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Business

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.

Business

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.

Business

MBSB-AFB merger to be completed by end-March

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) expects to complete its proposed merger with Asian Finance Bank Bhd (AFB) by end-March, president and chief executive Datuk Seri Ahmad Zaini Othman said.

Business

MBSB on track to becoming full-fledged Islamic bank

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is a step closer of becoming a full-fledged Islamic bank with the completion of its proposed merger with Asian Finance Bank Bhd (AFB) expected by end of March.

Business

MBSB to rollout up to RM700m financing for Rumawip projects

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) plans to rollout up to RM700mil in financing for the development of eight more Federal Territories Affordable Housing (Rumawip) projects.

Business

MBSB to provide RM700mil funding for 8 Rumawip projects

KUALA LUMPUR: Malaysia Building Society Berhad (MBSB) is planning to roll out up to RM700mil worth of financing facilities for the development of eight more Federal Territories Affordable Housing (Rumawip) projects.

Business

MBSB to disburse RM500m to TM vendors

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) plans to disburse RM500mil under the Islamic financing scheme to Telekom Malaysia Bhd (TM) vendors.

Business

MBSB: Supply glut in high-end property

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) president and chief executive Datuk Seri Ahmad Zaini Othman says there is a supply glut in the high-end property segment.

Business

Solar Management secures RM247mil financing for solar project

KUALA LUMPUR: Solar Management (Seremban) Sdn Bhd has secured RM247mil in financing for its first large-scale solar farm project in Malaysia.

Business

MBSB’s profit soars on lower allowances for impairment losses

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) boosted its net profit to RM100.74mil in the third quarter ended Sept 30, 2017, up 73.9% from a year earlier.