Saturday January 8, 2011
MBSB to grow financing assets to RM15bil
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB), a government-linked company, aims to grow its financing asset to RM15bil this year from about RM10bil now, said chief executive officer Datuk Ahmad Zaini Othman.
The company's financing asset grew by about RM4.8bil last year, he said.
As at Sept 30, 2010, MBSB's net loan, advances and financing stood at RM10.5bil, up 30% from RM8.1bil as at Dec 31, 2009.
“Our strategy is to push our retail segment, personal financing, mortgage and corporate loans such as property loans and government private finance initiative projects,” he said.
He was speaking to reporters after a signing ceremony between MBSB and SME Factors Sdn Bhd for its new facility programme, SME Cash Express.
On the company's non-performing loans, Ahmad Zaini said MBSB aimed to reduce it to 13% to 14% this year from 18% now. - Bernama