MBSB AGM press conference yesterday by president and CEO Datuk Seri Ahmad Zaini Othman (left) and CFO Tang Yow Sai. - RAJA FAISAL HISHAN/The Star
KUALA LUMPUR: Malaysia Building Society Bhd
(MBSB), which has been writing down its bad loans which it claims were legacy lending for more than two years, has finally cleared its books.
The former non-bank lender, which became a full-fledged bank after a merger with Asian Finance Bank Bhd, said that a chunk of RM600mil worth of “hardcore” bad debts would be disposed of by the end of this year.
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