MBSB Bank

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.

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The post MBSB targets RM50b financing balance by 2026 appeared first on The Malaysian Reserve.

by NURUL NAJMIN ABU BAKAR

MBSB Bank Bhd has rolled out the MBSB Retailer Dashboard, a locally developed solution aimed at streamlining and automating payment tracking for small and medium enterprises (SMEs) in the retail sector.

The dashboard offers a centralised view of transactions across various outlets, platforms and payment channels, addressing the growing complexity of digital operations.

MBSB Group chairman Datuk Wan Kamaruzaman Wan Ahmad (picture) said the solution is designed to give SMEs better visibility, making payment clarity accessible, automated and actionable.

He said the tool tackles one of the key challenges faced by SMEs — fragmented payment systems requiring them to juggle multiple platforms like eWallets, food delivery apps and card terminals.

“Instead of manually reconciling spreadsheets and payment slips, SMEs now have one platform that gives them real-time oversight of daily collections, payment discrepancies and overall cashflow performance,” he said at the launch ceremony on June 24.

Wan Kamaruzaman added that the dashboard integrates with existing payment systems to automate transaction matching, issue alerts for discrepancies and speed up end-of-day reconciliations.

“By removing the need for manual cross-checking, we’re helping SMEs close their books faster, reduce errors and make quicker, data-driven decisions, especially for lean teams with tight margins,” he said.

The bank aims to onboard 30 to 50 SME retailers in the first year, with adoption projected to grow by 30% in the second year, and targets to become the preferred digital banking partner for retail SMEs by the third year.

The solution was launched at an event attended by SME clients and partners, including QBistro, Kapten Batik and Richiamo Coffee Sdn Bhd.

Kapten Batik and Richiamo Coffee signed partnership agreements with MBSB Bank at the event, joining early adopter QBistro.

Hajris Group Sdn Bhd group MD Riyasutin Mohamed Zulkifli said the dashboard provides instant insights across branches, helping the fast-growing food and beverage (F&B) chain focus on customers instead of chasing numbers.

Meanwhile, Richiamo Coffee director Nurul Nabilah Muhamad Zamry said the dashboard is a game changer, offering the ability to track income, identify trends and reconcile payments all in one platform.

The launch builds on MBSB Bank’s earlier introduction of its fully online Business Current Account for SMEs, reaffirming its commitment to digital innovation and empowering entrepreneurs.