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Friday, 15 October 2021, Kuala Lumpur – Reinforcing its strong commitment as the country’s leading sustainable development finance provider, Bank Pembangunan Malaysia Berhad (BPMB) launched its Impact Assessment Framework – Measuring Impact on National Development (MIND).


Complementing the MIND framework, BPMB also established the Sustainable Development Sukuk Framework – setting out the principles under which the Bank issued its Sustainable Development Sukuk. BPMB successfully priced its inaugural 7-year Sustainability Sukuk Wakalah on a private placement basis. It is targeted at selected strategic ESG-focused (Environmental, Social and Corporate Governance) accounts, which is a strong testament towards BPMB’s credit and ESG agenda.


Given the strong interest in the Sustainability Sukuk Wakalah, BPMB exercised its option to upsize the transaction from its initial target issue size of RM300 million to RM450 million. This affirms investors’ overwhelming support of BPMB’s commitment towards sustainable financing and the ESG agenda.



Jointly developed with the World Bank Group and in collaboration with various ministries, the MIND Framework is largely anchored on the United Nations’ Sustainable Development Goals (SDGs). As an end-to-end impact framework, MIND complements the Bank’s current credit evaluation process by quantifying development impact. All projects are measured against a set of 32 developmental indicators – selected based on their relevance to BPMB’s mandate and the Government’s priorities.


As at July 2021, 82 transactions have been evaluated using MIND with the following estimated development impact to be materialised upon completion of projects:-

  • 5,185 jobs created during and post-construction periods;
  • 177,720 megawatt hour of total renewable energy generated annually;
  • 1,880 units of affordable homes and workers’ quarters built; and
  • On average approximately 33,880 direct beneficiaries including 6,000 students per day benefit from the projects.


A virtual launch ceremony was held recently and was officiated by BPMB’s Chairman, Dato’ Sri Nazir Razak. Also in attendance was BPMB’s President/Group Chief Executive Officer, Arshad Mohamed Ismail along with the Bank’s Board Members and Senior Management team. It was also attended by Senior Officers from Ministry of Finance Malaysia, Bank Negara Malaysia, representatives from the United Nations, World Bank, various leading educational institutions as well as the Bank’s valued customers and strategic partners.


BPMB’s Chairman, Dato’ Sri Nazir Razak said, “Development financial institutions (DFIs) typically assess their lending and investing from an impact perspective, alongside traditional financial performance measures namely credit risk and profitability. Therefore, an effective impact assessment framework is paramount to ensure these developmental elements can be objectively defined and measured. This is so that decisions are made on clear and objective grounds to ensure that our precious resources will be properly allocated and good governance practice is upheld across all facets of our operations.”


“As one of Malaysia’s oldest DFIs, it is imperative that we are able to meaningfully measure and quantify the potential developmental outcomes of the projects we finance in line with our mission of providing “Impactful Delivery with Strategic Outcomes”. Therefore, the launch of our Impact Assessment Framework is a significant milestone for BPMB and is a testament of our strong commitment to move towards impact driven financing as the leading sustainable development finance provider in Malaysia,” Nazir added.


BPMB’s President/Group Chief Executive Officer, Arshad Mohamed Ismail elaborated, “Sustainability is key in everything that we do in our efforts to serve Malaysia’s evolving developmental needs. As the financial sophistication of the nation continues to advance, it was evident that BPMB needed to transform to realise our vision to be Malaysia’s Leading Developmental Partner. We recognise that we have a counter-cyclical role to play to ensure those who are most vulnerable will be able to navigate the much anticipated economic upturn and drive Malaysia into a high-income economy. We will continue to support the Government to revitalise and reinvigorate the economy through our various products and financing solutions with an emphasis on Digitalisation, Inclusivity and Sustainability.”





PIC 1: BPMB’s Chairman, Dato’ Sri Nazir Razak launches the Bank’s Impact Assessment Framework


PIC 2: BPMB’s Impact Assessment Framework Virtual Launch Ceremony



Bank Pembangunan Malaysia Berhad (“BPMB”) was incorporated on 28 November 1973 as a development financial institution. BPMB’s role includes the provision of various corporate financing facilities and training and advisory services, particularly to Bumiputera entrepreneurs. Today, BPMB is focused on medium to long-term financing in sectors deemed strategic to national economic development.


Owned by Minister of Finance (Incorporated), BPMB has been accorded the highest rating of ‘AAA’ by both RAM Rating Services Berhad and Malaysia Rating Corporation Berhad. It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.


BPMB is strongly capitalised and positioned for growth. As at 31st December 2020, BPMB Group has Total Assets valued at RM23.5billion and shareholders’ funds of RM7.9billion.