Exim Bank Aims To Disburse RM5 Billion Loans Next Year

KUALA LUMPUR, Nov 20 (Bernama) -- Export-Import Bank of Malaysia Bhd (Exim Bank) aims to disburse loans worth RM5 billion next year, mainly driven by infrastructure projects funding in the Asean region.

Source from (Bernama): http://www.bernama.com/bernama/v6/newsbusiness.php?id=710080
Published: November 21, 2012

Source from (The Star Online): http://biz.thestar.com.my/news/story.asp?file=/2012/11/21/business/12347470&sec=business
Published: November 21, 2012

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20121120144903/Article/index_html
Published: November 21, 2012

Managing director and chief executive officer of Exim Bank, Datuk Adissadikin Ali said the bank expected to channel about 60% of the target for term financing, and the remaining 40% for trade financing.
He said this year, Exim Bank targets to disburse RM2bil.

“We are well on track to achieve the target with another one month remaining. We are currently close to RM2bil.

“This year, it will be driven more by infrastructure projects carried by Malaysian companies in the Southeast Asian region,” Adissadikin told reporters after a collaboration signing ceremony between Exim Bank, four Middle East export credit agencies and Austria-based GARANT AG here yesterday.
He added that the RM5bil target is achievable despite the sluggish economic environment, which is expected to drag until next year.

“We are now creating awareness and approaching Malaysian exporters to enhance our trade financing portfolio.

“A few years back, Exim Bank was unheard of, but now it has gained recognition and we will continue to engage with related stakeholders,” Adissadikin said. Exim Bank, incorporated in 1995, is a wholly-owned entity of the Ministry of Finance (Inc). — Bernama

On the collaboration signed today, Adissadikin said the signings woukd provide Exim Bank Malaysia the opportunity to deepen its understanding of the credit insurance and reinsurance industry in Middle East North African (MENA) markets through technical assistance, training programmes and exchange of information.

Meanwhile, the cooperation agreement between Exim Bank and GARANT AG outlines the commercial and technical cooperation areas of exchange of information, technical support, development of facultative reinsurance and marketing actions. — Bernama