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MBSB gears up to be full-fledged bank
by JF Thu 20 Jun 2013, 10:32
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is gearing up to transform itself into a full fledged bank before the central bank approves its application for a banking licence.
President and chief executive officer Datuk Ahmad Zaini Othman said the company is not in a hurry to get the licence from Bank Negara Malaysia, but the priority now is to practice and perform like a bank.
"The licence is something that can come later but we must get ready to operate and move into the banking environment first to train ourselves to be ready," he said at the launch of MBSB's coffee table book, entitled, "Building Society: The MBSB Story".
MBSB, a non-bank financial provider, offers a wide range of financial products and services for individuals and corporate bodies.
On the merger between MBSB and RHB Capital Bhd (RHBCap), Ahmad Zaini said he would leave it to the shareholders to decide on the matter.
Read more: MBSB gears up to be full-fledged bank [You must be registered and logged in to see this link.]
President and chief executive officer Datuk Ahmad Zaini Othman said the company is not in a hurry to get the licence from Bank Negara Malaysia, but the priority now is to practice and perform like a bank.
"The licence is something that can come later but we must get ready to operate and move into the banking environment first to train ourselves to be ready," he said at the launch of MBSB's coffee table book, entitled, "Building Society: The MBSB Story".
MBSB, a non-bank financial provider, offers a wide range of financial products and services for individuals and corporate bodies.
On the merger between MBSB and RHB Capital Bhd (RHBCap), Ahmad Zaini said he would leave it to the shareholders to decide on the matter.
Read more: MBSB gears up to be full-fledged bank [You must be registered and logged in to see this link.]
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