KUALA LUMPUR (March 11, 2013): Malaysia Building Society Bhd (MBSB), which recently introduced its two latest personal financing products, targets to disburse RM14 billion loans this year, said its senior vice president of retail banking Azman Aziz.
Last year, he said MBSB disbursed less than RM10 billion.
“The market is very big. In terms of consumer market is still growing strong and our economic scenario is strong,” he told reporters after the launching of its two new products here Friday.
He said the company also has plans to increase the number of its agents in line with its strategy to expand their business.
Currently, he said MBSB has 49 master agents.
Azman said 70% of the growths in MSBS sales of personal financing products were contributed by its agent networks across the country.
MBSB has launched two products namely, MBSB Max-I 2 and MBSB Premium Plus targeted at government, government linked companies and statutory bodies segments.
The latest additions guarantee 100% cash in hand, low fixed monthly payments with funding up to RM400,000 and repayment period of up to 25 years.