Development Financial Institutions (with Deposits Taking Functions) Companies in Malaysia

Development financial institutions (with deposits taking functions) companies in Malaysia are specialized banks that provide financing and banking services to support the development of specific sectors of the economy. These banks are typically owned by the government or by a group of private investors, and they are subject to special regulations designed to promote economic development. In Malaysia, development financial institutions include the Malaysian Industrial Development Finance Berhad (MIDF), the Small and Medium Industries Development Bank of Malaysia (SMIDB), and the Rural and Regional Development Bank (RRDB).

These banks play an important role in supporting the growth of key industries in Malaysia, such as manufacturing, agriculture, and small and medium enterprises (SMEs). They provide financing for investments in these sectors, as well as banking services such as loans, deposits, and foreign exchange. Development financial institutions are an important source of financing for many businesses in Malaysia, and they play a vital role in supporting the country’s economic development.