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RETAIL INVESTMENT | Cesar Tordesillas, Malaysia

MBSB Eyes RM9 Billion personal financing sales for 2012

Malaysia Building Society Bhd expects to sell personal financing products of up to US$2.9 billion this year.


It also anticipates a total loan growth of over 20 per cent despite Bank Negara Malaysia's Guidelines on Responsible Financing.

MBSB has introduced a new business segment, hire purchase financing, which focused on high-end vehicle segment.

MBSB chief executive officer, Datuk Ahmad Zaini Othman, said the company has observed the guidelines, and there was nothing new.

"We will not have any problems adhering to them.

"Although we are not compelled to follow them, we would still follow the spirit of the guidelines," he added.

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