(Top row, from left) Bank Pembangunan Malaysia Bhd chairman Datuk Seri Nazir Razak and Credit Guarantee Corp Malaysia Bhd chairman Datuk Mohammed Hussein, together with (bottom row, from left) Bank Pembangunan Malaysia Bhd president and group chief executive officer Arshad Mohamed Ismail and Credit Guarantee Corp Malaysia Bhd president and chief executive officer Datuk Mohd Zamree Mohd Ishak at a virtual event that saw Bank Pembangunan Malaysia Bhd signing agreements with Credit Guarantee Corp Malaysia Bhd and Minister of Finance Inc for the 100% acquisition of Danajamin Nasional Bhd.
KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) chairman Datuk Seri Nazir Razak has called for the rapid consolidation of development financial institutions (DFIs) in the country as there are too many sub-scale DFIs with overlapping mandates.
“One of Malaysia’s economic problems is that we have too many sub-scale DFIs and overlapping DFI mandates. A transformation of the sector is long overdue.
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