MBSB: Good time to merge, aims for Islamic financial institution status

Refinancing facility: (From left) MBSB chairman Tan Sri Abdul Halim Ali, Ahmad Zaini, YBK Usahasama executive director Mohd Tamin Mohd Yusof and executive chairman Datuk Zainal Abidin Sakom at the signing ceremony. – Bernama

KUALA LUMPUR: It may be a good time for Malaysia Building Society Bhd (MBSB) to merge, according to president and chief executive officer Datuk Ahmad Zaini Othman.

“It may be a good time,” Ahmad Zaini said when asked whether the banking sector’s present valuations would be conducive for a merger with possible partner, Bank Islam Malaysia Bhd.