Exim Bank To Enhance Role In NIMP 2030, Boost Financing For Malaysian MSMES
KUALA LUMPUR, Oct 22 (Bernama) -- Export-Import Bank of Malaysia Bhd (EXIM Bank) is set to reinforce its role within the New Industrial Master Plan (NIMP 2030) ecosystem by providing financing to deserving Malaysian companies, including micro, small and medium enterprises (MSMEs).
Acting president and chief executive officer Nurbayu Kasim Chang said the bank is committed to empowering MSMEs by intensifying support to help them penetrate global markets.
“We appreciate the MADANI government’s ongoing commitment to aiding exporters and will continue our dedicated efforts to support the SIP2 (Exporter Sustainability Incentive Scheme) initiative,” she said in a statement today.
SIP2 is designed to help local exporters expand into international markets, particularly in non-traditional sectors and regions.
Under the RM750 million SIP2 scheme, EXIM Bank will offer financing of up to RM20 million per exporter, with an incentivised financing rate of up to 1.0 per cent, for a tenure of up to seven years.
This initiative represents a significant effort to ease the financial burden on local exporters while boosting their global competitiveness.
As part of the 2025 Budget, the government will provide EXIM Bank with an additional allocation of RM750 million under SIP2.
In line with the National Investment Aspirations (NIA) and NIMP 2030, EXIM Bank said its focus remains on supporting Malaysia’s export growth, especially within ASEAN and non-traditional markets.
As Malaysia prepares to assume the ASEAN Chairmanship in 2025, the bank aims to further align its strategies with national goals to enhance trade and investment in these key markets.
“EXIM Bank is committed to contributing to the Belanjawan MADANI 2025 agenda and will continue to support Malaysia’s global trade ambitions by facilitating growth for MSMEs and large enterprises alike, ensuring the nation’s export-driven industries remain competitive on the world stage,” it said.
To date, EXIM Bank has disbursed RM290 million under SIP2, supporting over 37 Malaysian companies in strengthening their export capabilities.
The bank remains dedicated to driving the sustainable, long-term growth of Malaysian enterprises through tailored financial solutions and advisory services, ensuring local businesses have the tools they need to thrive in international markets.
-- BERNAMA