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September 03, 2015 1:38 AM ET

Banks

Company Overview of Affin Bank Berhad

Company Overview

Affin Bank Berhad provides banking and financial services for retail and corporate customers in Malaysia. It provides Islamic banking products and services; current accounts, fixed deposits, savings accounts, foreign currency accounts, and time deposits; credit and debit cards; loan products, such as home loans, mortgage loans, SME financing schemes, new entrepreneur funds, small and medium industry loan schemes, credit guarantee schemes, and other loans; hire purchase services; general insurance and life insurance products; unit trust services for investors; remittance services; trade finance services; contract financing services for supply and general trade, maintenance and services, const...

17th Floor

Menara AFFIN

80, Jalan Raja Chulan

Kuala Lumpur,  50200

Malaysia

Founded in 2001

Phone:

60 3 2055 9000

Fax:

60 3 2026 1415

Key Executives for Affin Bank Berhad

Chief Executive Officer, Managing Director and Chief Executive Officer of Affin Holdings Berhad
Chief Financial Officer
Executive Director of Operations and Strategic Services
Group Chief Internal Auditor
Group Chief Credit Officer
Compensation as of Fiscal Year 2015.

Affin Bank Berhad Key Developments

AFFIN Bank Berha Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

AFFIN Bank Berhad (ABB) Group reported a higher PBT of MYR 153.4 million for the current financial quarter as compared to MYR 130.3 million for the preceding year's corresponding quarter. For the half-year ended 30 June 2015, the ABB Group's PBT of MYR 176.7 million however indicated a decrease of MYR 128.9 million or 42.2% as compared to MYR 305.6 million achieved in the previous year. The drop in the PBT was mainly due to higher allowance for loan impairment of MYR 96.8 million, lower loan recovery and lower net interest income of MYR 16.8 million and MYR 21.1 million respectively, net of higher Islamic banking income of MYR 13.3 million. The overhead expenses were higher by MYR 7.9 million for the quarter under review.

Affin Bank Berhad Launches New AFFINBANK MasterCard and Visa Basic Credit Card

Affin Bank Berhad has launched new AFFINBANK MasterCard Basic and AFFINBANK Visa Basic credit card. With minimum income of MYR 24,000 per annum, the customers can apply for AFFINBANK Basic Credit Card which offering annual fee waiver for life with no conditions apply. Besides that, they may also enjoy other benefits and privileges such as Balance Transfer Instalment Plan (BTiP), Easy Instalment Plan (EiPlan), Easy Payment Plan (EPP), competitive finance charge as low as 9.99% per annum and more.

Affin Bank Berhad Appoints Encik Kamarul Ariffin as Managing Director/Chief Executive Officer

AFFIN Holdings has obtained Bank Negara Malaysia's approval for the appointment of Encik Kamarul Ariffin bin Mohd Jamil as its new Group Chief Executive Officer (Group CEO) of AFFIN Holdings and Managing Director/Chief Executive Officer (MD/CEO) of AFFIN Bank Berhad (AFFIN Bank). Encik Kamarul Ariffin brings with him more than 20 years of experience in the corporate arena. Encik Kamarul Ariffin was previously the CEO of AFFIN Islamic Bank, rising through the ranks since he joined AFFIN Bank as the Head of Corporate Strategy in 2003. Prior to AFFIN Bank, Encik Kamarul Ariffin held leadership positions in Pengurusan Danaharta Nasional Berhad, Trenergy Malaysia Berhad and Shell Malaysia Trading Sdn Bhd.

Similar Private Companies By Industry

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