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36 EXIM BANK MALAYSIA ANNUAL REPORT 2022

PRESIDENT/CHIEF EXECUTIVE OFFICER’S

REVIEW

Fulfilling

Our Purpose

2022 was a time for EXIM Bank to fully pivot back towards our mandate
within a new post-pandemic environment. This comes after two years of
disruption and our transient shift towards helping the government ensure
businesses survive through pandemic challenges. Coming on board in

August 2022, my focus for the Bank has been to review and refresh our
strategies, reconnect with our stakeholders and revitalise our workforce
in readiness to make our mark as the nation’s preferred financier and
advisor for global business.

FY2022 FINANCIAL REVIEW Net impaired loans reduced to 11.7% from 12.2% previously,
and structured recovery action against defaulters continues,
Domestic recovery was steadfast in 2022, recording the as the Bank takes steps to safeguard asset quality,
highest annual growth rate since 2000 with GDP growth of through more prudent allocation of resources.
8.7%. However, the pace of global growth slackened due to
a combination of various factors including higher-than-usual More details on our Strategy can be found on pages
inflation resulting in tightening of financial conditions in most 42 to 44.
regions, the Russia-Ukraine conflict, supply chain disruptions,
as well as prolonged COVID-19 pandemic, which continued RECONNECTINg WITH STAKEHOLDERS
to sporadically weigh on the wellbeing of both people and
economy. Given the uncertainties within global markets, The first vital move towards growing our portfolio requires
it was definitely a challenging year for EXIM Bank to rise again bridging business relations with existing and potential
as the “Preferred Cross-Border Financier”. customers, and the local and international government
agencies. EXIM Bank positively initiated this transformation
We had to change our focus during the pandemic and it
is now time to get back on track. As the only Development through personal meetings and visits with local agencies,
Financial Institution (DFI) mandated by the Malaysian by actively participating in various trade events, talks and
government to promote the development of cross-border exhibitions. This “inside-out” strategy is to increase the
ventures, the Bank’s role remains vital to facilitate the awareness of EXIM Bank’s existence and our products
competitiveness of Malaysian businesses. Therefore, the main offerings to the public. The approach helped to create
task of the Bank in FY2022 was to re-establish our commitment relationships, strengthen ties and generate trust with the
to our mandate. By analysing and reviewing gaps in our Bank’s existing and potential customers.
mandate delivery performance, we have realigned our focus Therefore, FY2022 was distinguished by EXIM Bank’s active
and are now set on course to aggressively grow our portfolio market outreach strategy within Malaysia and across several
and contribute to nation building.
international borders (see Box Story). Having taken the
step to rebuild relationships within our business ecosystem,
EXIM’s financial performance for the year was impacted
by prolonged contraction of our gross loans and financing EXIM Bank is confident of creating and delivering sustainable
portfolio and two significant impairments. We recorded value creation for our stakeholders once the clouds have
revenue for RM228.1 million in FY2022 from RM174.7 million cleared on cross-border opportunities in the near future.
in FY2021, and a loss of RM66.5 million compared to
profitability at RM51.1 million in FY2021.