October 22, 2017 6:02 AM ET

Banks

Company Overview of Affin Islamic Bank Bhd

Company Overview

Affin Islamic Bank Bhd provides enterprise and consumer banking services. The company offers corporate banking, contract financing, and trade finance to corporations, institutional clients, and small and medium-sized enterprises. It also provides Affin Impian Haji Savings Account-i, a structured savings plan that enables Muslims to save for their plan to perform the Hajj in Mecca. In addition, the company offers credit cards, personal loans, mortgages, and deposit taking services to individuals. Further, it engages in the debt and capital market, and hire purchase activities. The company was incorporated in 2005 and is based in Kuala Lumpur, Malaysia. Affin Islamic Bank Bhd operates as a sub...

Level 15

Menara Affin

Jalan Raja Chulan

Kuala Lumpur,  50200

Malaysia

Founded in 2005

Phone:

60 3 2055 9000

Fax:

60 3 2026 1415

Key Executives for Affin Islamic Bank Bhd

Chief Executive Officer
Age: 49
Compensation as of Fiscal Year 2017.

Affin Islamic Bank Bhd Key Developments

Affin Islamic Bank Bhd Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Affin Islamic Bank Bhd announced unaudited earnings results for the second quarter and six months ended June 30, 2017. The company registered a lower PBT of MYR 23.0 million for the current financial quarter as compared to MYR 43.1 million for the preceding year's corresponding quarter. For the half-year ended 30 June 2017, AiBB also registered a lower PBT of MYR 55.7 million as compared to MYR 68.5 million for the same period last year. The increase in operating income of MYR 28.3 million in line with the financing growth of 12.3%, was not sufficient to cushion both the increase in overhead expenses of MYR 18.6 million and the allowance for financing impairment of MYR 16.5 million for the period under review as compared to a write-back of MYR 8.9 million in the previous year.

Affin Islamic Bank Bhd Appoints Mohd Suffian Bin Haji Haron as the New Non-Independent Non-Executive Chairman

Affin Islamic Bank Bhd has also appointed Encik Mohd Suffian bin Haji Haron as the new Non-Independent Non-Executive Chairman with effect from 1 June 2017. Encik Suffian, was appointed as Director of the company in 2006 and Director of AFFINBANK in 2009.

Affin Islamic Bank Bhd Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

Affin Islamic Bank Bhd announced unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, PBT was MYR 46.3 million against MYR 29.9 million a year ago. For the full year, PBT was MYR 143.4 million against MYR 113.6 million a year ago. The improvement performance was mainly due to higher operating income of MYR 35.1 million in line with the financing growth.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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