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MBSB can enjoy write-backs after disposal of RM600mil bad loans

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB), which has been writing down its bad loans which it claims were legacy lending for more than two years, has finally cleared its books.

MBSB to convert RM1b into Islamic assets in 2 yrs

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is targeting to convert its remaining 10 per cent conventional assets valued at RM1 billion into Islamic assets over the next two years.

MBSB Q1 profit soars on write-back

Banking group’s income jumps 213%

MBSB Q1 net profit rises to RM316.79mil

KUALA LUMPUR: Malaysia Building Society Bhd reported a higher first quarter (Q1) net profit of RM316.79mil for the period ended March 31, 2018, up from RM101.32mil in the previous corresponding quarter.

MBSB Bank processing up to RM6bil affordable housing loans

KUALA LUMPUR: MBSB Bank Bhd, Malaysia’s second largest full-fledged Islamic bank by asset size, is currently processing up to RM6bil in loans for affordable housing.

MBSB Bank processing up to RM6b affordable housing loans

KUALA LUMPUR: MBSB Bank Bhd, Malaysia's second largest full-fledged Islamic banking by asset size, is currently processing up to RM6 billion in loans for affordable housing.

MBSB Bank to focus on compliance, CTI ratio set to rise

KUALA LUMPUR: MBSB Bank Bhd, the renamed entity that will be parked under Malaysia Building Society Bhd (MBSB) following the latter’s acquisition of Asian Finance Bank, will strongly focus on adhering to compliance following the merger.

MBSB completes purchase of AFB

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) said Asian Finance Bank (AFB) is now a wholly owned subsidiary after it acquired all shares in the bank for RM644.95mil.

MBSB’s net profit up 172% on lower cost of funds

PETALING JAYA: Malaysia Building Society Bhd’s (MBSB) net profit rose 171.98% to RM123.98mil in its fourth quarter ended Dec 31, 2017 (4Q17), driven by lower cost of funds and lower allowances for impairment losses on financing, loans and advances. Revenue was almost unchanged at RM818.27mil from RM819.4mil previously.

MBSB FY17 earnings double to RM417m

KUALA LUMPUR: Malaysia Building Society Bhd's (MBSB) earnings jumped 107% to RM417mil in the financial year ended Dec 31, 2017 and it remains upbeat for FY18, focusing on affordable housing projects and selected SME sectors and to roll out new products.