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MBSB (1171)

MBSB Gains Access To CCRIS

BackJan 09, 2012

Kuala Lumpur, 9 January 2012 – Malaysia Building Society Berhad (MBSB) today announces that the Central Bank has granted permission for the company to participate in its Central Credit Reference Information System (CCRIS) effective January 2012.

CCRIS is an online system that houses borrowers' credit information as collected by the Central Bank's Credit Bureau Department from participating lending institutions. This information is then furnished back to the institutions to assist them in making informed decisions on credit applications.

Dato' Ahmad Zaini Othman, CEO of MBSB commented, "To be included in CCRIS certainly bodes well with the good intentions of the Central Bank's new Guidelines on Responsible Finance and most importantly, will help to strengthen MBSB's credit risk management. I believe that the financial industry welcomes such news too as any borrowings taken from MBSB will now appear in the borrowers' credit report".

He added that, "MBSB is also able to realise its corporate objectives, especially in assessing and approving good quality loans, which is at par with the practice of other leading financial institutions."

The participating lending institutions at present include amongst others Commercial Banks, Islamic Banks, Financial Companies, Merchant Banks and Rehabilitation Institutions.

Moving forward, MBSB plans to continue its growth in retail loan assets via Personal Financing and Home Mortgage products. It will also be introducing new retail product, the auto finance in February. MBSB has been diversifying its loan portfolio for both retail and corporate segments in the last two years, in line with its transformation program, "Taking MBSB To The Next Level".

The company shall continue to capitalize on its strengths as a small financial institution in comparison to its peers to compete in a highly competitive environment. These strengths include the agility in decision-making process, personalised customer service especially for corporate clients, and fast turnaround time.

For more information or enquiries,please contact:

Azlina Mohd Rashad
Head, Coporate Planning & Communication Division
Malaysia Building Society Berhad
Tel: 03- 2096 3003/012-3852240
Fax: 03-2096 4268
E-mail: azlinarashad@mbsb.com.my