MBSB signs RM1bil deal with Cagamas
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MBSB signs RM1bil deal with Cagamas
Nov 17, 2011
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KUALA LUMPUR: The Malaysia Building Society Bhd (MBSB) has signed a RM1bil Recourse Securitisation of Personal Financing Receivables and Conventional Mortgage Assets agreement with Cagamas. MBSB said it would utilise the funds to further grow its retail assets, Personal Financing-i and Home Mortgage.
Meanwhile, MBSB reported a 142% hike in pre-tax profit for the first nine-months ended Sept 30, 2011 to RM327.1mil, due to an increase in retail assets, with the Personal Financing-i segment growing about 98% in terms of gross loans.
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Related Categories: Daily Property News and Updates
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