In line with its business expansion plans, Malaysia Building Society Bhd (MBSB) is eyeing several big property projects in
Sarawak, including the Universiti Teknologi Mara (UiTM) Sarawak's new campus.

Its President and Chief Executive Officer, Datuk Ahmad Zaini Othman said MBSB, with five sales and service centres in Sarawak, had the necessary expertise and experience to provide property financing services to big scale property undertakings.

"The high level of confidence and trust placed in us by depositors, especially in Sarawak, certainly bodes well for the company's expansion plans," he added.

He was speaking at the "An exclusive Moment with MBSB" appreciation dinner here last night.

UiTM Sarawak's new 404-hectare campus in Kota Samarahan, is expected to accommodate another 4,000 students, in addition to the existing facility. Its permanent campus in Mukah, scheduled for completion in October 2015, will accommodate 2,000 students.

Ahmad Zaini is confident of the strong business potential in Sarawak for the company, having opened its first branch in the state in Kuching, 13 years ago.

For the first nine months of this year, he said, MBSB achieved a record profit before tax of RM410 million, which was a 26 per cent increase of RM83 million, compared to the RM327 million achieved for the same period last year.

He added that a strong growth in deposits at an annual average of 21 per cent for the last three years was also recorded.

MBSB, whose largest investor is the Employees Provident Fund(EPF), has 36 sales and service centres and 12 representative offices nationwide at present. Bernama