Page 8 - annual-report-full

Basic HTML Version

BACKGROUND
Export-Import Bank of Malaysia (EXIM Bank) was
incorporated by the Government on 29 August
1995 for the strategic purpose of promoting reverse
investment and export of strategic sectors such as
capital goods, infrastructure projects, shipping and
value added manufactured products. EXIM Bank has
also been tasked to facilitate the entry of Malaysian
companies to new markets, particularly to the non-
traditional markets. EXIM Bank is a Development
Financial Institution that is fully owned by the
Government, being a wholly owned subsidiary of the
Ministry of Finance Incorporated.
MANDATED ROLE
The Ministry of Finance has mandated EXIM Bank to
carry out specific duties as follows:
• To provide credit facilities to finance and support
the export and import of goods and services,
overseas projects with an emphasis on non-
traditional markets, as well as the provision of
export credit insurance services, export financing
insurance, overseas investments insurance and
guarantee facilities.
CLIENTELE
EXIM Bank extends its services to a wide range of
clients which include large corporations, SMEs, foreign
governments and companies across many sectors such
as trading, manufacturing and infrastructure.
STRATEGIC ALLIANCES
• In executing its mandate, EXIM Bank strives to
expand opportunities for its clients by forging
alliances with international and multilateral
associations. In this context, the Bank has inked
several agreements that would boost our business
and market outlook.
• EXIM Bank is a member of the Berne Union,
an international organisation for Export Credit
Agencies; a member of Asian EXIM Banks Forum,
an association of 10 EXIM Banks in Asia; The Aman
Union and Association of Development Financing
Institutions in Asia and the Pacific.
• In undertaking efforts to promote exports, the
Bank also works closely with local agencies such as
Ministry of International Trade and Industry (MITI),
Malaysia External Trade Development Corporation
(MATRADE), Malaysian Industrial Development
Authority (MIDA), Small and Medium Enterprise
Corporation Malaysia (SMECorp) and Construction
Industry Development Board Malaysia (CIDB).
EXIMBANK
INBRIEF
006
EXIM Bank Annual Report 2013