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GXBank partners with IFC to enhance credit capacity for MSMEs with a risk-sharing deal.

Sep 15, 2026•1 day ago

Contract Type

partnership

Kuala LumpurFinancial ServicesFinanceLendingBanking

Description

GXBank has entered into a partnership with the International Finance Corporation (IFC) to provide up to US$110 million in financing for micro, small, and medium enterprises. IFC's first-loss coverage of up to US$5 million will support GXBank in extending credit to businesses that are typically underserved due to lack of traditional financial history.

Company Information

Company

GXBank

Location

Kuala Lumpur, Malaysia

About

GXBank is the digital bank subsidiary of GXS Bank in Malaysia. It is part of a digital bank joint venture between Grab Holdings Limited and Singapore Telecommunications Limited. GXBank aims to provide innovative banking solutions tailored to the needs of its customers. The bank is also supported by a consortium of Malaysian investors, including Kuok Group.

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