Return to Full Page

THE STAR - Bank Pembangunan to disburse up to RM4.5bil loans in 2018
TUESDAY, 16 January 2018

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) is aiming to disburse up to RM4.5bil in loans in 2018, up from about RM4bil last year. President/group chief executive officer Shaharuddin Zainuddin said a big chunk of the loans would be allocated for the infrastructure segment even though the bank was looking at rebalancing its portfolio to the other three mandated sectors.

The bank is mandated to provide financing to the infrastructure, oil and gas (O&G), maritime and technology sectors. “Malaysia has massive infrastructure needs, at least for the next 15 to 20 years, so we are looking at devoting much more of our loan book towards Sabah, Sarawak and various economic corridor projects in Peninsular Malaysia,” he said. Shaharuddin said currently BPMB allocates around 70% of the loans to infrastructure segment, followed by O&G segment (10%-15%) and the remaining to technology and maritime segments. “We are also looking at financing projects such as the Mass Rapid Transit and Pan-Borneo Highway in Sabah as well,” he said.

« Back