MBSB sets conservative financing growth targets

MBSB group chief executive officer Rafe Haneef.

PETALING JAYA: Malaysia Building Society Bhd (MBSB) is looking at achieving a financing portfolio growth of RM44bil from RM42.9bil currently, and a return on equity (ROE) of 4% to 5% by the end of 2024.

Group chief executive officer Rafe Haneef said these are conservative targets given the company’s one-off gain last year from its acquisition of Malaysian Industrial Development Finance Bhd (MIDF).