Latest news with #FLIGHT26
New Straits Times
05-08-2025
- Business
- New Straits Times
Wan Kamaruzaman named MBSB Investment Bank chairman
KUALA LUMPUR: MBSB Group has appointed Datuk Wan Kamaruzaman Wan Ahmad as the new chairman of MBSB Investment Bank, effective today. In a statement, the group said this expanded role represents a key step in unifying leadership across its commercial and investment banking operations. Wan Kamaruzaman currently chairs MBSB Bhd and MBSB Bank Bhd. Wan Kamaruzaman currently serves as Chairman of both MBSB Bhd and MBSB Bank Bhd. With over four decades of experience in banking and public-sector finance, his appointment is expected to enhance alignment and accelerate the group's push toward integrated, client-focused solutions under its FLIGHT26 strategic roadmap. "I am honoured to serve in this expanded capacity. MBSB Group has a unique opportunity to build something enduring – where commercial banking, investment banking, and values-based finance come together to meet real needs. "I look forward to working with both teams to move closer to that vision," said Wan Kamaruzaman. Before joining MBSB Group, Wan Kamaruzaman served as the Retirement Fund Inc. (KWAP) chief executive officer (CEO). His earlier roles include general manager of treasury at Employees Provident Fund (EPF) and senior leadership positions at Malayan Banking Bhd, with international postings in Hamburg and London, as well as CEO roles within the Affin Group. Meanwhile, his governance experience spans multiple boards, including Bursa Malaysia Bhd, Bank of America Malaysia, and Malakoff Corp Bhd, while he remains actively involved in industry bodies such as the FTSE Russell Advisory Committee and the Institutional Investors Council Malaysia. He currently sits on the boards of Malaysian Resources Corporation Bhd (MRCB) and Bermaz Auto Bhd. MBSB Group also extended its appreciation to outgoing MBSB Investment Bank Chairman Datuk Mohd Nasir Ali, who concluded his six-year tenure on August 4.
Malaysian Reserve
26-06-2025
- Business
- Malaysian Reserve
MBSB targets RM50b financing balance by 2026
by NURUL NAJMIN ABU BAKAR MBSB Bank Bhd is aiming to reach RM50 billion in total financing balance by 2026, underpinned by steady demand and portfolio realignment. MBSB Group CEO Rafe Haneef said the target aligns with the group's newly announced strategic plan, supported by ongoing restructuring of its loan book and introduction of new products. 'As at December 2024, our net loan book stood at around RM43 billion, after adjustments and write-offs from the RM43.7 billion recorded last year,' he said at the MBSB 55th AGM media conference. Rafe said the group remains optimistic about hitting its 2026 target, driven by enhanced offerings in both the commercial and consumer segments. He added MBSB has made notable progress in its three-year FLIGHT26 transformation plan, with 30 of 38 key programmes and 24 of 27 post-merger initiatives with Malaysian Industrial Development Finance Bhd (MIDF) successfully rolled out. 'The progress reflects strong operational integration, system upgrades and improved service efficiency,' he said. He added that FY2024 marked the first full year of MIDF's integration, contributing to a 31% revenue growth, led by a 27% rise in funded income and a 318% surge in non-funded income, excluding one-off gains from the 2023 acquisition. For FY2024, MBSB reported RM43 billion in total financing, while its current and savings account (CASA) ratio rose to 11.1%, crossing the double-digit threshold for the first time. Its cost-to-income ratio improved to 54.9%, with return on equity recorded at 4.2%. The bank also advanced its digital agenda with the upgraded MJourney platform and rollout of new solutions such as unit trust investment via iFAST, Vehicle Financing-i, WorksForMe salary solution, digital gold PrimeGold-i, and MShield takaful protection. In the commercial and SME segments, new offerings include the Retailer Dashboard, BAYO Pay platform, RM1 billion aerospace financing, and M-Property real estate financing. As part of its sustainability drive, MBSB has mobilised RM4.73 billion in green and transition financing, achieving 47% of its 2026 goal. It also recorded a 12% reduction in carbon emissions and contributed over 6,000 volunteer hours to community initiatives.
