Updates from SDB

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22 Nov 2024
Daily Express (22nd November 2024) – Sabah Development Bank aggressively recovering bad loans: Masidi.

21 Nov 2024
The Star (21st November 2024) – SDBank aggressively recovering bad loans, say Sabah Finance Minister.

20 Nov 2024
Borneo Post (20th November 2024) – SDBank takes significant steps to address bad debt – Masidi.

11 Oct 2024
Press Release 11.10.2024 – SDB Clarifies on PacifiCity.

02 Oct 2024
Press Release 02.10.2024 – SDB makes significant inroad in its recovery effort on Non-Performing Loans.

27 Sep 2024
Press Release 27.9.2024 – SDB Appoints New Auditor

22 Aug 2024
Press Release_22.8.2024 – Sabah Development Bank Announces Large Loss for Financial Year 2023.

02 Aug 2024
Press Release_2.8.2024 – Investors told SDB to be Lead Lender in Sabah Projects.

16 July 2024
Press Release 16.7.2024 – RAM Press Released.

16 July 2024
RAM Press Release 16.07.2024 – RAM Rating Report.

12 July 2024
MOF Sabah Press Release 12.07.2024 – The State Reiterates Strong Support to SDB.

21 May 2024
Media Releases (21 May 2024) – Sabah Strengthens Economic Position with RM2.63 Billion Infrastructure Development and Investor Attracting Initiatives.

20 May 2024
Press Release 20.05.2024 – Sabah Investor Forum

17 October 2023
Media Releases (17 October 2023) – SDB to jointly fund RM12 billion development projects..

13 October 2023
Media Releases (13 October 2023) – Sabah Development Bank, Bank Pembangunan to jointly fund RM12b worth of projects.

12 October 2023
Media Releases (12 October 2023) – Project Collaboration Worth RM12 Billion.

02 September 2023
The Borneo Post (02 September 2023) – New management for Sabah Development Bank

02 September 2023
Daily Express (02 September 2023) – Patricia takes over the helmat at SDB

29 August 2023
Daily Express (29 August 2023) – SDB Gets Funding Support from State Government

28 August 2023
Press Release – 28 August 2023. State Government Funding Support for SDB

12 August 2023
Daily Express (12 August 2023) – SDB Comes Under CM’s Supervision

15 January 2021
An update to the Malaysian Anti-Corruption Commission (“MACC”)’s investigation into the RM300 million loans granted by SDB to the subsidiaries of AirAsia Group Berhad

4 January 2021
An update to the Malaysian Anti-Corruption Commission (“MACC”)’s investigation into the RM300 million loans granted by SDB to the subsidiaries of AirAsia Group Berhad

24 November 2020
Statement by Sabah Development Bank Bhd in relation to a RM300 million loan facility to Air Asia Berhad

We are a Development Financial Institution (DFI), wholly-owned by the State Government of Sabah.

We make available a wide range of financial and non-financial services in order to foster strong and healthy corporate participation in the growth of our economy, both in Sabah and Malaysia as a whole.

We embrace the idea of enhancing entrepreneurial and corporate development to provide economic dynamism and growth, particularly in Sabah.

We also act as the Financial Intermediary for the State Government of Sabah and its agencies, where our essential involvement have been in the development of infrastructure and public projects such as the construction of roads, bridges, low-cost houses, water supply and port extension projects.