MBSB explores acquisitions to fuel next growth phase

MBSB Bhd is exploring further acquisitions, including mortgage portfolios, credit card businesses and takaful operations, as it seeks to expand its domestic presence and achieve greater economies of scale. The group is particularly interested in mortgage portfolios, while a credit card business could be established organically or acquired from an existing operator.

Takaful operations are also a potential area of expansion. The acquisitions will have to complement MBSB's existing operations and strategic requirements, with the group's Islamic banking focus limiting its options to Syariah-compliant businesses. The potential acquisitions form part of MBSB's efforts to build greater scale in an increasingly competitive banking industry.

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