Latest news with #EximBank
The Sun
13-06-2025
- Business
- The Sun
Exim Bank Malaysia to strengthen strategic engagements in Central Asia
KUALA LUMPUR: The Export-Import Bank of Malaysia Bhd (Exim Bank) will focus on strengthening Central Asian ties through strategic engagements to benefit Malaysian businesses and regional partners. In a statement today, it said the initiative includes exploring structured financing solutions for key partners in Uzbekistan, notably a proposed collaboration with Joint-Stock Commercial Bank HamkorBank to support Malaysian companies operating in Uzbekistan and Uzbek importers of Malaysian goods. Hence, the bank's participation in the third plenary session of the Foreign Investors Council in Tashkent has reinforced its commitment to expanding Malaysia's global trade presence. Exim Bank chief business officer Faizah Mustapa said its participation at the high‑level forum signals the bank's strategic intent to support Malaysia's exporters through innovative trade-financing, while exploring joint ventures with Uzbek financial institutions. 'We applaud Uzbekistan's reforms to streamline banking regulations and enhance credit facilities for import‑export activities,' she said. Exim Bank said its participation in the forum aligns with Malaysia's policy to expand investment beyond traditional markets and support the globalisation of Malaysian small and medium enterprises. It also complements Uzbekistan's Vision 2030, which seeks to attract foreign direct investments, increase regulatory transparency, and advance public-private partnership projects in agriculture, manufacturing, infrastructure, and tourism. 'With 36 Malaysian companies operating in Uzbekistan, ties between the two countries continue to grow. 'This was further strengthened by Prime Minister Datuk Seri Anwar Ibrahim's official visit to Uzbekistan in May 2024, followed by a return visit to Malaysia by President Shavkat Mirziyoyev in February 2025, reaffirming their commitment to elevate bilateral relations to a strategic partnership,' it said. The bank said aligning Malaysia's export priorities and Uzbekistan's development strategy offers opportunities across industries such as agriculture, electrical and electronics, tourism and the halal economy. Investment, Trade and Industry Ministry deputy secretary-general Datuk Bahria Mohd Tamil said Malaysia and Uzbekistan have steadily deepened their strategic cooperation across multiple areas – trade, finance, investment and infrastructure – through visionary leadership on both sides. 'Exim Bank is ready to extend comprehensive financing solutions that will further empower Malaysian exporters and strengthen inter‑regional linkages,' said Bahria, who is also the bank's board member. The June 11 forum was co-chaired by Mirziyoyev and European Bank for Reconstruction and Development president Odile Renaud-Basso. Global leaders had convened to explore reforms and opportunities under Uzbekistan's Vision 2030 economic roadmap. – Bernama
The Sun
26-05-2025
- Business
- The Sun
Bank Pembangunan, Exim Bank jointly provide financing for Duta Marine FSO project
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) and Export-Import Bank of Malaysia Bhd (Exim Bank), both part of the BPMB group, today formalised a milestone financing deal with Duta Marine Sdn Bhd for the FSO Permata Dulang Project. In a joint statement, the two banks said this marked their first joint transaction following the merger, reflecting the strengthened synergy and unified strategic direction within the group. They said the financing supports the conversion of an oil tanker into a floating storage and offloading (FSO) vessel. 'The new vessel would replace the ageing FSO Puteri Dulang and ensure continued offshore storage and offloading capabilities for the Dulang Field, an oil production site that has been operational for over 40 years,' they said. The facility structure saw BPMB extending RM555 million while Exim Bank contributing US$37 million (RM156 million) in Islamic facilities, to support the oil tanker's purchase, modification, refurbishment, and mobilisation. 'By ensuring continuity of offshore energy operations, the transaction plays a vital role in maintaining infrastructure reliability and supporting long-term national energy resilience,' they said. Exim Bank was appointed as the exclusive arranger to support Duta Marine's charter contract with Petronas Carigali Sdn Bhd, reflecting confidence in Exim Bank's capabilities in structuring and coordinating complex financing transactions in strategic sectors. 'The project is expected to create jobs during both the conversion and operation phases while ensuring the uninterrupted supply chain for Malaysia's oil and gas exports. 'This will subsequently generate economic spillover effects to key growth regions such as Terengganu and reinforce Malaysia's standing in the global energy sector,' they added. – Bernama
The Star
26-05-2025
- Business
- The Star
BPMB, EXIM Bank provide joint financing for offshore oil and gas milestone
From left: Faizah Mustapa, chief business officer of EXIM Bank Malaysia, Mahyudden Abdul Wahab, director and shareholder of Duta Marine and Mohamed Nazri Omar, managing director, group corporate and investment banking of BPMB after the signing of the FSO Permata Dulang financing agreement KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) and Export-Import Bank of Malaysia Bhd (Exim Bank), both part of the BPMB group, today formalised a milestone financing deal with Duta Marine Sdn Bhd for the FSO Permata Dulang Project. In a joint statement, the two banks said this marked their first joint transaction following the merger, reflecting the strengthened synergy and unified strategic direction within the group. They said the financing supports the conversion of an oil tanker into a floating storage and offloading (FSO) vessel. "The new vessel would replace the ageing FSO Puteri Dulang and ensure continued offshore storage and offloading capabilities for the Dulang Field, an oil production site that has been operational for over 40 years,' they said. The facility structure saw BPMB extending RM555 million while Exim Bank contributing US$37 million (US$1=RM4.21) in Islamic facilities, to support the oil tanker's purchase, modification, refurbishment, and mobilisation. "By ensuring continuity of offshore energy operations, the transaction plays a vital role in maintaining infrastructure reliability and supporting long-term national energy resilience,' they said. Exim Bank was appointed as the exclusive arranger to support Duta Marine's charter contract with Petronas Carigali Sdn Bhd, reflecting confidence in Exim Bank's capabilities in structuring and coordinating complex financing transactions in strategic sectors. "The project is expected to create jobs during both the conversion and operation phases while ensuring the uninterrupted supply chain for Malaysia's oil and gas exports. "This will subsequently generate economic spillover effects to key growth regions such as Terengganu and reinforce Malaysia's standing in the global energy sector,' they added. - Bernama
The Sun
21-05-2025
- Business
- The Sun
Exim Bank seals strategic aerospace partnerships with Naico and PWN Excellence
KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) has forged strategic partnerships with the National Aerospace Industry Corporation Malaysia (Naico) and PWN Excellence Sdn Bhd (PWNE). The alliance aims to boost innovation, financing accessibility and global competitiveness in Malaysia's aerospace sector. The partnerships were formalised with the inking of a memorandum of understanding (MoU) with Naico and an Islamic term financing facility agreement worth RM30.23 million with PWNE at the LIMA 2025, witnessed by Deputy Investment, Trade and Industry Minister Liew Chin Tong. In a statement, Exim Bank said the MoU with Naico provides a collaborative framework to strengthen the aerospace sector, a key industry under the New Industrial Master Plan 2030. Under the agreement, Exim Bank will offer tailored financial solutions, including trade and project financing, export credit takaful and collaboration with equity financing partners to address financing gaps and empower aerospace businesses. 'The Islamic term financing facility agreement with PWNE will support the acquisition of a full flight simulator, expanding Malaysia's aviation training capacity. 'This facility brings Exim Bank's total financing for PWNE to over RM107 million,' it added. Exim Bank president and CEO Nurbayu Kasim Chang said Malaysia's aerospace sector holds immense potential to drive innovation, create high-income jobs and boost global competitiveness. 'Through our partnerships with Naico and PWNE, Exim Bank is delivering the strategic financing and support needed to build world-class capabilities, expand training infrastructure, and position Malaysia as a regional hub for aerospace excellence,' she said. According to Exim Bank, Malaysia's aerospace industry is experiencing rapid growth, backed by RM1.5 billion in approved investments in 2024, with a strong inflow of foreign direct investments. 'As the global aerospace market heads toward US$3 trillion (RM12.8 trillion) by 2035, Malaysia is emerging as a high-value aerospace hub, attracting top players like Boeing, Airbus, Safran, and Rolls-Royce into its thriving aerospace supply chain. 'As such, Malaysia is poised to support the comprehensive supply chain ecosystem, from aeromanufacturing, maintenance, repair and overhaul and engineering, to research and development,' it said. – Bernama
The Star
19-05-2025
- Business
- The Star
Muzaffar is Bank Pembangunan's new group CEO
PETALING JAYA: Bank Pembangunan Malaysia Bhd (BPMB) has appointed Datuk Muzaffar Hisham as its new group chief executive officer (GCEO), effective May 18, 2025. Formerly the GCEO of Maybank Islamic Bhd, Muzaffar brings with him over 20 years of regional banking experience, the development financial institution said in a statement. 'Muzaffar has a proven track record in driving business growth and regionalisation strategies across various sectors, including wholesale and retail banking, investment banking, treasury, asset management and client coverage,' BPMB said. He takes charge shortly after BPMB completed its acquisition and merger with Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Export-Import Bank of Malaysia Bhd (Exim Bank). Effective May 1, both Exim Bank and SME Bank became subsidiaries of BPMB, creating a combined asset base of about RM50bil. 'It is an honour to join BPMB at this important juncture. 'I look forward to working closely with the board, management and stakeholders to build on the bank's strong foundation,' Muzaffar said.
