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LENDING & CREDIT | Cesar Tordesillas, Malaysia
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Exim Bank Malaysia to disburse $486M in loans

Exim Bank Malaysia had approved RM800 million or US$259M in loans as of April, according to its Managing Director/CEO Datuk Adissadikin Ali.

 

This is in line with the bank's target to disburse loans totaling RM1.5 billion or US$486M this year.

He says that this shows a lot of Malaysian companies are going overseas.

"Construction companies are bidding for big projects overseas," he said at the signing of afacility agreement between Malakoff, Exim Bank and Mizuho Corporate Bank here today.

Exim Bank would normally partner with foreign banks in providing financing.

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