MBSB's H1 PBT rises to RM484.7m
Publish date: Wed, 31 Jul 2013, 04:32 PM
Malaysia Building Society Bhd (MBSB) achieved a pre-tax profit of RM484.7 million, an increase of 107.9 per cent, for the six months period ended June 30, 2013, from RM233.1 million chalked up the same period last year.
The improved financial results were mainly due to increased net income from Islamic banking operations.
"The improved financial results were contributed by retail business.
"Nevertheless, our corporate business lending activities have also shown marked improvements with disbursements for the first six months of this year up 42.1 per cent as compared to last year," said president and chief executive officer Datuk Ahmad Zaini Othman in a statement today.
The strong results also improved the group's net return on equity of 38.0 per cent, as at June 30, 2013, from 37.6 per cent as at March 31, 2013, respectively.
As at June 30, 2013, net loan advances and financing stood at RM29.2 billion, an increase of 20.2 per cent, compared with RM24.3 billion registered as of December 31,2012.
"The group's non-performing loans ratio stood at 3.2 per cent as at June 30, 2012, from 4.5 per cent recorded on Dec 31, 2012," he said.
On deposits from customers, Zaini said it stood at RM26.6 billion as at June 30, 2013, up 23.8 per cent, from RM21.5 billion chalked up as of December 31, 2012.-- Bernama
The improved financial results were mainly due to increased net income from Islamic banking operations.
"The improved financial results were contributed by retail business.
"Nevertheless, our corporate business lending activities have also shown marked improvements with disbursements for the first six months of this year up 42.1 per cent as compared to last year," said president and chief executive officer Datuk Ahmad Zaini Othman in a statement today.
The strong results also improved the group's net return on equity of 38.0 per cent, as at June 30, 2013, from 37.6 per cent as at March 31, 2013, respectively.
As at June 30, 2013, net loan advances and financing stood at RM29.2 billion, an increase of 20.2 per cent, compared with RM24.3 billion registered as of December 31,2012.
"The group's non-performing loans ratio stood at 3.2 per cent as at June 30, 2012, from 4.5 per cent recorded on Dec 31, 2012," he said.
On deposits from customers, Zaini said it stood at RM26.6 billion as at June 30, 2013, up 23.8 per cent, from RM21.5 billion chalked up as of December 31, 2012.-- Bernama
Labels: MBSB
Discussions
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All aspects improve.. but no dividend.. hope management accumulate the provision for dividend.& distribute in next quarter.. good job for management for 1st half year...
2013-07-31 21:45
Management very smart...pay dividend now, people cabut after dividend. So now tunggu another 3 months. That time profit down, but got dividend.
2013-07-31 21:52
I think not down below RM150million PAT for coming 3rd quarter.. because interest income/revenue will maintain because customer can't simply lompat katak to other bank to overlap loans. Must also look to their timing of ESOS.. Sept-Oct many staff will exercise ESOS 1.17.. Look at the annual report.. date granted for ESOS.. 1.17 @ Sept. 1.67 @ Feb 2.33 @ Nov.. timing for dividend must near to ESOS granted date.. both will benefit management staff and also loyal investor O:-)
2013-07-31 22:09
Read somewhere mbsb will do a rights issue as they have to in ease their capital to meet BN's requirements for liquidity.
2013-07-31 22:22
so we can get more unit for existing unit? if get free detachable warrant wow wow.. like what happen to sona wa.. hehe
2013-07-31 22:29
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2013-07-31 17:57