MBSB eyes 8% ROE in next three years

PETALING JAYA: Malaysia Building Society Bhd (MBSB) aims to raise its return on equity (ROE) to 8% in the next three years through improved interest margins and a more diversified customer base.

The Islamic banking-based lender aims to up its ROE by raising its net interest margin (NIM) after converting its large existing fixed-rate accounts to floating rates, according to a Kenanga Research report.