MBSB sees up to 20pc loan growth

MALAYSIA Building Society Bhd (MBSB) expects loan growth of up to 20 per cent this year, with a targeted new financing of up to RM14 billion. President and chief executive officer Datuk Ahmad Zaini Othman said last year, the company managed to lock in RM12 billion in business financing.

Source from (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/MBSB5/Article/
Published: May 08, 2013

RM14b TARGET: Personal financing, SME programmes among drivers


"We hope to record a loan growth rate between 15 per cent and 20 per cent this year, largely driven by personal financing," he said.

Ahmad Zaini said among the key drivers will be personal finan-cing, small and medium enterprise programmes as well as property loans.

Speaking to reporters after presenting a RM1 million cheque to Yayasan Cemerlang for Tun Hajjah Rahah Scholarship Fund here yesterday, he said MBSB also plans to open three to four more sales and service centres (SSCs) to expand its branch network.

Currently, it has 37 SSCs nationwide.

The group is looking for a more balanced portfolio of personal and corporate financing, retail and property financing as well as mortgages, Ahmad Zaini said.

On the company's financial performance, MBSB is positive of performing better this year despite uncertain global and domestic economic circumstances.

"Maybe the first-quarter results, to be released by end-month, will give more indication," he said.