MBSB posts stronger Q2, has key plans for integration with AFB

President and chief executive officer Datuk Seri Ahmad Zaini Othman(filepic) said that the financial institution was encouraged with the results, which was

PETALING JAYA: Malaysia Building Society Bhd (MBSB), which has received regulatory approval for its proposed merger with Asian Finance Bank Bhd (AFB), has announced stronger profitability for the second quarter ended June 30, 2017 (Q2’17).

Net profit for the latest quarter came in 44.56% higher to RM91.08mil compared to RM63.01mil in the same period a year ago on the back of a higher income from net financing/loans, investment activities and lower cost of funds.