BANK PEMBANGUNAN MALAYSIA BERHAD’S RESPONSE TO BUDGET 2023 ANNOUNCEMENT
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Friday, 24 February 2023, Kuala Lumpur – We express our gratitude to the Government for presenting Budget 2023. As the country’s premier Developmental Financial Institution (DFI), BPMB is committed to working closely with the Government to ensure sustainable growth for Malaysia by delivering impact capital for national development.
Budget 2023 mandates BPMB to provide financing of up to RM6 billion for strategic development projects that promote sustainability and automation, as well as equity and working capital support for high-performing companies that are still dealing with the COVID-19 pandemic's adverse effects.
BPMB’s response to the Budget Statement is as follows:
- The MADANI Budget aligns with BPMB's purpose of delivering impact capital for national development. Our MIND impact assessment framework evaluates development projects not only for financial and economic viability but also from an environmental and social inclusivity perspective to ensure balanced and sustainable national development.
- BPMB’s Dedicated Schemes:
- Sustainable Development Financing Scheme;
- Industry Digitalisation Transformation Scheme;
- Maritime and Logistic Scheme;
- Tourism Infrastructure Scheme; and
- National Development Scheme;
embody the values that form the Pillars of MADANI:
Sustainability, Prosperity, Innovation, Respect, Trust and Compassion.
- BPMB has been a strong partner to businesses since its inception, supporting the development of Malaysia’s economy and improving the lives of the Rakyat. With this Budget, we renew this commitment and are proud to continue to serve the nation.
About Bank Pembangunan Malaysia
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. With a Group Total Assets value of RM26.1 billion (as at 31 December 2021), the BPMB Group is well-positioned to meet the financing and business development needs of Malaysian businesses.
For more information, please contact:
- Irwan Abdul Rahman
012-4808824
irwan.rahman@bpmb.com.my - Corporate Communications Department
gcc@bpmb.com.my