Corporate Info

Incorporated in 1973, Bank Pembangunan Malaysia Berhad (“BPMB”) is one of Malaysia’s first Development Financial Institutions (“DFIs”) and is wholly owned by the Malaysian Government through the Minister of Finance Inc.

 

Since inception, the Bank has been providing a path to Malaysia’s infrastructural solutions and was mandated to provide medium to long-term financing to the nation’s nascent infrastructure, maritime, oil and gas and technology sectors. With a focus on these four main sectors, BPMB has played a key role in Malaysia’s development for close to five decades.

 

Evolving with the nation’s progress, BPMB has evolved beyond serving the early developmental needs, shifting gears from being a provider of development finance to a catalyst for a new economy. Being sector agnostic, the Bank has expanded its focus from the four sectors mandated during inception. BPMB is now aligning its strategies with the Government’s initiatives on Sustainability, Digitalisation and Technology. In addition to financial viability, the Bank is setting its sights firmly on impactful projects, pursuing the shift towards impact assessment, regardless of sector.

 

In 2019, BPMB embarked on its 3-Year Strategic Transformation Plan 2020-2022 with a sharpened vision and mission to spark and support Malaysia’s emerging development needs, whilst embracing a mind-set shift towards creating meaningful and sustainable impact.

 

BPMB’s new vision is to be Malaysia’s leading developmental partner which entails a new mission—Impactful delivery with strategic outcomes—supported by three strategic thrusts such as:

 
 

• Embracing Paradigm Shift

• Supporting Government’s Strategic Priority Areas

• Adhering to Islamic Principles

 

In particular, the strategic thrust on Embracing Paradigm Shift outlines the overarching cultural shift for all staff to embrace a success maximisation mind-set to enable BPMB to transform into a change agent that drives national development, provides solutions and creates sustainable impact.

 

To achieve this, BPMB identified four Core Values that form the backbone of a cultural shift critical to deliver BPMB’s refreshed vision and mission. These Core Values are known as BPMB’s “Back-to-Basic Principles” designed to guide employees to align their behaviours towards an impact-oriented mind-set:

 

• I am worthy of your trust

• I will speak and seek the truth

• I will seek knowledge to remain relevant

• I will not let you down

 

In line with BPMB’s aim to move forward as a sustainable organisation, the Bank, in collaboration with various government ministries and the World Bank has developed a framework called Measuring Impact on National Development (MIND) to measure impact on national development. The framework is developed to ensure support is provided to projects that balance positive impact on the present as well as the future.

 

Guided by this new mind-set shift, the Bank will assess projects to ensure they make a sustainable and meaningful contribution to the nation’s development and support projects that have the best outcomes for everyone — benefitting people, the environment and national development. BPMB’s evidence based approach will guide the Bank in enhancing the development impact of its operations, aligning itself with the national development agenda while remaining financially sustainable.

 

In particular, the strategic thrust on Embracing Paradigm Shift outlines the overarching cultural shift for all staff to embrace a success maximisation mind-set to enable BPMB to transform into a change agent that drives national development, provides solutions and creates sustainable impact.

 

MIND actively supports the United Nation’s (UN) Sustainable Development Goals (SDGs) which are already embedded in the 3-Year Strategic Transformation Plan. MIND promotes concerted action in all business dealings – targeting the following five SDGs:

 

• SDG 7 – Affordable and clean energy

• SDG 8 – Decent work and economic growth

• SDG 9 – Industry, innovation and infrastructure

• SDG 10 – Reduced inequality

• SDG 13 – Climate action

 

BPMB will strive to achieve sustainable and inclusive growth, consistent with the Government’s development agenda as well as the 2030 Agenda for Sustainable Development advocated by UN which sets out the 17 SDGs.