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EXIM BANK MALAYSIA
20 A Vision to Serve Empowering Growth Management Discussion and Analysis
ANNUAL REPORT 2023
OVERVIEW OF EXIM BANK’S

BUSINESS OPERATIONS

Export-Import Bank of Malaysia Berhad (EXIM Bank or the Bank) has a registered office located
at EXIM Bank, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia. The Bank was initially founded
as the “International Division” of Bank Industri dan Teknologi Malaysia Berhad (BITMB), and it
subsequently became a subsidiary of BITMB on 29 August 1995, allowing it to be incorporated
as a government-owned Development Financial Institution (DFI) under Malaysia’s Companies
Act, 1965. The Development Financial Institutions Act governs the Bank as it is part of DFIs.
In order to operate as a stand-alone DFI focusing on export credit activities, it was later spun out
as an independent organisation in 2005. The Bank and Malaysia Export Credit Insurance Berhad
amalgamated on 30 December 2005, retaining the name Export-Import Bank of Malaysia Berhad.

As at 31 December 2023, the Bank had an issued and paid-up share capital of RM 2,958,665,284 comprising the following:

01 02
2,708,665,282 ordinary shares 1 ordinary share
owned by Minister of Finance Incorporated owned by Federal Lands Commissioner of Malaysia
(MOF (Inc.))

03 04
250,000,000
1 special right redeemable
preference share owned by MOF (Inc.) Redeemable Cumulative and Convertible Preference
Share (RCCPS) owned by MOF (Incorporated)

MOF (Inc.), as the shareholder of the special right redeemable services, infrastructure projects, shipping, and value-added
preference share, has the right to appoint no more than four manufacturing by facilitating the entry of Malaysian companies
members out of the maximum 12 members to the Bank’s Board into new international markets, with a focus on non-traditional
of Directors (the Board), including the appointment of the markets where there is limited participation from commercial
Chairman. The approval of MOF (Inc.) is required for all Board banks. The Bank also provides export credit takaful services,
appointments, as well as the appointment of the Bank’s CEO. overseas investments, and guarantee facilities.
The Chairman, who is also an independent non-executive
director, is now a member of the Bank’s Board, along with Clients of the Bank include locally incorporated businesses
four other independent non-executive directors and two and SMEs, as well as foreign companies and selected foreign
non-independent non-executive directors (one of whom is a governments. The Bank, in its export promotion efforts,
representative from MOF (Inc.) and the other from MITI). collaborates with the Government and its agencies such as
Malaysia’s Ministry of Investment, Trade and Industry (MITI),
Malaysia External Trade Development Corporation (MATRADE),
BUSINESS OF THE BANK
Malaysian Investment Development Authority (MIDA),
Small and Medium Enterprise Corporation Malaysia
The Bank is the sole Development Financial Institution
(DFI) in Malaysia committed to fostering the growth of (SMECorp), Construction Industry Development Board
cross-border operations by offering finance and insurance/ Malaysia (CIDB Malaysia), Halal Development Corporation
takaful facilities to Malaysian companies operating abroad. (HDC), and TERAJU.
As an agency owned by MOF (Inc.) and now under the purview
The facilities offered by the Bank fall into two principal
of MITI, the Bank’s mandated role is to provide credit facilities categories: banking facilities and credit takaful facilities.
to finance and support export and import of capital goods,