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AmBank, SDB offer RM100 mil financing to help Sabah SMEs

KUALA LUMPUR (Jan 21): AmBank Group and Sabah Development Bank Bhd (SDB) are offering RM100 million worth of financing to help small and medium enterprises (SMEs) in Sabah weather the financial impact of the Covid-19 pandemic.
The initiative is part of the Sabah SME Guarantee Scheme, a financing facility, designed with the primary objective of providing working capital, exclusively for SMEs in the State.
AmBank group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir said the facility will be made available in the first quarter of 2021, on a first come, first served basis.
AmBank will be providing the funding, while SDB will guarantee a certain amount of the financing issued. ....

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