BPMB, EXIM Bank provide joint financing for offshore oil and gas milestone

From left: Faizah Mustapa, chief business officer of EXIM Bank Malaysia, Mahyudden Abdul Wahab, director and shareholder of Duta Marine and Mohamed Nazri Omar, managing director, group corporate and investment banking of BPMB after the signing of the FSO Permata Dulang financing agreement

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) and Export-Import Bank of Malaysia Bhd (Exim Bank), both part of the BPMB group, today formalised a milestone financing deal with Duta Marine Sdn Bhd for the FSO Permata Dulang Project. 

In a joint statement, the two banks said this marked their first joint transaction following the merger, reflecting the strengthened synergy and unified strategic direction within the group.