Page 19 - Exim iar24_Ebook

ANNUAL REPORT 2024

2 EMPOWERING GROWTH 17

In terms of financial performance, the Bank recorded a profit The combined entity, with a workforce of over 2,000,
before tax of RM113.5 million, underpinned by business growth will focus on several key development pillars, including SME
and recovery efforts in 2024. The year also saw a record financing, Bumiputera entrepreneurship, cross-border trade,
RM2.6 billion of financing approved. Among the landmark and sustainability initiatives, offering a more cohesive and
deals the Bank concluded for the year were the syndicated impactful approach to supporting Malaysian businesses in the
financing for the Integrated Condensate Splitter and Aromatic years to come.
Complex within the Pengerang Integrated Petrochemical
Complex in Johor, a project that is set to become one of the 2025 began with the inauguration of the new U.S. presidential
world’s largest low-carbon aromatics production facilities. term, followed by intensification of trade tensions stemming
This syndicated financing shows our international reach from tariff measures launched by the newly appointed
and ability to collaborate with other EXIM Banks and Export president. Market uncertainty and volatility may dampen
Credit Agencies (ECA) globally as this financing brings business optimism, especially amid rising credit risks.
together 11 banks across various countries in support of a Nonetheless, the Bank remains committed to playing its
USD5.3 billion Foreign Domestic Investment into Malaysia. pivotal role in supporting Malaysian companies venturing into
international markets.
The Bank has participated in significant national events,
such as the commemoration of 50-years of diplomatic ties As we look ahead with renewed strength, we also take
between Malaysia and China. To strengthen our collaboration this opportunity to express our heartfelt gratitude to those
with this important market, the Bank signed an MOU with the who have contributed to the Bank’s resilience. EXIM Bank
Industrial and Commercial Bank of China (ICBC) - Malaysia remains steadfast in its role under the Ministry of Investment,
office and enhanced its bilateral relations with China EXIM Trade and Industry (MITI), and we are deeply thankful for the
Bank. This is to continue serving the growing interest of the ongoing support and guidance from all our stakeholders,
Malaysian companies in the largest economy in Asia. including the Ministry of Finance (MOF) and Bank Negara
Malaysia (BNM).
In addition, the Bank took steps to deepen ties with the
members of the ASIAN EXIM Bank Forum (AEBF) through I would like to express my utmost gratitude to our departing
its annual forum, held in Shanghai, China. This provided the directors, En. Hasli Hashim and Dato’ Sandra Wong Lee Yun,
opportunity to meet counterparts, where the Bank expressed for their invaluable contributions during their tenure. In their
its keenness to collaborate in key sectors that support the place, we eagerly anticipate capitalising on the diverse talents
reduction of carbon emissions, as outlined in the National and experiences of the new members who joined our Board in
Energy Transition Roadmap (NETR), as well as sectors 2024, namely En. Abdul Aziz Abu Bakar and Mr. Jeremy Lee
that produce higher value-added products and add to the Eng Huat.
complexity of Malaysian’s economy, as outlined in the New
Industrial Master Plan (NIMP 2030). The Bank will not be where it is today without the commitment
and effort from the dedicated staff who made delivery of our
The Bank intensified its efforts in developing Islamic mandate possible. We thank each and every one of them for
finance through collaborations with several strategic partners. their hard work and loyalty.
This includes the Islamic Corporation for the Insurance
and Investment Export Credit (ICIEC) with a collaboration Advancing forward, the Bank is committed to strengthening
covering among others, technical expertise and coordination its integration within BPMB Group, paving the way for even
on Retakaful engagement for ventures into Organization of greater synergy. With a clear focus on empowering Malaysian
Islamic Countries (OIC) member states. This broadens the businesses and driving innovation, EXIM Bank Malaysia is
presence of the Bank’s Islamic financing and Takaful risk cover. ready to contribute to the nation’s sustainable economic
This initiative also serves as a focal point for the Bank growth and play a key role in shaping a resilient MADANI
in 2025. Malaysia.
The merger between EXIM Bank, Bank Pembangunan Malaysia
Berhad (BPMB), and SME Bank was completed in May 2025,
resulting in the formation of BPMB Group. This creates a
unified development finance entity designed to propel DATO’ CHARON WARDINI MOKHZANI
Malaysia’s economic and industrial transformation. Chairman
By integrating these three institutions, the government EXIM Bank Malaysia
aims to create a more streamlined and effective system to
bolster economic growth and progress, aligning with national
priorities such as the Malaysia MADANI Economic
Framework, the NIMP 2030, and the 12 Malaysia Plan.
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EXIM BANK MALAYSIA