Updates from SDB

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03 July 2025
OCDN (3 July 2025) – 沙巴發展銀行大幅減少虧損, 從8億7800萬令吉降至8600萬令吉.

02 July 2025
Asia Times (2 July 2025) – 沙发展银行转亏为盈在望, 预计今年有小幅利润.

02 July 2025
Daily Express (2 July 2025) – Sabah Development Bank Berhad slashes pre-tax losses to RM86 million from RM878 million.

01 July 2025
The Star (1 July 2025) – SDB reduces annual loss to RM86mil, targets profit in FY2025.

01 July 2025
The Borneo Post (1 July 2025) – Sabah Development Bank’s losses drop significantly.

01 July 2025
The Edge (1 July 2025) – Sabah Development Bank foresees FY2025 profit as losses narrow, capital rebounds.

01 July 2025
Business Times (1 July 2025) – Sabah Bank’s net loss narrows to RM82mil in 2024, from RM684mil in 2023.

01 July 2025
Press Release 01.07.2025 – SDB REPORTS SIGNIFICANT REDUCED LOSSES.

05 June 2025
Daily Express (5 June 2025) – RAM affirms SDB’s AA1 Rating.

05 June 2025
Borneo Post Online (5 June 2025) – RAM Ratings affirms Sabah Development Bank’s AA1 rating.

05 June 2025
The Edge(5 June 2025) – Sabah Development Bank earns top short-term RAM rating after RM5b NPL recovery plan.

04 June 2025
Daily Express (4 June 2025) – RAM affirms Sabah Development Bank Berhad’s AA1 Rating.

04 June 2025
RAM Ratings Sabah Development Bank’s AA1 Rating, outlook stable.

04 June 2025
Press Release 4 June 2025 – RAM AFFIRMS SDB’S AA1 RATING.

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.