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: The merger of Malaysia Building Society Bhd
(MBSB) and Asian Finance Bhd (AFB) will lead to stiffer competition among smaller Islamic banks to secure deposits, according to Moody’s Investors Service.
It said such a deal would likely lead to the larger of the two financial institutions, MBSB, emerging as the surviving entity.
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