BPMP said the three banks are better positioned to expand and strengthen their existing mandates to bridge the country’s developmental funding gap.
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has 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 Finance Minister (Incorporated).
In a statement yesterday, BPMB said the transaction was completed based on the net tangible assets of Exim Bank and SME Bank as of Dec 31, 2023.
