MBSB sticks to its plan to be a commercial bank


Ahmad:

Non-bank lender Malaysia Building Society Bhd (MBSB) will continue to “close all gaps” and move towards a commercial banking platform environment now that talks of a merger with CIMB Group Holdings Bhd and RHB Capital Bhd have fallen through.

“We started the journey to close the gaps (between MBSB and that of a commercial bank) more than a year ago. We will continue with that strategy now that the merger is sorted,” president and chief executive officer Datuk Ahmad Zaini Othman tells StarBizWeek.

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