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Bank Pembangunan, Danajamin to start talks on proposed merger | Malay Mail

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KUALA LUMPUR, Dec 23 — Bank Pembangunan Malaysia Bhd (BPMB) and Danajamin Nasional Bhd have obtained Bank Negara Malaysia’s (BNM) approval to commence negotiations for the government’s proposed merger involving the country’s Development Financial Institutions (DFI). Under the 2020 Budget,...

Screengrab of the Bank Pembangunan Malaysia Bhd website bpmb.com.my.

Under the 2020 Budget, the government proposed that BPMB, Danajamin, Export-Import Bank of Malaysia Bhd and Small Medium Enterprise Development Bank Malaysia Bhd would be restructured and merged to strengthen the DFI eco-system. “The restructuring plan will be implemented in two phases — the first phase involving the merger of BPMB with Danajamin, and the second phase is to merge Exim Bank and SME Bank into the earlier merged entity,” said BPMB in a statement today.

The Steering Committee comprises representatives from the relevant stakeholder ministries, namely the Economic Affairs Ministry , Entrepreneur Development Ministry, International Trade and Industry Ministry, Credit Guarantee Corporation, BNM and the four DFIs.

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