MBSB group president and chief executive officer Datuk Seri Ahmad Zaini Othman(pic) said:
PETALING JAYA: Malaysia Building Society Bhd
(MBSB) saw a 21% jump in net profit for the third quarter ended Sept 30, due to a lower charge of impairment allowances on loans and financing.
In a filing with Bursa Malaysia yesterday, the group said its impairment allowances for the third quarter decreased by RM65.4mil, driven by favourable forward-looking macroeconomic variables forecast by an external agency applied to the retail portfolio.
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