CEO: MBSB not in hurry to get banking licence


KUALA LUMPUR: The Malaysia Building Society Bhd (MBSB), a non-bank financial provider, is not in a hurry to get a banking licence from Bank Negara Malaysia, president and chief executive officer Datuk Ahmad Zaini Othman said.

He said MBSB must first practise and perform like a bank before its application was approved by the central bank. “Licence is something that can come later but we must get ready to operate and move into the banking environment first to train ourselves to be ready,” he told a press conference after launching MBSB’s coffee table book.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , MBSB

   

Next In Business News

Thai business group cuts 2024 GDP growth forecast
TotalEnergies mulls moving listing to Wall St
Rig dearth aggravates Indonesia’s declining oil and gas production
Optimistic growth prospects for Focus Point Holdings
JPMorgan limits exposure to Segantii amid insider-trading case
Epsom sees more student enrolment from UK
SC: Planners should give sound financial advice
China’s surging industrial loans aren’t going to its factories
Japan’s helping hand in BoE June rate cut window
Carsome turns Ebitda positive in 1Q24 on business scale

Others Also Read