Page 16 - EXIM-Bank_Annual-Report-2023

EXIM BANK MALAYSIA
14 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
CHAIRMAN’S

STATEMENT

CREATING IMPACT
Dear Stakeholders,

It is my privilege and honour to
address you in my role as the AND MAKING
new Chairman of Export-Import
Bank of Malaysia Berhad (EXIM
Bank or the Bank). I present CONNECTIONS
this Annual Report and
Audited Financial Statements
for the financial year ended
31 December 2023 (FY2023).

The year in review was a pivotal one for EXIM BANK. The team successfully supported nine (9) customers towards their
has demonstrated the Group’s ability to adapt and improve transformation from non-exporters to becoming first
performance amidst a global trade slowdown, supply chain time exporters, and 10 new bumiputera customers were
disruptions, rising inflation and volatility in the currency market, onboarded as part of EXIM Bank’s focus in developing
including a stronger US Dollar. more bumiputra exporters. This demonstrates the Bank’s
commitment to developing export qualified companies with a
Despite the challenging market landscape, the EXIM team long-term goal of supporting a positive national current account.
delivered a profit before tax of RM37.03 million on the back
of higher portfolio growth, improved asset quality and cost A more dynamic approach in facilitating bilateral trade growth
optimisation. As of 31 December 2023, EXIM Bank had approved was executed by creating platforms that promoted dialogue
a total of RM2.25 billion worth of financing across various and collaboration between businesses, government entities
economic sectors from manufacturing, property development, and investors. These included the EXIM Bank & Malaysia
green technology and renewable, wastewater management, South-South Association (MASSA) Business Briefing and
warehousing and logistics. From this approval, RM1.74 billion Networking Luncheon, Business Networking with MATRADE
has been approved for the Unserved and Underserved business Mid-Tiered Companies, and the Malaysia – Djibouti Business
community. For the year 2023, the Bank has recorded a total Forum, where insightful discussions were conducted on
disbursement of RM4.56 billion equivalent to 71.20% against economic policies, trade facilitation and investment incentives
it’s annual target. towards facilitating the development of sustainable trade
relationships.
During the year, the team worked hard to support national
goals with the launch of EXIM Go-Export Financing programme Through concerted efforts, several strategic Memorandum
in June 2023 and this was officiated by YB Senator Tengku of Understandings (MoU) materialised in 2023. We inked
Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of agreements with Etiqa General Takaful Bhd and Syarikat Jaminan
Investment, Trade and Industry. The value proposition is to Pembiayaan Perniagaan Bhd (SJPP) to strengthen financing
provide competitive and efficient financing solution to small solutions for domestic and export-oriented propositions,
and medium enterprises (SMEs) and corporate clients and the and also formalised partnerships with Indonesia Exim Bank
programme focuses on providing financing to support export and Saudi Exim Bank to strengthen cooperation in business
development, green technology adoption and supply chain relationships.
ecosystem growth. This initiative targets to help SMEs and
corporate clients address cash flow requirements and expand Beyond the business front, the team successfully formalised a
into strategic green-tech and technology sectors. Sustainability Framework in November 2023. This guides the
way forward towards greater positive impacts with a clear
The Bank also introduced the Exporters’ Development blueprint of our sustainable goals. We continued to make
Incentive Scheme (Skim Insentif Pemampanan Pengeksport strides in green financing, securing four (4) deals encompassing
(SIP2)) to assist Malaysian entrepreneurs in empowering solar power, wastewater and equipment supply to an offshore
their businesses with competitive financing costs to achieve wind project.
cross-border aspirations. Towards this goal, the Bank has