PETALING JAYA: Non-bank lender Malaysia Building Society Bhd
(MBSB) has no toxic assets and will have registered a pre-tax profit of more than RM200mil for its first quarter ended March 31, had no provisions been set aside, according to its head honcho.
In the face of its share price coming under pressure, chief executive officer Datuk Ahmad Zaini Othman has cleared the air on reports stating that the company had not provided enough in the last six years and had hidden bad loans.
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