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MBSB Bank processing up to RM6 bln affordable housing loans

Last update: 17/04/2018
KUALA LUMPUR, April 17 (Bernama) -- MBSB Bank Bhd, Malaysia´s second largest full-fledged Islamic banking by asset size, is currently processing up to RM6 billion in loans for affordable housing.

President and Chief Executive Officer (CEO) Datuk Seri Ahmad Zaini Othman said the applications in the pipeline included loans for the 1Malaysia People´s Housing Programme (PR1MA), 1Malaysia Civil Servants Housing Programme (PPA1M) and Federal Territories Affordable Housing (Rumawip).

"We expect to disburse all the loans this year," he told reporters after signing the Mortgage Guarantee Programme and Participation in My First Home Scheme with Cagamas SRP Bhd here today.

Cagamas SRP was represented by its Director Datuk Chung Chee Leong, who is also the Presdient and CEO of Cagamas Bhd.

Ahmad Zaini said since initiating the loans programme for affordable housing two years ago, the bank had disbursed about RM4.5 billion in loans for this category comprising some RM2 billion for PPA1M, RM1.6 billion for PR1MA and about RM900 million for Rumawip.....


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