Bank Industri, Matrade team up to boost exports with finance and credit insurance


Bank Industri and Teknologi Malaysia Bhd and Malaysia External Trade Development Corp (Matrade) have teamed up to spur Malaysia's exports and competitiveness in the global market.

Bank Industri chairman Datuk Othman Mohd Rijal said both parties will identify areas of cooperation, particularly in financing and export promotions. “Among other things, the bank will cooperate with Matrade in the organisation and development of local and overseas trade promotion and facilitation activities. Both parties will also do trade matching between local companies and foreign importers.”

Earlier, Othman signed a memorandum of understanding (MoU) with Matrade's chairman Datuk Ahmad Husni Mohamad Hanadzlah.

Under the agreement, the bank will source exporters in need of financing from Matrade.



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