History & Background
Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 as a development financial institution to assist small and medium-sized entrepreneurs. The Bank's role includes the provision of various financing facilities, training, and advisory services, particularly to the Bumiputera entrepreneurs. Today, BPMB provides medium to long-term financing to the strategic sectors of the economy.
Owned by the Minister of Finance Incorporated, BPMB has been accorded the highest rating of 'AAA' by both RAM Rating Services Berhad ("RAM") and Malaysia Rating Corporation Berhad ("MARC"). It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.
With a Group Total Assets value of RM25 billion (as at 31 December 2019), the BPMB Group is well-positioned to meet the financing and business development needs of Malaysian businesses.