Unlocking SME power after merger

MIDF chief executive officer Azizi Mustafa (left) and MBSB group chief commercial banking officer Che Nazari Che Azid (right)

MALAYSIAN Building Society Bhd (MBSB) was founded in 1950 but it is still a relatively new player in the commercial banking sector, becoming a bank only after its acquisition of Asian Finance Bank in 2018.

The Malaysian Industrial Development Fund (MIDF) Bhd, meanwhile, is an even younger entity, as it was started only in the 60s.