Bank Pembangunan completes acquisition of Exim Bank, SME Bank


KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) today announced the successful acquisition of shares in Export-Import Bank of Malaysia Bhd (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) from Minister of Finance (Incorporated). 

In a statement today, BPMB said the transaction was completed based on the net tangible assets of EXIM Bank and SME Bank as of Dec 31, 2023.

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