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Headline Key Performance Indicators for 4th Quarter 2008

BackMar 10, 2009
General Announcement
Reference No MB-090310-31025

Company Name
:
MALAYSIA BUILDING SOCIETY BERHAD 
Stock Name
:
MBSB
Date Announced
:
10/03/2009


Type
:
Announcement
Subject
:
Headline Key Performance Indicators for 4th Quarter 2008

Contents
:
Malaysia Building Society Berhad ("MBSB" or "the Company") would like to announce its achievement for the 4th quarter 2008 as compared to the 2008 Headline Key Performance Indicators ("KPIs")

Announcement Details :

HEADLINE KPIs

On 14 June 2007, the Company had announced the Forward Looking Headline KPIs for 2007 to 2009. 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.

MBSB'S ACHIEVEMENT TO HEADLINE KPIs FOR THE 4TH QUARTER 2008

The achievements of the Group (based on the unaudited financial results for the financial period ended 31 December 2008) as compared to the Headline KPIs for 2008 are set out in Table 1.

The Group net return on equity and revenue growth exceeded the Headline KPIs. This was mainly due to higher net interest and financing income and other income. The retail loan growth was lower than the Headline KPI due to lower loan applications received in 2008 resulted from slower economic activities.



TABLE 1
2008 Headline KPIs
4thQtr 2008

12 months Unaudited Group results

1. Group net return on equity (maintaining a minimum return on equity of 7%)
7.5%
10.30%
2. Group revenue growth
15.0%
17.03%
3. Retail loans growth
25.0%
* 18.32%
* Based on net retail loan balance at 31 December 2008 compared to balance at 31 December 2007.