under the Companies Act 1965 on July 5, 1972. Its main objective is to play a developmental role in supporting the country’s economic development agenda by assisting marginal but potentially viable small and medium scale enterprises (SMEs), particularly enterprises without collateral or with inadequate collateral and track record, to obtain financing from the financial institutions. CGC facilitates SMEs access to financing through its guarantee schemes.

In its formative years, CGC’s main aim was to assist the small enterprises particularly in agricultural, commercial and industrial sectors. As the Malaysian economy expanded and diversified over the years, the demand for CGC’s guarantee services also grew in tandem. This has lead CGC to expand its range of products and services to cater for larger credit facilities required by the medium-sized SMEs.

Today, CGC’s support for SMEs is not only confined to the provision of loan guarantee and financing facilities, but also advisory services such as financial and business development, credit information and credit rating services in collaboration with SME Corp and Credit Bureau Malaysia Sdn.Bhd. Through the Bureau, CGC help SMEs to improve their creditworthiness and bankability to enable them to secure favourable financing and credit terms from the banks and other credit grantors on their own merit.

In recent years, CGC have forged strategic alliances with fellow banking partners to offer innovative financing options and delivery channels that are cost-effective and efficient to enhance SMEs access to financing.

To date, CGC have been instrumental in the establishment of more than 420,000 SMEs, guaranteeing close to RM51.4 billion.

The current shareholders of CGC are Bank Negara Malaysia (Central Bank of Malaysia) and commercial banks licensed in Malaysia operating with a total of more than 2,600 branches nationwide.
Shareholders

Institutions % Shareholding
Bank Negara Malaysia 78.65%
Others 21.35%

Authorised Share Capital : RM3.0 billion shares of RM1 each

- Preference Shares : RM500 million shares of RM1 each
- Ordinary Shares : RM2.5 billion shares of RM1 each

Issued and Fully Paid : RM1,785.6 million shares of RM1 each

Working hours
  • Monday:8.30 a.m. - 5.30 p.m.
  • Tuesday:8.30 a.m. - 5.30 p.m.
  • Wednesday:8.30 a.m. - 5.30 p.m.
  • Thursday:8.30 a.m. - 5.30 p.m.
  • Friday:8.30 a.m. - 5.30 p.m.
  • Saturday:Closed
  • Sunday:Closed

Verified business

Company profile is confirmed by company owner / representative person / directory administrator.
Last update: February 2014 - View Status

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