Kuala Lumpur, 1 May 2025 – Bank Pembangunan Malaysia Berhad (BPMB) today announced the successful acquisition of shares in Export-Import Bank of Malaysia Berhad (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) from Minister of Finance (Incorporated) (MOF Inc.). The transaction was completed based on the net tangible assets (NTA) of EXIM Bank and SME Bank as of 31 December 2023.

BPMB Group, now with EXIM Bank and SME Bank as its subsidiaries, forms a unified entity to better deliver impact capital through a developmental financing ecosystem, in alignment with key national policies – the Malaysia MADANI Economic Framework, NIMP, NETR, the 12th Malaysia Plan, and PuTERA35. Backed by the existing combined workforce of over 2,000, BPMB Group enhances its capacity to deliver greater impact at scale. The Group remains committed to maintaining its full workforce and enabling meaningful roles, recognising human capital as central to national development efforts.

Following the completion of the acquisition, the three banks are better positioned to expand and strengthen their existing mandates to bridge the country’s developmental funding gap. Key pillars in addressing this gap include, among others, support for Bumiputera entrepreneurs, financing for SMEs, fostering inbound and outbound transactions, and advocating sustainability for growth. Collectively, for 2025, BPMB Group has an allocation of RM8.3 billion to be deployed for national development through its combined strategic programmes.

This acquisition is expected to generate revenue and cost synergies over time as the three institutions increasingly integrate their resources and expertise to support the growth of Malaysian businesses, both large and small.

Moving forward, BPMB Group will implement a holistic integration plan that leverages the strengths and resources of each entity to effectively support the three distinct market segments.

About Bank Pembangunan Malaysia Berhad (BPMB)
Incorporated on 28 November 1973, Bank Pembangunan Malaysia Berhad is a development financial institution wholly owned by Minister of Finance (Incorporated). The Bank holds the highest ‘AAA’ rating from both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad and operates under the regulatory oversight of Bank Negara Malaysia as stipulated by the Development Financial Institution Act 2002. With Group Total Assets valued at RM29.0 billion as of 31 December 2023, Bank Pembangunan is well-equipped to meet the financing and development needs of Malaysian businesses. Effective 1 May 2025, EXIM Bank and SME Bank became subsidiaries of Bank Pembangunan Malaysia Berhad. For more information, visit www.bpmb.com.my.