Email This Print This News

Malaysia Building Society Berhad (MBSB or the Company) Target Headline Key Performance Indicators for 2015 and its achievement for the 1st quarter 2015

BackMay 07, 2015
Type Announcement
Subject OTHERS
Description
Malaysia Building Society Berhad (MBSB or the Company) Target Headline Key Performance Indicators for 2015 and its achievement for the 1st quarter 2015

HEADLINE KPIs

The Company would like to announce the target Headline KPIs for 2015 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.

HEADLINE KPIs FOR THE 1ST QUARTER 2015

The annualised Group net return on equity and revenue growth for the 1st quarter 2015 have not met the targeted Headline KPIs. This was mainly due to higher allowances for impairment losses on loans, advances and financing and lower operating income.

TABLE 1

Target 2015 Headline KPIs  

1st Qtr 2015 3 Months Unaudited Group Results

1. Annualised Group net return on equity                                              

12.5%

10.5%

2. Annualised Group revenue growth

10.0%

5.7%

This announcement is dated 7 May 2015.





Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 07 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00003