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The going gets tough for MBSB

PETALING JAYA: The going gets tough for the Employees Provident Fund’s majority-owned Malaysia Building Society Bhd (MBSB), as the bank provisions for higher expected credit losses (ECL) amid a subdued loan growth in the first quarter of financial year 2019 (1Q19).

MBSB posts lower net profit in Q1 on higher expected credit losses

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) posted lower net profit of RM83.83mil in the first quarter ended March 31, 2019 due to higher expected credit losses (ECL).