14 Februari 2020
EXIM BANK MALAYSIA SET TO AID COVID-19 AFFECTED CLIENTS

Kuala Lumpur, 14 February 2020 – Export-Import Bank of Malaysia Berhad (“EXIM Bank”) joins an array of caring banks offering assistance to clients who have been financially impacted by the 2019 novel coronavirus (2019-nCoV or COVID-19) outbreak.

As the Development Financial Institution (DFI) of the country mandated to promote cross-border trade, this outbreak puts much strain on export-import trade activities that inevitably affects EXIM Bank’s clients.

EXIM Bank President/Chief Executive Officer Dato’ Nazri Abdul Rahim said: “As the world’s second largest economy and one of Malaysia’s largest trading partners, China is a key facet in the global value chain and this outbreak in one of its major cities inexorably affects the economic, trade and manufacturing activities the world over. The widespread implications of the COVID-19 outbreak are rapidly unravelling and many exporters and importers are faced with disruptions to their businesses – from ships being trapped at ports, workers quarantined to travel restrictions; all these do pose financial challenges to businesses, some of whom are our clients.”

In light of this, EXIM Bank is set to aid clients whose businesses are affected by the COVID-19 outbreak by exploring ways to ease the financial obligations they may have with the Bank. EXIM Bank is open to discussion and all affected clients can approach their relationship managers to assist on a case-to-case basis.

“As the preferred trade financier of global businesses, EXIM Bank will assist our affected clients go through this difficult period by dispelling their fears as they continue to monitor and build their businesses,” concluded Dato’ Nazri.

With clients from various sectors and industries, EXIM Bank offers trade financing, credit insurance and advisory services to many cross-border businesses in the country.


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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.

 

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
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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
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