MBSB: Good time to merge, aims for Islamic financial institution status


Refinancing facility: (From left) MBSB chairman Tan Sri Abdul Halim Ali, Ahmad Zaini, YBK Usahasama executive director Mohd Tamin Mohd Yusof and executive chairman Datuk Zainal Abidin Sakom at the signing ceremony. – Bernama

KUALA LUMPUR: It may be a good time for Malaysia Building Society Bhd (MBSB) to merge, according to president and chief executive officer Datuk Ahmad Zaini Othman.

“It may be a good time,” Ahmad Zaini said when asked whether the banking sector’s present valuations would be conducive for a merger with possible partner, Bank Islam Malaysia Bhd.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , MBSB , Bank Islam , merger

   

Next In Business News

Shedding light on power sector prospects
Building a firm facade
Singapore playing roulette with casino licensing
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Bidding big on Malaysian art
Inflation rises slightly in October
EQ expands to Thailand
Capitalising on future trade tariffs
The ringgit recovery

Others Also Read