Page 158 - EXIM-Bank_Annual-Report-2022

156 eXIM BANK MALAYsIA ANNUAL REPORT 2022

Notes to the fiNaNcial statemeNts

19. BorroWINGs (cont’d.)
Borrowings of the Group and the Bank comprise the followings:

Term loans/Revolving credits
(a) Term loan of USD35,000,000 (approximately RM153,650,000) (2021: USD35,000,000 (approximately RM145,775,000)).
The loan is repayable semi-annually within twenty eight (28) semi-annual instalments from 12 August 2008 to
12 February 2022.
The loan was obtained on 25 April 2006. Interest on the loan is charged at 0.395% (2021: 0.395%) per annum above
LIBOR. The term loan was fully repaid on 14 February 2022.
(b) Revolving multi-currency loan up to an aggregate of USD50,000,000 (approximately RM219,500,000)
(2021: USD150,000,000 (approximately RM624,750,000)). This facility is available for utilisation in USD, GBP, SGD
and EUR.
The loan was obtained on 25 June 2009. The principal and interest of the loan was revised to USD100,000,000 and
0.80% respectively on March 2014, revised to USD150,000,000 on July 2014 and revised to USD50,000,000 on
November 2022. Interest on the loan is charged at the rate of 0.80% (2021: 0.80%) per annum above LIBOR or USD and
0.80% above COF for GBP, SGD and EUR.

(c) The financing was obtained on 10 November 2010 for USD30,000,000, renewed on 14 December 2011, 21 March
2014 and 2 March 2015 with additional amounts of USD10,000,000, USD30,000,000 and USD30,000,000 respectively.
On 21 November 2019, the amount was reduced to USD50,000,000. Profit rate on the financing was charged at the rate
of 0.80% and has been subsequently revised to 0.50% (2021: 0.50%) per annum above the Islamic Cost of Fund since
March 2014. In 2022, the Bank has outstanding amount of AUD17,000,000 (approximately RM50,733,100) under
the facility.
(d) Revolving Euro loan of one (1) year up to an aggregate of EUR30,000,000 (approximately RM140,538,000)
(2021: EUR30,000,000 (approximately RM141,426,000)).

The loan was obtained on 12 March 2012. Interest rate on the loan is charged at the rate of 0.80% (2021: 0.80%)
per annum above Euro Interbank Offer Rate (“EURIBOR”).

(e) Commodity Murabahah Revolving Credit-i up to an aggregate of USD25,000,000 (approximately RM109,750,000)
(2021: USD25,000,000 (approximately RM104,125,000)) renewable after one (1) year.

The financing was obtained on 13 May 2013. Profit rate on the financing is charged at the rate of 0.50% (2021: 0.50%)
per annum above the Islamic Cost of Fund.
(f) Commodity Murabahah Revolving Credit-i up to an aggregate of USD20,000,000 (approximately RM87,800,000)
(2021: USD20,000,000 (approximately RM83,300,000)) renewable after one (1) year.
The financing was obtained on 15 August 2013. Profit rate on the financing is charged at the rate of 0.75% (2021: 0.75%)
per annum above the Islamic Cost of Fund. On 27 July 2020, the financing amount was reduced to USD20,000,000
(approximately RM80,340,000).
(g) Multi-Currency Murabahah Revolving Credit-i up to an aggregate of EUR120,000,000 (approximately RM562,152,000)
(2021: EUR120,000,000 (approximately RM565,704,000)). This facility is available for utilisation in EUR, USD and GBP.
The financing was obtained on 18 September 2013. Profit rate on the financing is charged at the rate of 0.80%
(2021: 0.80%) per annum above EURIBOR for EUR and 0.80% above COF for USD and GBP.