MBSB-AFB merger to be completed by end-March


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.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) expects to complete its proposed merger with Asian Finance Bank Bhd (AFB) by end-March, president and chief executive Datuk Seri Ahmad Zaini Othman said.

He said more than three quarter of the integration process had been completed.

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Business , MBSB , AFB , merger , Ahmad Zaini , banking ,

   

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