Malaysia Building Society Berhad (“MBSB” or “the Company”) Target Headline Key Performance Indicators for 2015 and its achievement for the 2nd quarter 2015.
HEADLINE KPIs
The Company would like to announce the target Headline KPIs for 2015 as set out in Table 1. These KPIs have been set and agreed by the Board of Directors and Management of the Company as part of the broader KPI framework that the Company has in place, as prescribed under the Government Linked Company (“GLC”) Transformation program and is disclosed on a voluntary basis.
It should be noted that these headline KPIs are targets or aspirations set by the Company for the respective years as a transparent performance practice. The KPIs should not be construed as estimates, forecasts or projections of the Company or representations of any future performance, occurrence or matter as the headlines are merely a set of targets or aspirations of future performance aligned to the Company’s strategy.
HEADLINE KPIs FOR THE 2ND QUARTER 2015
The annualised Group revenue growth for the 2nd quarter 2015 have met the targeted Headline KPI mainly due to higher income from investments and higher financing income from corporate segments. However, the annualised Group net return on equity did not meet the target set mainly due to lower operating profit as a result of lower net income from retail financing and loans.
|
TABLE 1
|
Target
2015
Headline
KPIs
|
2nd Qtr 2015
6 Months
Unaudited
Group Results
|
|
1. Annualised Group net return on equity
|
12.5%
|
8.8%
|
|
2. Annualised Group revenue growth
|
10.0%
|
11.5%
|
This announcement is dated 6 August 2015.
