MBSB not looking to apply for banking licence at this stage
Published on: Friday, May 06, 2016
Kuala Lumpur: Malaysia Building Society Bhd (MBSB) is not looking to apply for a banking licence at this stage, said its President/Chief Executive Officer, Datuk Ahmad Zaini Othman.He said over the past two years, MBSB has been involved in merger exercises with CIMB Bank and Bank Muamalat, all with the intention of putting it in a banking kind of platform."The road to getting on a banking platform through mergers was the intention then but at the current stage, MBSB has no intention to apply for any licence," he told a media briefing after the company's annual general meeting (AGM) and extraordinary general meeting (EGM) here Thursday.
ADVERTISEMENT
However, he said, at the end of the day, it's the shareholders that would decide which route to go. Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
