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32 EMPOWERING EXIM BANK MALAYSIA
GROWTH

CHAIRMAN’S STATEMENT

In the Name of Allah, the Most Beneficent, the Most Merciful.
It has been nearly six months since I was appointed as Chairman of EXIM Bank. During this period, I have had the
opportunity to meet and interact with many people across the Bank and business community.
My previous role has been closely linked with the economic development of the country, and having gained a better
understanding of the Bank with each new experience, I feel honoured to be a part of an organisation that remains
true to its mandated role as a development bank, particularly in providing opportunities for Malaysian businesses to
penetrate the global market, while also delivering value to the Bank’s stakeholders for the past 27 years.

The Bank is committed in undertaking efforts that will prospects among some commodity-exporting economies.
strengthen its foundation and enable robust and sustainable As highlighted by Bank Negara Malaysia (“BNM”), Malaysia’s
growth over the long term. economy expanded to 3.1% from negative growth the year
before. Growth was supported by the increase in economic
Since its incorporation, EXIM Bank has managed to activities, as containment measures were progressively
establish a significant presence in key economic sectors relaxed amid continued policy support.
such as transportation, storage & communication (30%),
manufacturing (18%) and construction (17%). The Bank has Taking stock of the year in review, the prolonged pandemic
been essential in ensuring Malaysia’s economic expansion had shaken the global economy and affected businesses,
and will continue to work with a diverse range of clients made worst by border control and closures. Amidst the
and industries in providing trade and non-trade financing, challenges, the Bank carried on engaging with its affected
trade credit insurance/takaful, and advisory services for customers by providing much-needed financial relief by
cross-border ventures. The year ahead is expected to be rescheduling and restructuring its existing financing and
challenging, but I am optimistic about our growth trajectory. providing moratorium to eligible customers. In December 2021,
EXIM had assisted 10.38% of its customers, who had applied
FY2021 – THE CONTINUING GLOBAL CRISIS for these supports. During the major flood that took place
in December, the Bank had also utilised the BNM Disaster
The global economy grew 5.5% in 2021, limited by supply Relief Fund of RM1.4 million, in providing further support to
chain disruptions, although this was partly offset by near-term EXIM Bank’s customers impacted by the disaster.