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Press Release.pdf

Media_Release_MBSB_20190630.pdf
Preview of Press Release
🔗 Source: mbsb.com.my
📊 Size: 386 KB
👤 Author: Najihah Binti Abdullah Sani
⬇️ Downloads: 82

Summary

MBSB's profit after tax increased by 26.72% to RM106.23 million in 2Q19, while profit before tax rose by 19.58% to RM138.55 million. Revenue increased by 4.29% to RM817.66 million, and total assets grew by 4.70% to RM49.65 billion. Deposits increased by 6.63% to RM36.99 billion, and the cost to income ratio stood at 31.32%. The group's return on equity and return on assets improved, with ROE at 4.80% and ROA at 0.80%. MBSB's CEO, Datuk Seri Ahmad Zaini Othman, attributed the improved performance to lower expected credit losses and improvements in provisions for the retail segment. The group plans to enhance customer experience and expand digital banking capabilities in the second half of 2019.

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Description

MBSB's profit after tax increased by 26.72% to RM106.23 million in 2Q19, while profit before tax rose by 19.58% to RM138.55 million.

Technical Information

  • File Format: PDF
  • File Size: 386 KB
  • Pages: 6
  • Language: EN
  • Author: Najihah Binti Abdullah Sani
  • Total Downloads: 82
  • Last Updated: 2 weeks ago

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