Bank Pembangunan Malaysia Berhad (BPMB) has officially completed the acquisition of Export-Import Bank of Malaysia Berhad (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) from the Minister of Finance (Incorporated), marking a significant milestone in the country’s development finance landscape.
The deal, finalised based on the net tangible assets of both EXIM Bank and SME Bank as of 31 December 2023, positions BPMB as the parent of two key financial institutions. Together, the three banks now form a consolidated development finance group with over 2,000 employees, enhancing BPMB’s capacity to deliver impact-driven capital across strategic sectors.
In a press statement issued yesterday (1 May), BPMB stated that the formation if this unified entity will better deliver impact capital through a developmental financing ecosystem aligned with national policies such as the Malaysia MADANI Economic Framework, the New Industrial Master Plan (NIMP), the National Energy Transition Roadmap (NETR), the 12th Malaysia Plan, and PuTERA35.
The Group has earmarked RM8.3 billion in 2025 for national development through strategic programmes that support Bumiputera entrepreneurs, small and medium enterprises (SMEs), export-import activities, and sustainability-focused growth.
As BPMB moves to integrate its subsidiaries, it pledged to retain its entire workforce, recognising human capital as a core pillar of national development.
“This acquisition is expected to generate revenue and cost synergies over time as the three institutions (BPMB, EXIM Bank and SME Bank) increasingly integrate their resources and expertise to support the growth of Malaysian businesses, both large and small.combine their strengths to better serve distinct market segments,” added BPMB in the same statement.
The integration plan aims to optimise operations and leverage the specific mandates of each bank. EXIM Bank brings expertise in facilitating international trade, SME Bank in supporting small businesses, and BPMB in delivering broader development financing solutions.
BPMB, incorporated in 1973, is wholly owned by the Minister of Finance (Incorporated) and holds the highest ‘AAA’ rating from both RAM Rating Services and Malaysia Rating Corporation. As of the end of 2023, the Group’s total assets stood at RM29 billion. 