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April 25, 2015 5:13 AM ET

Diversified Financial Services

Company Overview of Bank Negara Malaysia

Company Overview

Bank Negara Malaysia operates as a central bank for Malaysia. It acts as the banker for the currency issue. The company engages in keeping international reserves; adopting monetary policy and managing the financial system; and providing financial advises and banking services to the banks and government. It also operates public service centers to provide financial advisory services to members of the public and businesses. The company was founded in 1959 and is headquartered in Kuala Lumpur, Malaysia with representative offices in New York, New York; and London, the United Kingdom. It has branch offices in Pulau Pinang, Johor Bahru, Kota Kinabalu, Kuala Terengganu, Kuching, and Shah Alam, Mala...

Jalan Dato' Onn

P.O. Box 10922

Kuala Lumpur,  50929

Malaysia

Founded in 1959

2,829 Employees

Phone:

60 3 2698 8044

Fax:

60 3 2691 2990

Key Executives for Bank Negara Malaysia

Chairman and Governor
Head of Administrative and Director of Specialist Risk Unit
Director of Corporate Communications, Assistant Governor and Secretary to the Board
Head of Regulation & Supervision Administration Unit
Chief Representative of Beijing Representative Office
Compensation as of Fiscal Year 2014.

Bank Negara Malaysia Key Developments

Bank Negara and Bank of China Renew Bilateral Currency Swap Deal

Bank Negara Malaysia and People's Bank of China signed an agreement to renew the currency swap arrangement for another three-years, with the size maintained at MYR 90 billion (RMB 180 billion). The renewed bilateral currency swap arrangement reinforces the on ­going commitment by both central banks in promoting the use of local currencies for payment settlement. The currency swap arrangement will further reinforce the economic and financial linkages, as well as promote bilateral trade and investment flows between Malaysia and China. The original arrangement was established in 2009 and first renewed in 2012.

Bank Negara Malaysia Appoints New Members for Small Debt Resolution Committee

Bank Negara Malaysia has appointed new committee members for the Small Debt Resolution Committee, effective March 1, 2015. BNM said former president/chief executive officer of Credit Guarantee Corp. Malaysia Bhd, Datuk Wan Azhar Wan Ahmad, has been appointed chairman of the committee to succeed Md Yusof Hussin. Md Yusof retired after serving the committee for over 10 years. Other members include: Datuk Mohd Hanif Sher Mohamed (Credit Counselling and Debt Management Agency chairman); Datuk David Chua Kok Tee (Associated Chinese Chambers of Commerce and Industry of Malaysia Executive Adviser); Datuk Dzulkifli Fadzilah (Perbadanan Usahawan Nasional Bhd CEO); Ariffin Hew (former director, Bank Pembangunan Malaysia Bhd); Jeffrey Chew (Former CEO, OCBC Bank (M) Bhd); Fauziah Hisham (J.P. Morgan Chase Bank Bhd chairman); Sarojini Ruth Rajasher (National Association of Women Entrepreneurs of Malaysia president); and, Jeremy Lee Eng Huat (Financial Mediation Bureau CEO and representative of BNM). BNM said the committee would take charge of the Small Debt Resolution Scheme, established in 2003, to provide assistance to small and medium enterprises that are constrained by financial difficulties which affected their financing repayment obligations.

Bank Islam Malaysia Mulls Acquisitions

Bank Islam Malaysia Berhad is awaiting approval from Bank Negara Malaysia and the Securities Commission Malaysia to move forward with the sukuk issuance, which will be used to raise funds for organic growth as well as for future acquisitions, possibly in Indonesia.

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