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.