History & Background
Bank Pembangunan Malaysia Berhad (BPMB) was incorporated on 28 November 1973 and began operation on 8 June 1974. BPMB landed its first significant role in the development of the Malaysian economy by assisting entrepreneurs involved in small and medium-sized industries through the provision of various financing facilities, training and advisory services, particularly to the Bumiputera entrepreneurs.
BPMB achieved another milestone in December 1998 by providing financing to infrastructure projects, particularly Government-backed projects. In early 2002, BPMB further enhanced its role as a development finance institution by offering corporate advisory and underwriting services to companies that were involved in the development of infrastructure projects.
Today, BPMB is mandated to provide medium to long term financing to the infrastructure, maritime, technology and oil & gas sectors. Through its wholly-owned subsidiary Pembangunan Leasing Corporation Sdn. Bhd (PLC), BPMB also provides financing to small and medium-sized businesses including those involved in manufacturing, construction, supply, transportation, agriculture, hospitality and information technology. BPMB’s venture capital arm, Global Maritime Ventures Berhad (GMV) is the country’s principal equity venture capital provider in the maritime industry mandated to play a strategic role in the development of the national maritime business sector.
With a combined asset value of about RM30 billion, the BPMB group is well positioned to meet the financing and business development needs of Malaysian businesses in the priority sectors.