MBSB posts higher Q2 earnings at RM91.1mil

22 Aug 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd's (MBSB) net profit rebounded 44.6% year-on-year (y-o-y) to RM91.1mil due to improved operating income and a decline in allowances. However, the earnings was lower 10% lower than in the immediate preceding quarter owing to higher operating expenses. "H1FY17 ...
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MBSB posts stronger Q2, has key plans for integration with AFB

22 Aug 2017 - The Star Online
PETALING JAYA: Malaysia Building Society Bhd (MBSB), which has received regulatory approval for its proposed merger with Asian Finance Bank Bhd (AFB), has announced stronger profitability for the second quarter ended June 30, 2017 (Q2’17). Net profit for the latest quarter came in 44.56% higher to RM91.08mil ...
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MBSB’s profit soars on higher corporate sector business, lower provisions

22 Aug 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB), which seeks to turn into a full-fledged Islamic bank through a proposed merger with Asian Finance Bank Bhd, reported a 44.6% jump in second-quarter (Q2) net profit to RM91.08mil. The improvement was mainly due to higher operating profit and lower allowances ...
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MBSB shares rise 5.5% on approval to buy AFB

21 Aug 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) saw its shares rose more than 5% after receiving approval from the Finance Minister for the acquisition of Asian Finance Bank Bhd (AFB). The counter gained seven sen, or 5.51% to RM1.34 in early trade. The non-bank lender, which is 65.56% owned by the ...
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MBSB gets Govt’s nod for merger with Asian Finance Bank

18 Aug 2017 - The Star Online
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is poised to turn into a full-fledged Islamic bank, having received the Finance Minister’s green light to acquire the entire interest in Qatar Islamic Bank’s subsidiary Asian Finance Bank Bhd. It appears to be third time lucky, following the aborted ...
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Moody’s sees more competition for deposits

12 Jul 2017 - The Star Online
PETALING JAYA: The merger of Malaysia Building Society Bhd (MBSB) and Asian Finance Bhd (AFB) will lead to stiffer competition among smaller Islamic banks to secure deposits, according to Moody’s Investors Service. It said such a deal would likely lead to the larger of the two financial institutions, ...
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Moody's sees stiffer deposit competition from MBSB, AFB merger

11 Jul 2017 - The Star Online
KUALA LUMPUR: The merger of Malaysia Building Society Bhd (MBSB) and Asian Finance Bhd (AFB) will lead to stiffer competition among smaller Islamic banks to secure deposits, says Moody's Investors Service. It said on Tuesday such a deal would likely lead to the larger of the two financial institutions, ...
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MBSB seeks BNM nod for merger with Asian Finance Bank

20 Jun 2017 - The Star Online
PETALING JAYA: Malaysia Building Society Bhd (MBSB) is a step closer to transforming into a full-fledged Islamic banking outfit, announcing that it has submitted an application to Bank Negara for approvals for its proposed merger with Asian Finance Bank Bhd (AFB). In a filing with Bursa Malaysia, the ...
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