Nazir Razak calls for rapid consolidation of DFIs

Datuk Seri Nazir Razak

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) chairman Datuk Seri Nazir Razak has called for the rapid consolidation of Development Financial Institutions of (DFIs) in the country as there are too many sub-scale DFIs with overlapping mandates.

"One of Malaysia’s economic problems is that we have too many sub-scale DFIs and overlapping DFI mandates. A transformation of the sector is long overdue.