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.
MBSB Bank Bhd sprang a surprise with an unexpected surge in impairment allowances for the first quarter ended March 31, 2019 (1Q19).
With two rights issue and a merger that saw it transform into a full-fledged Islamic bank, better days are seen for the bank.
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