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Headline Key Performance Indicators for 2nd Quarter 2009

BackAug 11, 2009
General Announcement
Reference No MB-090811-55684

 

Company Name
:
MALAYSIA BUILDING SOCIETY BERHAD  
Stock Name
:
MBSB  
Date Announced
:
11/08/2009  


Type
:
Announcement
Subject
:
Headline Key Performance Indicators for 2nd Quarter 2009

Contents
:
Malaysia Building Society Berhad (“MBSB” or “the Company”) would like to announce its achievement for the 2nd quarter 2009 as compared to the 2009 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.

HEADLINE KPIs FOR THE 2ND QUARTER 2009

The Group net return on equity exceeded the Headline KPI, whilst the Group revenue growth and retail loan growth were lower than the Headline KPIs as result of the negative impact of the OPR reductions by BNM and lower retail loan applications received in the current quarter 30 June 2009.
TABLE 1
2009 Headline KPIs
2nd Qtr 2009 6 months Unaudited Group results
1. Group net return on equity (maintaining a minimum return on equity of 7%)
8.0%
* 8.94%
2. Group revenue growth
15.0%
* 4.19%
3. Retail loans growth
25.0%
*19.27%

* Annualised.