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Management Discussion and Analysis Ensuring Sustainability Commitment to Lead Upholding Accountability Financial Statements 19

Throughout the year, a comprehensive approach to training In 2024, EXIM Bank will continue to contribute to a closer
and instilling core values has been a top priority, with a total engagement and deeper understanding between nations to
expenditure of RM1.48 million allocated to 221 internal and pave the way for tangible partnerships that will contribute to
external training programmes. These initiatives were designed the growth and prosperity between nations, as well as maintain
to cultivate potential and enhance the skills and performance an active dialogue and communication channel for continued
levels of employees across all tiers of employment, ranging business and referral projects. We look forward to opening
from Executives to Senior Managers. The training curriculum wider market access for our clients by exploring untapped
encompassed a diverse array of technical courses, proficiency areas for business collaboration between Malaysia and
building exercises, soft skills development, as well as sessions other regional partners, and playing a more meaningful role in
focused on compliance, sustainability and cyber security shaping a sustainable future in line with our upcoming strategy
awareness. of Ihsan banking.
Notably, 10 dedicated sessions were specifically tailored The Ihsan journey will see the Bank cultivating a more ethical
to embed the Bank’s core values into daily work practices, and sustainable financial ecosystem for the benefit of all
ensuring that these principles become ingrained within the stakeholders, underscoring our commitment to becoming a
organisational culture. Additionally, an engaging three-day more conscientious and responsible financial institution within
team-building programme was conducted to foster a deeper the DFI ecosystem.
understanding of these core values among employees and
promote a cohesive and shared work culture throughout the
Bank. Rooted in Islamic teachings, the concept
of “Ihsan” encapsulates the notion of
Core values: excellence and the pursuit of what is
beautiful, particularly in the realm of
INTEGRITY
Act to uphold the highest professional standard financial transactions.
ACCOUNTABILITY
Commit and personally own results ACKNOWLEDGEMENTS & GRATITUDE
OPENNESS Reflecting on the achievements of the past year and the exciting
Communicate transparently and timely
journey that awaits, I am confident that with visionary leadership
and unwavering commitment to excellence, innovation and
TEAMWORK
Work together, across boundaries for results integrity, EXIM Bank will continue to achieve new milestones.
I take this opportunity to thank Arshad Mohamed Ismail,
EFFICIENCY
Optimise our resources for positive outcomes who stepped down as PCEO on 2 April 2024, having led the
Bank to a dynamic turnaround in 2023. On our journey ahead,
we are privileged to be guided by Dato’ Charon Wardini
Mokhzani, as our new Chairman. His collaborative leadership
EMPOWERED AND READY FOR CHANGE and guidance within the corporate and commercial ecosystem
and rich investment industry know-how places him in good
Moving forward, a new restructuring of DFIs is in the pipeline stead to guide the Bank in the right direction, as it fulfils the
for the year ahead, as announced in national Budget 2024. mandate given to it by the government. We look forward to
The upcoming phase involves the merger of EXIM Bank, leveraging on his expertise in steering the Bank to new heights.
Bank Pembangunan and SME Bank and is expected to be
completed in 2024. The exercise will optimise the value In closing, I extend my deepest gratitude to all stakeholders
delivered by the DFIs in serving the economy and industry, for their unwavering support and trust. Together, let us progress
and gear up our ability to undertake a more relevant and and advance a more ethical, sustainable and fruitful future for
impactful role in economic development. Malaysia.
A Merger Steering Committee with stakeholders from all Yours sincerely,
involved banks, MITI, MOF and Bank Negara Malaysia, has been
formed to oversee this merger and corresponding transition
processes. They are supported by Working Committees to NURBAYU KASIM CHANG
oversee that the process is carried out diligently and adheres to Acting President & Chief Executive Officer
timeline. In the meanwhile, it’s business as usual for EXIM Bank. EXIM Bank Malaysia