Institution details
MEXIM - Export-Import Bank of Malaysia Berhad (Malaysia Eximbank)
Key facts
- Established in 1995
- Ownership: Public
Not Part of the OECD
Part of the Berne Union
- Export-Import Bank of Malaysia Berhad Aras 1, Exim Bank Jalan Sultan Ismail P.O.Box 13028
- +603 26012000
- https://www.exim.com.my
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BB- |
Country rating | S&P | Local currency | BB- |
Products
- Buyer credit
- Export of services
- Buyer credit guarantee
- Supplier credit
- Export trade credit insurance
- ADB-EXIM trade finance program
- Other products
Buyer credit
- Financing for foreign buyers of Malaysian goods and services
- Eligibility:
- The supplier/contractor must be a Malaysian-owned and controlled company
- Product exported from Malaysia must be of Malaysian origin - Maximum loan amount: Up to 85% of the project cost or contract value
- Tenor:
- Private foreign company: Up to 10 years
- Foreign government: Up to 15 years - Interest rate:
- Cost of funds plus a spread based on risk assessment considerations - Currency: USD, EUR, and other currencies at agency’s discretion
- Repayment: Monthly, quarterly, or semi-annual options
- Disbursement: Directly to contractor, supplier, or project owner
- Fees: Processing fee of 1.0% of the financing amount
Export of services
- Available to Malaysian-owned and controlled companies engaged in the provision of services for the global market
- Eligibility:
- The service provider/contractor must be a Malaysian-owned company - Maximum loan amount: Up to 70% of the project cost or contract value
- Tenor: Up to 5 years
- Interest rate: Cost of funds plus spread
- Currency: MYR, USD, EUR, and other acceptable currencies
- Repayment: Monthly, quarterly, or semi-annual options
- Disbursement:
- Directly to supplier
- Directly to the borrower for overhead expenses or as reimbursement of previously incurred expenses - Fees: Minimum processing fees of 1.0% of the financing amount; fees are waived for SMES
Buyer credit guarantee
- Malaysian exporters can help the overseas buyer secure a long-term Malaysia EXIM Bank guaranteed financing
- Covered tenor: 3–6 months beyond invoice due date
- Eligibility:
- Existing contract with minimum value of MYR 2 million or foreign currency equivalent
- The commercial contract must have a minimum Malaysian content of 30% in the form of goods and services
- Product disclosure sheet must be included with application - Cover:
- The lending bank can finance up to 85% of the contract value, while the 15% balance must be paid directly by the buyer to the exporter as down payment prior to the start of the credit period
- For public buyers, 100% financing is allowed - Repayment tenor: Between 2 and 15 years
- Fees:
- Processing fee of 1% (subject to change) on insured amount
- Minimum MYR 1,000 and a maximum MYR 20,000 (or foreign currency equivalent)
Supplier credit
- Financing for Malaysian manufactures and traders’ export trade financing requirement
- Products:
- Pre-shipment: Working capital for production of goods
- Post-shipment: Finance shipment amount of invoice - Eligibility: Companies registered under Company Act 1965
- Maximum loan amount:
- Pre-shipment: Up to 85% of export order value
- Post-shipment: Up to 100% of export invoice - Tenor:
- Pre-shipment: Up to 120 days (longer exceptionally)
- Post-shipment: Up to 180 days (longer exceptionally) - Interest rate: Cost of funds plus spread
- Currency: MYR, USD, and EUR currencies at agency’s discretion
- Repayment: Monthly, quarterly, or semi-annual
- Disbursement:
- Pre-shipment: Direct to the local suppliers or exporters
- Post-shipment: Direct to exporter - Fees: 1.0% on the financing amount
Export trade credit insurance
- Post-shipment insurance against non-payment by foreign buyers
- Term: 1 year with annual renewals
- Risk exposure commences when the goods are shipped to overseas buyers
- Risks covered: Commercial and political
- Coverage percentage:
- Commercial: Up to 90% - - Political: Up to 95%
- Maximum financing size:
- Medium-term: USD 10 million
- Long-term: No limit - Credit terms: Up to 180 days
- Eligibility:
- Malaysian entities registered under Companies Act of 1965
- Minimum 2 years in operation
- No adverse track record in the credit database
- Minimum capital of MYR 100,000
- Evidence of export during the previous 12 months - Fees:
- Credit limit application fees: MYR 250 per buyer
- Annual review of buyer: MYR 250
ADB-EXIM trade finance program
- EXIM Bank confirms L/C’s issued by 78 Asia Development Bank participating issuing-banks from 16 Asian countries
- Eligibility:
- Exporter must be a Malaysian-incorporated company
- Trade between Malaysia and 43 ADB Developing Member Countries
- Goods that are not on the list of ADB excluded goods and contracts - Guarantee amount: Up to 100%
- Tenor: Matches L/C terms
- Currency: MYR, USD, EUR, and other currencies
- Fees: 0.1% of the guarantee amount
Other products
- MalaysiaKitchen financing facility
- Bond risk insurance
- Overseas project financing
- Overseas contract financing
- Overseas investment financing
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Insurance | Short-term | Comprehensive | 90% |
Insurance | Short-term | Political | 95% |
Guarantee | Medium/long-term | Comprehensive | 100% |
Performance highlights
What's new?
- Export-Import Bank of Malaysia Berhad (Exim Bank) will soon be placed under the International Trade and Industry Ministry (MITI) alongside SME Bank Malaysia
- Provides conventional and Islamic finance, as well as Shariah-compliant products
- Corporate governance guidelines and social and environmental responsibilities
- Green Lane policy to promote innovation at SMEs