Bank Pembangunan offers RM5.6b worth of financing schemes

by S BIRRUNTHA / pic credit:

BANK Pembangunan Malaysia Bhd (BPMB) is offering five financing schemes worth RM5.6 billion to facilitate and support businesses in this challenging Covid-19 period.

President and group CEO Arshad Mohamed Ismail (picture) stated that the financing scheme offered was in addition to the bank’s general corporate banking facilities.

“The schemes are offered at preferential financing rates, targeting key strategic sectors namely digitalisation, sustainability, maritime and logistics, tourism and public transportation.

“Looking ahead, BPMB will continue to play a key role to support Malaysia’s economic recovery by aligning the bank’s strategies with the government’s initiatives on sustainability, digitalisation and inclusivity,” he said in a statement yesterday.

BPMB has reiterated its commitment to fully support the development of the socio-economic wellbeing of people in line with the government’s mandate for development financial institutions (DFIs) to help the country during the recovery period.

Arshad said BPMB’s commitment is also in line with the spirit of #KeluargaMalaysia as part of Malaysia’s economic recovery strategy.

He said BPMB, as one of the local DFIs, understands the impact of Covid-19 has been deeply felt by the people.

“The prolonged global pandemic has certainly affected all of us, namely individuals and also small and medium enterprises resulting in unemployment or reduction in business.

“Thus, in line with our developmental mandate, we remain committed to do our very best to support the country’s economic recovery,” he noted.

Arshad added that the bank stands steadfast in helping accelerate Malaysia’s journey to economic recovery and urged all industry players to continue to play an active role in helping the community weather the current difficult period.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz recently emphasised the need for DFIs to play a strategic and important role in the country’s efforts to restore and retain the capacity of businesses to provide employment opportunities and support livelihoods.