MBSB Bhd reported a net profit of RM84.68 million for the first quarter ended March 31, 2025 (1Q25), up 8.2% year-on-year, supported by higher net interest income and a 37% drop in provisions to RM28.13 million.
However, revenue declined 2.8% to RM868.02 million from RM893.45 million, the group said in a filing with Bursa Malaysia.
Income from Islamic operations and interest increased nearly 10% to RM307.49 million, while other income rose 6% to RM42.98 million.
Its CEO Rafe Haneef credited the improved profitability to early outcomes of the group’s transformation roadmap, including stronger alignment, an improved funding mix, and more consistent income streams.
Gross financing remained steady at RM42.6 billion.
The current account and savings account (CASA) ratio improved to 9.26%, with a RM700 million increase in balances driven by commercial and corporate clients.
Asset quality continued to strengthen, with the gross financing impairment ratio improving to 5.49% due to enhanced underwriting, recovery efforts, and balanced risk exposure.
Looking ahead, MBSB plans to deepen its focus on SMEs, enhance digital channels, and improve customer experience.
The bank remains well-capitalised, with a common equity tier 1 (CET1) capital ratio of 19.4%, supporting long-term sustainability and strategic growth initiatives. — TMR
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