KUALA LUMPUR (April 5): MALAYSIA BUILDING SOCIETY BHD [] (MBSB) is going to focus its business on the retail segment, according to its president and CEO, Datuk Ahmad Zaini.
He said a large component (of the retail business focus) will be personal financing and home mortgage programs, and very small auto financing,"
Ahmad Zaini said on Thursday that the focus would help MBSB achieve its 15% to 20% loans growth target, adding that this percentage growth should translate to about RM3 billion.
He said MBSB had seen an increase of 118.81% year-on-year (y-o-y) in its personal financing loans to RM8.72 billion in its FY2011 ended Dec 31, from RM3.99 billion the preceding year.
Meanwhile, its revenue for FY2011 was RM1.27 billion, a 65.02% y-o-y growth from RM769.94 million.
He said a large component (of the retail business focus) will be personal financing and home mortgage programs, and very small auto financing,"
Ahmad Zaini said on Thursday that the focus would help MBSB achieve its 15% to 20% loans growth target, adding that this percentage growth should translate to about RM3 billion.
He said MBSB had seen an increase of 118.81% year-on-year (y-o-y) in its personal financing loans to RM8.72 billion in its FY2011 ended Dec 31, from RM3.99 billion the preceding year.
Meanwhile, its revenue for FY2011 was RM1.27 billion, a 65.02% y-o-y growth from RM769.94 million.
