Bank Pembangunan Completes Strategic Acquisition of EXIM and SME Bank
Deal News | May 01, 2025 | EIN
In a strategic move to bolster its developmental financing capability, Bank Pembangunan Malaysia Bhd (BPMB) has completed the acquisition of Export-Import Bank of Malaysia Bhd (EXIM Bank) and Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank). The acquisition, finalized based on the net tangible assets as of December 31, 2023, positions BPMB as a more potent entity in delivering impact capital aligned with national policies such as the Malaysia MADANI Economic Framework and others. The integration of these banks enhances BPMB’s capacity, allowing it to maintain its workforce of over 2,000 while expanding its mandate to support developmental funding, particularly for Bumiputera entrepreneurs, SMEs, and sustainability initiatives. For 2024, BPMB has allocated RM8.3 billion to drive national development, capitalizing on revenue and cost synergies from the merger. This acquisition is part of a larger restructuring effort of Malaysia’s development financial institutions, as announced during the Budget 2024 presentation by Prime Minister Datuk Seri Anwar Ibrahim.
Sectors
- Financial Services
- Development Finance
Geography
- Malaysia – The entire transaction and the operations of the involved banks are based in Malaysia, aligned with Malaysia's national economic policies and plans.
Industry
- Financial Services – This industry encompasses the operations of BPMB, EXIM Bank, and SME Bank, as these are financial institutions providing banking and financial services.
- Development Finance – The focus of BPMB and its subsidiaries on developmental financing aligns with national policies and economic frameworks, aiming to support infrastructure, SMEs, Bumiputera entrepreneurs, and sustainability initiatives.
Financials
- RM8.3 billion – The allocation made by BPMB for national development through strategic programmes post-acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bank Pembangunan Malaysia Bhd (BPMB) | Acquiring Entity | Company | A Malaysian development financial institution focused on delivering impact capital for national development. |
| Export-Import Bank of Malaysia Bhd (EXIM Bank) | Target Company | Company | A Malaysian bank providing financing solutions to support exporters and importers, now a subsidiary of BPMB. |
| Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) | Target Company | Company | A Malaysian bank focused on supporting SMEs through financial solutions, now a subsidiary of BPMB. |
| Minister of Finance (Incorporated) | Selling Entity | Government | A body through which the government holds stakes in wholly or partially government-owned entities. |
| Prime Minister Datuk Seri Anwar Ibrahim | Government Official | Person | The Prime Minister of Malaysia who announced the restructuring of development financial institutions in Budget 2024. |