Export-Import Bank of Malaysia Berhad (“EXIM Bank”) today unveiled its EXIM Go-Export Financing programme (GEFP 2023) that provides financing to small and medium enterprises (SMEs) and corporate clients, enabling them to invest and grow in the areas of export development, green technology and supply chain ecosystem. GEFP comprises three (3) programmes known as EXIM Go-SMExport, Go-Export ACE, and Go-Export GreenTech.
Seen as a catalyst for businesses, these financing programmes will enable SMEs and corporate clients to grow their business, obtain funds for cashflow requirements, or expand in strategic green-tech and/or other tech sectors.
During the launch, the Minister of Investment, Trade and Industry (MITI) Malaysia, Tengku Datuk Seri Utama Zafrul Aziz said: “The fast-changing global landscape requires SMEs to be agile and responsive to key themes such as ESG and IR4.0. As SMEs form the backbone of our economy, they deserve all possible support to make them future-ready. EXIM’s financing for export development, green technology and supply chain ecosystem are welcome solutions to SMEs’ most common challenges. When our SMEs are better-equipped to take on challenges related to funding, tech adoption and ESG, they will not only secure their growth path, but also become more resilient for global supply and value chains.
EXIM Bank’s President and Chief Executive Officer, Arshad Ismail said: “Our aim is to support SMEs and corporate clients build a successful export business. The EXIM Go Export programme is a tailor-made banking solution that prioritises the needs of our customers and ensures our offerings align with their specific exporting business requirements. In supporting business communities develop the skills and confidence they need to succeed; we are helping them grow – and that fulfils our mandate.”
EXIM Go-SMExport is created to support and strengthen SMEs’ production capacity and capabilities to enter the global market, while Go-Export Anchor Company Ecosystem (ACE) is a supply chain solution to facilitate anchor companies in building and maintaining a resilient ecosystem and improve business continuity of their suppliers and vendors. Vendors get quick access to funds and anchor companies enjoy greater flexibility in credit terms. EXIM Go-SMExport and Go-Export ACE is open to all sectors, particularly electrical and electronics, digital economy, pharmaceutical, aerospace and chemicals, in line with Malaysia’s National Investment Aspirations and New Investment Policy.
EXIM Go-Export Green Technology (GreenTech), on the other hand, is a comprehensive, sustainability-driven financing programme designed to help exporters grow by investing in strategic sectors such as automation, digital tech, green tech and biotech.
EXIM Bank also offers a takaful protection scheme to help Bumiputra exporters expand their markets and protect them from the risk of unpaid credit. Through collaboration with TERAJU, the contribution for this takaful policy will be subsidised for eligible Bumiputra companies. This is yet another initiative by EXIM to encourage the global expansion of Bumiputra companies.
At the programme launch, EXIM Bank also formalised its collaboration with Etiqa General Takaful Berhad and Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) through the signing of two Memorandums of Understanding (MoU).
The first MoU with Etiqa General Takaful Berhad is to strengthen the cross-selling of general takaful products and financing facilities to promote domestic and export-oriented production.
The MoU with SJPP, on the other hand, is to strengthen their existing collaboration in implementing financing facilities, guarantee schemes on domestic and export-oriented propositions, including programmes related to financing, guarantees or advisory.
EXIM Bank was represented by its President and Chief Executive Officer, Arshad Ismail, witnessed by Tengku Datuk Seri Utama Zafrul Aziz and EXIM Bank’s Chairman Dato’ Azman Mahmud. Etiqa General Takaful Berhad was represented by its Chief Executive Officer, Shahrul Azuan Mohamed, who was witnessed by its Head of Enterprise Corporate, Asmah Daud; while for SJPP, the signatory was its Principal Officer, Chen Yin Heng, with its Senior General Manager, Azlan Mohd Agel, as witness.
Amongst the other entities present at the event were MIDA, MATRADE, SIRIM, MARii, HDC, TERAJU, Malaysian Exporter Academy and Dewan MyGerak Eksport Malaysia.
About EXIM Bank of Malaysia Berhad
The Export-Import Bank of Malaysia Berhad (EXIM Bank) was incorporated on 29 August 1995 and is wholly-owned by the Government of Malaysia. The Bank has assisted a diverse range of Malaysian business in various sectors in their global ventures. EXIM Bank takes pride in meeting its mandated role of stimulating and enhancing the competitiveness of Malaysian industries for exports and investments globally via the provisioning of internationally and domestically competitive banking and insurance products and advisory services. The Bank also offers Shariah-compliant financing and Takaful instruments. For more information, visit www.exim.com.my.
