BCorp's associated firm CBC to maintain double-digit growth

BCorp's associated firm CBC to maintain double-digit growth

2 months ago

KUALA LUMPUR: Berjaya Corp Bhd's (BCorp) associated company Chailease Berjaya Credit Sdn Bhd (CBC) is expected to maintain its current double-digit annual growth rate with focused expansion on financing new motorcycles, said MARC Ratings Bhd.

Established as a non-bank financial institution, CBC - a 70:30 joint venture between Chailease Holding Co Ltd (CHC) and BCorp - is primarily involved in hire purchase financing of second-hand passenger cars and new motorcycles.

MARC said since commencing operations in the fourth quarter of 2015, CBC's financing portfolio had grown sharply at a compounded annual growth rate of 36.8 per cent from 2017 to 2021.

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