MBSB seeks BNM nod for merger with Asian Finance Bank


Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment. This translated to basic earnings per share (EPS) was 1.18 sen from 2.24 sen.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is seeking Bank Negara Malaysia's (BNM) go ahead for its merger with Asian Finance Bank Bhd (AFB).

MBSB said on Monday it had submitted an application within the stipulated timeframe to seek the BNM and or the Ministry of Finance's approvals for the proposed merger.

“Further announcements shall be made upon receipt of the decision from BNM,” it said.

MBSB closed one sen lower at RM1.32.

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