Email This Print This News

Others

BackMay 11, 2012
Date Announced
:
11/05/2012  



Type
:
Announcement
Subject
:
OTHERS

Description
:
Malaysia Building Society Berhad (“MBSB” or “the Company”)
Target Headline Key Performance Indicators for 2012 and its achievement for the 1st quarter 2012

Announcement Details/Table Section :

1. HEADLINE KPIs FOR 2012

    The Company would like to announce the target Headline KPIs for 2012 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.


    TABLE 1
    Target 2012 Headline KPIs
    1. Group net return on equity
    15.0%
    2. Group revenue growth
    25.0%
2. ACHIEVEMENT OF 1ST QUARTER 2012 RESULTS VS HEADLINE KPIs

TABLE 2
Target 2012 Headline KPIs
1st Qtr 2012 3 Months Unaudited Group Results
1. Group net return on equity
15.0%
*27.0%
2. Group revenue growth
25.0%
*19.4%
    * Annualised

    The Group higher annualised net return on equity based on the 1st quarter results was mainly due to expansion of personal financing activities. The growth in revenue of 19.4% is in line to meet the Target Headline KPI for 2012 of 25%.

    This announcement is dated 11 May 2012.