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34 EMPOWERING EXIM BANK MALAYSIA
GROWTH

ACTING CHIEF EXECUTIVE OFFICER
REVIEW

Dear Valued Stakeholders,
In 2021, the Export-Import Bank of Malaysia (EXIM Bank, EXIM or the Bank) stayed committed in supporting the
economy by fulfilling our mandate to assist SMEs with cash flow issues and facilitating their loans.
We also maintained profitability by sustaining our income streams, leveraging risk through prudent decision making,
and strengthening outreach and engagements.

The Malaysian banking system displayed resilience in 2021 despite the challenging operating environment against
extended movement restrictions, moratoriums, and repayment assistance.

The unleashing of another nationwide movement control order managing and preserving the fund that it was entrusted with,
(MCO 3.0) led to subdued domestic business and consumer to deliver our developmental role. Net impaired loans reduced
sentiment for most of the year. The Malaysian government to 12.19% from 13.45% in 2020. In addition, contribution from
responded with the timely rollout of various packages and our Islamic Banking business also continued to grow and
assistance in the form of economic stimulus packages and represented 48.6% of operating revenue this year.
financial aid to address the economic hardships arising from
the impact of the pandemic. As the only Development Financial Institution (“DFI”) mandated
by the Malaysian government to promote the development

FY2021 FINANCIAL REVIEW of cross-border ventures, the Bank’s role remains vital to
facilitate and support exporters/local companies going abroad.
Despite the challenging economic environment, the Bank Global confidence in the Bank was evident when EXIM
continues to engage with business communities to generate successfully issued USD Bond offering of USD350 million
loan applications and sustained profitability at RM51.1 million. 5 years senior unsecured notes in November 2021.
The achievements indicated the Bank’s commitment in