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Developments in MBf Finance Berhad

Ref No : 26 Nov 1997 Embargo : Not for publication or broadcast before 000 hours on Wednesday 26 November 1997
Following the demise of YBhg. Tan Sri Loy Hean Heong, President and Chief Executive Officer of MBf Finance Berhad, Bank Negara Malaysia would like to reassure all customers and depositors of MBf Finance Berhad to remain calm. MBf Finance Berhad is financially sound and is being managed by a team of professionals who have been in long service with the company. Mr. Loy Teik Ngan, the eldest son of YBhg. Tan Sri Loy has been approved by Bank Negara Malaysia as the new chief executive officer of MBf Finance Berhad with immediate effect. MBf Finance Berhad is licensed under the Banking and Financial Institutions Act 1989 and is regulated and supervised by Bank Negara Malaysia.

Bank Negara Malaysia
26 Nov 1997

© Bank Negara Malaysia, 1997. All rights reserved.