The RM100 million revolving credit facility is the first sustainability-linked loan to be provided to a financial institution in Malaysia
KUALA LUMPUR, Jan 19 (Bernama) — Sabah Credit Corporation (“SCC”) has secured an RM100 million sustainability- linked loan (“SLL”) in the form of a revolving credit facility from CIMB Bank Berhad (“CIMB” or “the Bank”). This makes SCC the first statutory body from East Malaysia and the first financial institution in Malaysia to have secured a loan that is linked to sustainability performance targets (“SPTs”). Through this SLL, SCC seeks to intensify its efforts to catalyse socio-economic development in Sabah whilst demonstrating its firm commitment towards driving measurable positive impacts in the community.
