Bank Pembangunan completes acquisition of Exim Bank, SME Bank

Quick Summary:

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) today announced the successful acquisition of shares in Export-Import Bank of Malaysia Bhd (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) from Minister of Finance (Incorporated).

Following the completion of the acquisition, BPMP said the three banks are better positioned to expand and strengthen their existing mandates to bridge the country’s developmental funding gap.

It said key pillars in addressing this gap include, among others, support for bumiputera entrepreneurs, financing for SMEs, fostering inbound and outbound transactions, and advocating sustainability for growth.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Corporate SME Bank Bank Pembangunan BPMB Exim Bank Banking /Business/Business News Acquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 12:17:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 28306417

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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News Last Updated: 8 hours ago

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