AmInvest Research said MBSB is gradually moving away from financing the real estate and construction sectors.
PETALING JAYA: MBSB Bhd
, formerly Malaysia Building Society Bhd, may see stronger financing momentum in the second half of its financial year ending Dec 31, 2025 (2H25), led by corporate drawdowns, though margins may remain under pressure, says AmInvestment Bank (AmInvest) Research.
In a report, AmInvest Research pointed out MBSB’s financing growth declined 1.7% year-on-year in 1H25 due to weak momentum in the personal, auto and corporate segments. “However, financing in 2H25 is expected to improve, supported by corporate disbursements,” it said.
AmInvest Research highlighted MBSB’s recent key Islamic financing deals, including RM1.3bil for Cypark Resources Bhd to refinance its renewable energy assets, RM1.2bil for DayOne Data Centers’ data centre, and RM180mil for Mag Holdings Bhd’s halal aquaculture expansion.
“MBSB is gradually moving away from financing the real estate and construction sectors.”
The research house noted that while the focus on higher-quality financing may pressure asset yields in the near term, it strengthens portfolio resilience.
“Non-fund-based income is expected to improve, supported by better investment banking and transaction banking fees,” it said.
It added that the pressure on MBSB’s margins is partly cushioned by an improving funding profile, supported by a higher current account and savings account ratio.
