MARKET DEVELOPMENT
MBSB To Launch Oil Palm Plantation Financing Scheme By April
MBSB To Launch Oil Palm Plantation Financing Scheme By April
24/01/2014 (Bernama) - Malaysia Building Society Bhd (MBSB) will launch an oil palm plantation financing programme by April in an effort to boost its corporate loan growth.
The financial services provider is in talks with clients in Sabah and Sarawak and expects to seal a deal by April.
"We're setting up a team to offer the service to potential clients," President and Chief Executive Datuk Ahmad Zaini Othman told reporters on the sidelines of the "Spotlight on Malaysia 2014" forum hosted by Bursa Malaysia Thursday.
In addition to oil palm, MBSB is also targeting property and oil and gas sectors to raise its corporate loan growth this year, Ahmad Zaini said.
The company aims to increase its corporate loan growth by as much as 20 per cent this year, he said.
MBSB has earlier said that it wanted to raise revenue contribution of corporate loans to 40 per cent this year, up from 25 per cent last year.
Contribution from retail loans targeted at individuals is expected to fall to 60 per cent from 75 per cent last year.
The financial services provider is in talks with clients in Sabah and Sarawak and expects to seal a deal by April.
"We're setting up a team to offer the service to potential clients," President and Chief Executive Datuk Ahmad Zaini Othman told reporters on the sidelines of the "Spotlight on Malaysia 2014" forum hosted by Bursa Malaysia Thursday.
In addition to oil palm, MBSB is also targeting property and oil and gas sectors to raise its corporate loan growth this year, Ahmad Zaini said.
The company aims to increase its corporate loan growth by as much as 20 per cent this year, he said.
MBSB has earlier said that it wanted to raise revenue contribution of corporate loans to 40 per cent this year, up from 25 per cent last year.
Contribution from retail loans targeted at individuals is expected to fall to 60 per cent from 75 per cent last year.