18 February 2020
EXIM BANK MALAYSIA COLLABORATES WITH LOCAL & FOREIGN DFIS TO PROMOTE MALAYSIA-THAILAND SME GROWTH

Kuala Lumpur, 18 February 2020 – Export-Import Bank of Malaysia Berhad (“EXIM Bank Malaysia”) entered into a multi-party collaboration when it signed a Memorandum of Understanding (MoU) between Thai and Malaysian institutions to promote Small and Medium Enterprise Businesses (SMEs) on both sides of the border to enhance their economic growth.

Witnessed by YB Datuk Wira Dr. Mohd Hatta Ramli, Malaysia’s Deputy Minister of Entrepreneur Development and Cooperatives (MEDAC), H.E. Jurin Laksanawisit, Thailand Deputy Prime Minister and Minister of Commerce, and H.E. Nipon Bunyamanee, Thailand Deputy Minister of Interior, the MoU was inked by the Heads of four Development Financial Institutions (DFIs); namely EXIM Bank Malaysia and SME Bank Malaysia and Export-Import Bank of Thailand, together with the Small and Medium Enterprise Development Bank of Thailand on 16 February 2020 in Narathiwat, Thailand.

The four institutions involved were represented by Dato’ Nazri Abdul Rahim, EXIM Bank Malaysia President/Chief Executive Officer; Mr. Aria Putera Ismail, SME Bank of Malaysia Group President/Chief Executive Officer; Mr. Pisit Serewiwattana, EXIM Bank Thailand President; and Ms. Nartnaree Rattapat, SME Bank Thailand Acting President.

Set to establish the foundation of collaboration for the joint benefit and promotion of Thai and Malaysian SMEs, the MoU will enhance the economic growth of SMEs that are the engines of growth to our nations, through common guidelines for the related participants. The MoU reaffirms the commitment by all participating institutions, particularly in their effort to integrate collaboration on trade, investment and SMEs of both countries, ranging from tourism, halal food, garments, jewelleries, including those involved in cross-border trade.

As the DFIs of the country mandated to promote SMEs and cross-border trade, this collaboration augurs well for all parties involved.

EXIM Bank Malaysia’s Dato’ Nazri said: “In line with our Prime Minister’s call for “Shared Prosperity” during APEC2020, EXIM Bank Malaysia believes that the signing of this multi-party agreement will pave the way for greater collaboration between DFIs on both sides of the border, as we jointly promote and support SMEs in growing their businesses beyond their local markets.”

“As a cross-border facilitating DFI, EXIM Bank Malaysia aims to be the preferred financier for these aspiring global businesses by facilitating and offering them avenues for growth with our various trade financing, credit insurance and advisory services.”

The signing ceremony was also attended by high-level representatives from the related DFIs and SMEs from Malaysia, as well as guests from the Board of Trade of Thailand and the Thai media.


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ABOUT EXIM BANK

The Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated on 29 August 1995 and is wholly-owned by the Government of Malaysia. The Bank has assisted a diverse range of Malaysian business in various sectors in their global ventures. EXIM Bank takes pride in meeting its mandated role of stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. The Bank also offers Shariah-compliant financing and Takaful instruments. For more information, visit www.exim.com.my.


ABOUT DAGANG NeXCHANGE BERHAD

Dagang NeXchange Berhad (“DNeX”) is a leading provider of award-winning eServices for Trade Facilitation and has a wealth of knowledge, expertise and operational know-how in the provisioning of eServices for Trade Facilitation, IT consultancy and cyber security. DNeX is also making its mark as a reputable player in the oil, gas and energy sector. The company is listed on the Main Market of Bursa Malaysia. For more information on the company, log on to www.dnex.com.my.

 

MEDIA CONTACT FOR EXIM BANK

Azmin Hamzah
Head, Communications & Stakeholder Management Department
Export-Import Bank of Malaysia Berhad
T : +603 2601 2371
F : +603 2601 2469
E : This email address is being protected from spambots. You need JavaScript enabled to view it.
W : www.exim.com.my
Mohd Ronnee Osman
Manager Communications & Stakeholder Management Department
Export-Import Bank of Malaysia Berhad
T : +603 2601 2397
F : +603 2601 2469
E : This email address is being protected from spambots. You need JavaScript enabled to view it.
W : www.exim.com.my