BANK PEMBANGUNAN MALAYSIA BERHAD HELPS IMPROVE QUALITY OF LIFE FOR STUDENTS IN NEED; CONTRIBUTES EDUCATION ASSISTANCE FUNDS AMOUNTING TO RM2,000,000 TO EIGHT PUBLIC UNIVERSITIES
~THIS YEAR’S EDUCATION ASSISTANCE FUNDS IS AN ANNUAL CONTRIBUTION HELD FOR THE THIRD CONSECUTIVE YEAR SINCE 2019, AMOUNTING RM7,250,000 IN TOTAL~
Friday, 11 December 2020, Kuala Lumpur – In efforts to improve the quality of life of local graduates in need, Bank Pembangunan Malaysia Berhad (Bank Pembangunan) recently contributed education assistance funds amounting to RM2,000,000 to eight selected public universities in Malaysia.
The recipients of the donation were Universiti Utara Malaysia (UUM); Universiti Teknikal Malaysia Melaka (UTeM); Universiti Malaysia Pahang (UMP); Universiti Sains Malaysia (USM); Universiti Sultan Zainal Abidin (UniSZA), Universiti Malaysia Perlis (UniMAP); Universiti Teknologi Malaysia (UTM); dan Universiti Pertahanan Nasional Malaysia (UPNM). Each university received a donation of RM250,000, which would then be distributed to those in need especially graduates of the B40 community.
The contribution presentation ceremony, which was officiated by BPMB’s President/Group Chief Executive Officer, Arshad Mohamed Ismail was held virtually, following the implementation of the Conditional Movement Control Order in Klang Valley since 14 October 2020. The virtual event was also attended by officers and senior administrators representing the universities.
Arshad said that this initiative is an annual contribution conducted by BPMB over the last 3 years, whereby approximately nine public universities have received the contribution to-date.
“We understand that education is essential to alleviate the living standards of families from the B40 community and thus, BPMB remains committed to continue to exercise our corporate social responsibility to help those in need, especially given the current challenging situation.Our humble contribution is aimed at ensuring the students will remain focused on their studies, whilst also helping to ease the burden of their families – particularly those affected by the Movement Control Order, which began in March 2020,” Arshad elaborated.
In 2018 and 2019, BPMB has contributed approximately RM5,250,000 to nine public universities such as Universiti Kebangsaan Malaysia (UKM); Universiti Putra Malaysia (UPM); Universiti Teknologi MARA (UiTM); Universiti Malaya (UM); Universiti Malaysia Terengganu Universiti Islam Antarabangsa Malaysia (UIAM); Universiti Sains Islam Malaysia (USIM); Universiti Malaysia Sabah (UMS); Universiti Malaysia Sarawak (UniMas). The remaining public universities, which have yet to receive the donation is expected to receive the funds in 2021. In total, including the donation made this year, BPMB has contributed approximately RM7,250,000 to selected public universities in its journey to improve the quality of life and help ease the learning process of students in need.
ENDS
About Bank Pembangunan
Bank Pembangunan Malaysia Berhad (Bank Pembangunan) was incorporated on 28 November 1973 with a role in the development of the Malaysian economy by assisting entrepreneurs involved in small and medium-sized industries through the provision of various financing facilities, training and advisory services, particularly to Bumiputera entrepreneurs. Today, BPMB is providing medium to long-term financing to the strategic sectors of the economy.
Owned by Minister of Finance Incorporated, BPMB has been accorded the highest rating ‘AAA’ by both RAM Rating Services Berhad (RAM) and Malaysia Rating Corporation Berhad (MARC). It is regulated and supervised by Bank Negara Malaysia under the Development Financial Institution Act 2002.
With a Group Total Assets value of RM25 billion (as at 31 December 2019), the Bank Pembangunan Malaysia Berhad Group is well-positioned to meet the financing and business development needs of Malaysian businesses.
For more information, please contact:
Anita Ramly
Head, Corporate Communications
Bank Pembangunan Malaysia Berhad
Tel: (03) 2611 3346
Email: ym.moc.bmpb@ylmar.atina
Izzat Ratna
Senior Executive, Corporate Communications
Bank Pembangunan Malaysia Berhad
HP: (012) 642 1889
Email: moc.bmpb@tazzi.