Exim Bank to finance more projects in Indonesia

Export-Import Bank of Malaysia Bhd (Exim Bank) plans to finance up to four infrastructure projects in Indonesia as it seeks to increase its lending to RM5 billion this year.

Director and CEO Datuk Adissadikin Ali said the bank is already sending feelers to finance the Indonesian projects with related parties.

“We see Indonesia as a place that has a need for electricity, and we are looking at financing some renewable energy projects there,” he said.

He said Exim Bank, which is a unit of the Ministry of Finance Inc, is confident about reaching its target of RM5 billion loans despite the sluggish economic situation.

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Posted May 10, 2013 by repit in News

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