Thursday 1 March 2012

MBSB targets gross loan growth of 20% for 2012

KUALA LUMPUR: Malaysian Building Society Bhd (MBSB) targets gross loan growth of 20% this year, according to its chief executive officer Datuk Ahmad Zaini Othman.

He said on Thursday that MBSB's gross loan in the personal financing sector stood at RM7 billion, and expect it to increase to RM9 billion this year.

However, he said for the first two months of this year, loans growth has been slower compared to the same period last year, but growth momentum is expected to be sustainable throughout the year.



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