Finance Minister Lim Guan Eng said in his Budget 2020 presentation that Bank Negara is proposing a two-phase restructuring plan for the country’s DFIs to form a new financial institution through the merger of Bank Pembangunan Malaysia Bhd, Danajamin Nasional Bhd, SME Bank and Export-Import Bank of Malaysia Bhd to strengthen the development finance ecosystem
THE proposal to merge four development financial institutions (DFIs) in the country could create an entity with a larger balance sheet that, in turn, could result in greater efficiencies and better cost controls.
However, with these institutions serving different mandates, the operational side would be something that the government would need to address, according to industry players.
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