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Bank & Finance  
The Central Bank
Bank Negara Malaysia is the central bank and is responsible for supervising the banking system. It also issues the Malaysian currency, acts as banker and financial adviser to the government, administers foreign exchange control regulations and is the lender to the banking system as a last resort.

Financial Institutions
In Malaysia, 37 licensed commercial banks operate through a total of 1,340 branches, while representative offices have been established by 37 foreign banks. These representative offices are not permitted to conduct normal banking business.

A wide range of merchant banking services are provided by 12 merchant banks, many of which have affiliations with merchant banks established overseas.

Other banks include an Islamic bank which provides all the usual banking services, based on Islamic concepts of banking and credit. Bank Islam Malaysia has 68 branches in the country.

40 finance companies operate throughout 896 branches which accept retail deposits and provide finance for installment (hire-purchase) and leasing transactions and housing loans.

The services of these finance companies are supplemented by 156 registered leasing companies.

The banking system (comprising the commercial banks, merchant banks and finance companies) and the industrial finance institutions are the major institutional sources of credit to the industrial sector in Malaysia. The industrial finance institutions in the country comprises of Malaysian Industrial Development Finance Berhad (MIDF) and its subsidiary, Malaysian Industrial Estates Sendirian Berhad (MIEL), Bank Pembangunan Malaysia Berhad, Bank Industry Malaysia Berhad, Sabah Development Bank Berhad, Borneo Development Corporation (Sabah) and Borneo Development Corporation (Sarawak).

Seven discount houses in Malaysia accept short-term funds. They are only permitted to invest the funds in treasury bills, government securities, bankers' acceptances, and negotiable certificates of deposit. There are also 12 factoring companies offering facilities to factor receivable.

The Export-import Bank of Malaysia (Exim Bank) was established in August 1995 for the purpose of financing and facilitating Malaysia's foreign trade and investments. It concentrates on providing medium to long-term credit to Malaysian exporters and investors as well as buyers of Malaysian goods.

Another institution, Malaysia Export Credit Insurance Berhad (MECIB), offers export insurance cover and guarantees.

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 All information are compiled by Jesselton Communications Sdn.Bhd. 2000.