KUALA LUMPUR, The Asian Infrastructure Investment Bank (AIIB) has partnered with four Malaysian banks to mobilise up to US$6 billion (RM25.1 billion) for sustainable, technology-driven infrastructure projects across ASEAN. The participating banks are Malayan Banking Bhd (Maybank), CIMB Bank Bhd, AMMB Holdings Bhd, and Bank Pembangunan Malaysia Bhd.
The cooperation agreements, effective until October 2031, were signed following the ASEAN Summit in Kuala Lumpur, underscoring a shared commitment to advancing green and inclusive infrastructure, enhancing regional connectivity, and attracting private capital to meet the region’s growing infrastructure needs.
Under the partnerships, the banks will support investments in key sectors including renewable energy, power transmission and distribution, transport, digital infrastructure, and telecommunications. AIIB highlighted that the collaboration leverages the Malaysian banks’ regional expertise in managing large-scale infrastructure assets, combined with AIIB’s capacity to provide long-term debt and equity financing.
Kim-See Lim, AIIB’s Chief Investment Officer for Public Sector (Region 1) and Financial Institutions and Funds (Global) Clients, said each bank brings unique strengths in terms of regional presence and expertise across asset classes, while AIIB contributes its convening power, ESG standards, and ability to catalyse additional capital for regional connectivity projects such as the Asia Power Grid (APG).
She added that ASEAN, projected to become the world’s fourth-largest economy by 2030, will require expanded energy capacity to drive prosperity and economic growth. “We look forward to being a part of the region’s energy transition,” Lim said.
Founded in 2016, AIIB is a multilateral development bank focused on financing sustainable infrastructure. AAA-rated by major international credit rating agencies, AIIB has mobilised over US$64 billion across more than 300 projects in 38 countries.
