Anwar: EXIM Bank, SME Bank, BPMB Merger Still Ongoing


KUALA LUMPUR, Prime Minister Datuk Seri Anwar Ibrahim said the merger of Bank Pembangunan Malaysia Bhd, Exim Bank, and SME Bank is still in progress, and the focus on small and medium enterprises (SMEs) will continue.

During a ministerial question and answer session in the Dewan Rakyat today, he said that among the conditions emphasised by Bank Negara Malaysia (BNM), which is overseeing the merger, is that the terms for SME and Bumiputera loans will remain as the key criteria and part of the policy arising from the merger.

He was responding to a supplementary question from Datuk Wira Dr Ku Abd Rahman Ku Ismail (PN-Kubang Pasu) regarding the merger of the three banks.

During the presentation of Budget 2024, Anwar announced that development financial institutions would be restructured through the merger of Bank Pembangunan Malaysia, SME Bank, and Exim Bank.

Source: BERNAMA News Agency

  • malaysiang

    Related Posts

    Main Market-bound Life Water Eyes Sarawak, Brunei Markets With RM63.42 Mln IPO

    KOTA KINABALU, Sabah beverage manufacturer Life Water Bhd plans to use the proceeds of its upcoming listing on the Main Market of Bursa Malaysia to expand into Sarawak and Brunei.

    Its managing director Liaw Hen Kong said the company is appointing dis…

    MATRADE Committed To Boosting Foreign Trade Through Budget 2025

    KUALA LUMPUR, The Malaysian External Trade Development Corporation (MATRADE) will continue as the country’s export promotion agency under Budget 2025 to help Malaysian companies to remain competitive in foreign markets.

    Chairman Datuk Seri Reezal Mer…