{"id":19388,"date":"2026-01-08T10:52:09","date_gmt":"2026-01-08T02:52:09","guid":{"rendered":"https:\/\/exim.com.my\/development\/?post_type=press-release&p=19388"},"modified":"2026-01-09T11:08:58","modified_gmt":"2026-01-09T03:08:58","slug":"exim-bank-malaysia-strengthens-malaysia-turkiye-bilateral-trade-through-strategic-mous-in-turkiye","status":"publish","type":"press-release","link":"https:\/\/exim.com.my\/development\/press_release\/exim-bank-malaysia-strengthens-malaysia-turkiye-bilateral-trade-through-strategic-mous-in-turkiye\/","title":{"rendered":"EXIM Bank Malaysia Strengthens Malaysia\u2013T\u00fcrkiye Bilateral Trade Through Strategic Mous in T\u00fcrkiye"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t
<\/div>
Datuk Nurbayu Kasim Chang (third from left), President\/CEO, EXIM Bank Malaysia exchanging MOU with Dr. Bertan Tezcan, CEO of Hoytek (fourth from left) and Ferolzamhuri Mamat, MD of Angsana Jaya Sdn Bhd. (fifth from left) witness by Turk Eximbank CEO, Ali Guney (second from left) and MITI Minister, YB Dato\u2019 Seri Johari Abdul Ghani.<\/div><\/div><\/div><\/div>
<\/div>
Prime Minister Datuk Seri Anwar and Turkish President Recep Tayyip Erdo\u011fan witness exchanging of MoU between EXIM Bank Malaysia and Turk Eximbank.<\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

ISTANBUL, T\u00fcrkiye, 8 January 2026<\/strong> \u2013 EXIM Bank Malaysia continues to advance Malaysia\u2013T\u00fcrkiye economic cooperation through the exchange of strategic Memorandum of Understanding (MoUs) in T\u00fcrkiye, reinforcing bilateral trade, investment collaboration and the international expansion of Malaysian companies, in line with Malaysia\u2019s broader industrial and trade diversification objectives.<\/p>

The MoUs were exchanged today and witnessed by YB Dato\u2019 Seri Johari Abdul Ghani, Minister of Investment, Trade and Industry (MITI), underscoring Malaysia\u2019s commitment to deepening trade, investment and industrial linkages with T\u00fcrkiye within a structured and risk\u2011managed framework.<\/p>

EXIM Bank Malaysia entered into a tripartite MoU with Angsana Jaya Sdn Bhd and Hoytek Bilgisayar Software Architecture Engineering Mesillik Energy and Industry Trade Ltd Company (Hoytek) to promote technology collaboration, industrial capability development and market access between Malaysia and T\u00fcrkiye. Angsana Jaya, a Malaysian Bumiputera\u2011owned construction company, is seeking to expand its operations into T\u00fcrkiye through collaboration with Hoytek, a Turkish engineering firm specialising in advanced subsea technology and Remotely Operated Vehicle (ROV) systems.<\/p>

EXIM Bank Malaysia has been engaging Angsana Jaya under its Malaysia Global Connect (MGC) programme, which supports Malaysian companies venturing into non\u2011traditional markets through responsible financing solutions, structured facilitation and strategic technology partnerships. Under the collaboration, EXIM Bank Malaysia will provide financial facilitation on a risk\u2011managed and policy\u2011aligned basis, while Hoytek contributes technical expertise to support Angsana Jaya\u2019s expansion into T\u00fcrkiye.<\/p>

The collaboration supports Malaysia\u2019s participation in global subsea technology value chains, particularly in oil and gas, renewable energy and security\u2011related applications. Activities under the MoU will focus on capability\u2011building initiatives, including knowledge transfer, skills development and the adoption of more efficient and safer technologies, to support sustainable industrial outcomes while enabling export growth.<\/p>

In a separate development, Bahru Stainless Sdn Bhd, an EXIM Bank Malaysia customer and Malaysia\u2019s sole stainless steel producer, exchanged an MoU with the Stainless Industrialist and Business People Association (PASID) of T\u00fcrkiye. The MoU marks a strategic step in Bahru Stainless\u2019 expansion into the Turkish market and supports Malaysia\u2019s trade diversification agenda through engagement with higher\u2011value and strategically important industrial markets.<\/p>

EXIM Bank Malaysia played a pivotal role in facilitating this collaboration, which focuses on structured market access, business matching with Turkish importers and distributors, and the utilisation of benefits under the Malaysia\u2013T\u00fcrkiye Free Trade Agreement (MTFTA). The MoU provides a non\u2011binding framework targeting an indicative supply of up to 10,000 metric tonnes of stainless\u2011steel products over a 12\u2011month period, with commercial terms to be defined under separate agreements.<\/p>

These MoUs build upon the financial cooperation MoU between EXIM Bank Malaysia and T\u00fcrk Eximbank exchanged on 7 January 2026 in Ankara, witnessed by YAB Dato\u2019 Seri Anwar Ibrahim, Prime Minister of Malaysia, and President Recep Tayyip Erdo\u011fan of T\u00fcrkiye. The cooperation framework enhances bilateral trade and investment through joint project development, co\u2011financing and knowledge exchange, reinforcing continuity across government\u2011to\u2011government and industry\u2011to\u2011industry engagements.<\/p>

Malaysia\u2013T\u00fcrkiye trade reached RM24.13 billion (USD5.28 billion) in 2024, representing an 18.7 per cent year\u2011on\u2011year increase, reflecting strong and expanding economic ties. Key Malaysian exports to T\u00fcrkiye include iron and steel products, palm oil, textiles, and electrical and electronic products, while T\u00fcrkiye exports petroleum products, machinery, chemicals and processed food to Malaysia.<\/p>

Datuk Nurbayu Kasim Chang, President and Chief Executive Officer of EXIM Bank Malaysia, said: \u201cThese MoUs reflect EXIM Bank Malaysia\u2019s strategic role as a development finance institution in supporting responsible, risk<\/em>\u2011<\/em>managed international expansion by Malaysian companies. Through a focus on technology transfer and capability<\/em>\u2011<\/em>building, we are enabling our customers to integrate into higher<\/em>\u2011<\/em>value global supply chains in line with Malaysia\u2019s industrial priorities under the New Industrial Master Plan 2030.\u201d

<\/em><\/p>

About Export-Import Bank of Malaysia Berhad (EXIM Bank Malaysia)
<\/u><\/strong>Established in August 1995, EXIM Bank Malaysia provides financing and advisory support to Malaysian businesses pursuing global ventures across diverse sectors. EXIM Bank Malaysia fulfils its mandate to enhance competitiveness of Malaysian industries internationally, offering comprehensive banking and takaful products.<\/p>

Effective 1 May 2025, EXIM Bank Malaysia became a subsidiary of Bank Pembangunan Malaysia Berhad (BPMB).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t

For further information, kindly contact:<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Azmin Hamzah
<\/strong>Head, Corporate Communications Department
Export-Import Bank of Malaysia Berhad
(EXIM Bank Malaysia)
Level 1, EXIM Bank,
Jalan Sultan Ismail,
50250 Kuala Lumpur.
T :+603 2601 2371
F : +603 2601 2469
E :\u00a0azmin@exim.com.my<\/a>
W : www.exim.com.my<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Mohd Ronnee Osman<\/strong>
Corporate Communications Department
Export-Import Bank of Malaysia Berhad
(EXIM Bank Malaysia)
Level 1, EXIM Bank,
Jalan Sultan Ismail,
50250 Kuala Lumpur.
T :+603 2601 2397
F :+603 2601 2469
E :\u00a0mronneeosman@exim.com.my<\/a>
W :\u00a0www.exim.com.my<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"featured_media":0,"parent":0,"template":"","categories":[44],"tags":[881],"class_list":["post-19388","press-release","type-press-release","status-publish","hentry","category-press_release","tag-881"],"acf":[],"_links":{"self":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/19388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/types\/press-release"}],"version-history":[{"count":5,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/19388\/revisions"}],"predecessor-version":[{"id":19404,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/press-release\/19388\/revisions\/19404"}],"wp:attachment":[{"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/media?parent=19388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/categories?post=19388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exim.com.my\/development\/wp-json\/wp\/v2\/tags?post=19388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}