KUALA LUMPUR: MBSB Bhd
said its business plan for 2026 will continue to be guided by the FLIGHT26 strategy.
The strategy targets improvement and optimisation in four key areas, namely cost of funds, financing growth, operating expenditure and a higher proportion of fee-based income.
“The group has already made improvements in several of these areas, and will strive to offer a higher value proposition through new products and digital channels, along with superior customer experience offerings – all of which remain central to the strategy's ongoing execution,” the bank said in a filing with Bursa Malaysia.
In the first quarter ended March 31 (1Q26), MBSB Bhd saw its net profit more than halve to RM30.1mil, or earnings per share of 0.37 sen, from RM84.7mil, or 1.03 sen, a year earlier.
Revenue fell 9.7% to RM784mil from RM868mil in the corresponding quarter last year.
MBSB said its gross financing grew to RM45.8bil in 1Q26, an increase of RM1.9bil or 4% over the preceding quarter, driven primarily by the corporate banking segment.
The group's current account and savings account (CASA) ratio stood at 14% as at March 2026, with the group maintaining its target of achieving a 20% CASA ratio through ongoing initiatives across business segments.
Its common equity tier 1 (CET1) /Tier 1 capital ratio and total capital ratio stood at 17.9% and 20.3% respectively, well beyond regulatory requirements and supportive of the group's growth plans.
The liquidity coverage ratio remained healthy at 138.2%, comfortably above the regulatory requirement.
