The going gets tough for MBSB


MBSB group president and chief executive officer Datuk Seri Ahmad Zaini Othman(pic) said:

PETALING JAYA: The going gets tough for the Employees Provident Fund’s majority-owned Malaysia Building Society Bhd (MBSB), as the bank provisions for higher expected credit losses (ECL) amid a subdued loan growth in the first quarter of financial year 2019 (1Q19).

Against the backdrop of slowing economic activities and the bank’s sharply lower earnings in the first quarter, concerns have risen about MBSB’s outlook in the upcoming quarters.

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MBSB , Ahmad Zaini Othman , EPF , profit , revenue , bank , credit , losses ,

   

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