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36 EMPOWERING EXIM BANK MALAYSIA
GROWTH

MANAGEMENT DISCUSSION

AND ANALYSIS

OVERVIEW OF EXIM BANK’S BUSINESS OPERATIONS
Export-Import Bank of Malaysia Berhad (EXIM Bank or the Bank) was initially established as
the “International Division” of Bank Industri and Teknologi Malaysia Berhad (“BITMB”) and
was subsequently incorporated on 29 August 1995, as a government-owned Development
Financial Institution (“DFI”), under the Companies Act, 1965 of Malaysia, through it becoming
a subsidiary of BITMB. It was then spun off as an independent institution in 2005 to function as
a standalone DFI focused on export credit activities. On 30 December 2005, the Bank merged
with Malaysia Export Credit Insurance Berhad, retaining its legal and commercial name as
Export-Import Bank of Malaysia Berhad, with a registered office at EXIM Bank, Jalan Sultan
Ismail, 50250 Kuala Lumpur, Malaysia. As a DFI, the Bank is governed by the Development
Financial Institutions Act (“DFIA”).

As at 31 December 2021, the Bank had an issued and paid-up share capital of MOF (Inc.), as the shareholder of the
RM2,958,665,284 comprising the following: special right redeemable preference
share, has the right to appoint no
more than four members out of
01 2,708,665,282 ordinary shares owned by Minister the maximum 12 members to the
Bank’s Board of Directors (the Board)
of Finance Incorporated (MOF (Inc.)) including the appointment of the
Chairman. As of December 2021, there
is one representative from MOF (Inc.)
on the Board. Any appointment to

02 1 ordinary share owned by Federal Lands the Board and of the Chief Executive
Officer of the Bank is subject to the
Commissioner of Malaysia
approval by MOF (Inc.). The Bank’s
Board currently comprises the
Chairman (who is also an independent
non-executive director), four other
03 1 special right redeemable preference share independent non-executive directors,
owned by MOF (Inc.)
two non-independent non-executive
directors (one being a representative
from MOF (Inc.) and the other being
a representative from Ministry of
04 250,000,000 Redeemable Cumulative and International Trade and Industry
Convertible Preference Share (RCCPS) owned by (“MITI”).
MOF (Inc.)