Bank Pembangunan completes purchase of Danajamin

BPMB chairman, Datuk Seri Nazir Razak said, “As one of Malaysia’s oldest DFIs, we are cognisant of the need for BPMB to play an enhanced role to bolster Malaysia’s economic development to meet its medium to long-term growth aspirations.”

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has completed the conditions in the acquisition of Danajamin Nasional Bhd which will make it a wholly-owned subsidiary.

BPMP said on Friday it had fulfilled the conditions in the sale and purchase agreements (SPAs) with Credit Guarantee Corporation Malaysia Bhd (CGC) and Minister of Finance (Incorporated) (MOF Inc.) for the 100% acquisition of Danajamin.