Exim Bank expects to disburse RM1.5b loans this year

News From: http://www.thesundaily.my/news/378534

Published: 15 May 2012 - 05:36am
sunbiz@thesundaily.com

KUALA LUMPUR (May 15, 2012): Export-Import Bank of Malaysia Bhd (Exim Bank) expects to disburse RM1.5 billion in loans this year against RM1.2 billion last year, its managing director and CEO Datuk Adissadikin Ali said.
He said the bank had disbursed some RM800 million in loans as of April 30, 2012.
He said business has been good as many Malaysian companies are venturing overseas, and it is part of the bank's mandate to support these companies in the global market.
"Construction, power and water companies are venturing out of Malaysia as it (the market) is quite limited here. When these players go overseas, they bid for big projects thus requiring bigger loans," Adissadikin said after the ceremony yesterday where Malakoff Corporation Bhd signed for US$90 million financing facilities from Exim Bank and Mizuho Corporate Bank.
He said Exim Bank will be partnering domestic banks with overseas operations and locally incorporated foreign banks to provide the financing facilities.
About 80% of the bank's disbursements are loans to small and medium enterprises ranging from RM20 million to RM30 million.