MBSB to complete impairment by next year

Making a point: (from left) Tiong, Ahmad Zaini and MBSB senior vice-president Datuk Nor Azam at the briefing.

PETALING JAYA: Malaysia Building Society Bhd (MBSB), whose earnings have been impacted by impairments for almost two years, hopes to end its impairment programme by next year, says its president and chief executive officer Datuk Ahmad Zaini Othman.

He was commenting on the question as to whether the non-bank lender would be putting more allowance for impairment, moving forward, after a signing ceremony between Ecofirst Consolidated Bhd’s subsidiary, EcoFirst Hartz Sdn Bhd, and MBSB.