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NEWS UPDATES Asean Affairs         7  July 2011

Malaysia's Exim Bank pushes for alliances

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Exim Bank Malaysia is seeking to build strong alliances with other Asian Exim banks to drive forward initiatives for more cross-country businesses.

Managing director and chief executive director Adissadikin Ali said there were many deals that were too big for one exim (export-import) bank to handle.

There are deals that we know can be made together because there are multiple elements in them. (For instance, we can work out a deal to have) contractors from Malaysia and the supplies from South Korea or China and so on," he said yesterday when opening the Asian Exim Banks Forum in Kuala Lumpur.

Adissadikin said: "The forum is a platform for us to tap into this alliance of all the Asian exim banks to enable cross-country trade. I think we are yet to see any real co-financing being done in a big way."

He added that the new global regulatory standard on banks' capital adequacy and liquidity, Basel III set as the forum's theme, was "apt for the environment that we are in at the moment".

"Some exims are not regulated and will have indirect impact on us because exims are not forerunners in giving financial schemes to industries, but rather a complement to commercial banks," he said.

The annual forum being the second time hosted by Malaysia since 10 years ago saw the attendance of all 16 Asian countries.

On a separate note, Adissadikin said that there were several impending projects taking off under Exim Bank's capacity building programme with RM1bil loans to be given out by the end of this year.

"We are looking to diversify the sectors now. We will bring in hoteliers and others which we have not before," he said.

Construction and infrastructure-related companies get the bulk of finances of about 30%. He added that the bank would announce a few major deals that will ripen in the next few months.

One deal is with with Asian Development Bank to smoothen the route for local businesses to import from Asian countries.

The bank has approved RM 400 million (US$132.7 million) worth of deals so far for this year.


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AseanAffairs   04 January 2011
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