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.
PETALING JAYA: Malaysia Building Society Bhd
(MBSB) is a step closer to transforming into a full-fledged Islamic banking outfit, announcing that it has submitted an application to Bank Negara for approvals for its proposed merger with Asian Finance Bank Bhd (AFB).
In a filing with Bursa Malaysia, the non-bank lender said that it “had submitted an application within the stipulated timeframe to seek Bank Negara and/or Finance Ministry’s approvals for the proposed merger.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
