Page 36 - EXIM-BANK-AR20
P. 36
34 EXIM BANK MALAYSIA
Annual Report 2020
MANAGEMENT
DISCUSSION AND ANALYSIS
OVERVIEW OF EXIM BANK’S As at 31 December 2020, the Bank had an issued and paid-up share capital of
BUSINESS OPERATIONS RM2,958,665,284 comprising the following:
The Bank’s legal and commercial name 2,708,665,282 ordinary shares owned by
is Export-Import Bank of Malaysia MOF (Inc.)
Berhad, having its registered office
at EXIM Bank, Jalan Sultan Ismail, 1 ordinary share owned by
Federal Lands Commissioner of Malaysia
50250 Kuala Lumpur, Malaysia. Initially
established as the “International
Division” of Bank Industri and Teknologi 1 special right redeemable preference share owned by MOF (Inc.)
Malaysia Berhad (BITMB), the Bank
was subsequently incorporated on
250,000,000 Redeemable Cumulative and Convertible Preference Share
29 August 1995 as a government-owned (RCCPS) owned by MOF (Inc.)
Development Financial Institution (DFI),
under the Companies Act, 1965 of
Malaysia, through it becoming a
subsidiary of BITMB. As a DFI, the MOF (Inc.), as the shareholder of the special right redeemable preference
Bank is governed by the Development share, has the right to appoint no more than four members out of the
Financial Institutions Act 2002 (DFIA). maximum 12 members to the Bank’s Board of Directors (the Board), including
It was then spun off as an independent the appointment of the Chairman. As of December 2020, there is one
representative from MOF (Inc.) on the Board. Any appointment to the Board and
institution in 2005 to function as a
of the Chief Executive Officer of the Bank is subject to the approval by
standalone DFI focused on export credit MOF (Inc.). The Bank’s Board currently comprises the Chairman (who
activities. On 30 December 2005, the is also an independent non-executive director), four other independent
Bank went on to merge with Malaysia non-executive directors, two non-independent non-executive directors
Export Credit Insurance Berhad and (one being a representative from MOF (Inc.) and the other being a
representative from Ministry of International Trade and Industry (MITI)).
retained the name Export-Import Bank
of Malaysia Berhad.
THE BUSINESS OF THE BANK
EXIM Bank is the only DFI in Malaysia dedicated to promoting the development
of cross-border ventures through the provision of financing and insurance/takaful
facilities to Malaysian entities conducting their business overseas. As an agency
owned by MOF (Inc.) and now under the purview of MITI, the Bank’s mandated
role is to provide credit facilities to finance and support export and import of
capital goods, services, infrastructure projects, shipping and value-added
manufacturing by facilitating the entry of Malaysian companies into new markets
abroad with an emphasis on non-traditional markets, where there is limited
participation from commercial banks. The Bank also provides export credit
takaful services, overseas investments and guarantee facilities.
