September 26, 2017 7:26 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
Age: 48
Chief Financial Officer
Chief Operating Officer
Group Chief Internal Auditor
Age: 59
Group Chief Credit Officer
Compensation as of Fiscal Year 2017.

Affin Bank Berhad Key Developments

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

Affin Bank Berhad announced unaudited earnings results for the second quarter and six months ended June 30, 2017. It reported a PBT of MYR 146.5 million for the current financial quarter as compared to MYR 144.5 million for the preceding year's corresponding quarter. For the half-year ended 30 June 2017, the ABB Group also registered a higher PBT of MYR 271.8 million as compared to MYR 267.6 million achieved in the previous year. The improved performance was mainly due to the increase in other operating income, Islamic banking income and net interest income of MYR 33.5 million, MYR 27.0 million and MYR 14.9 million respectively, net of higher allowance of loan impairment of MYR 41.0 million and higher overhead expenses of MYR 33.0 million.

Affin Bank Berhad Announces Executive Changes

Affin Bank Berhad has appointed YABhg. Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi Bin Haji Zainuddin (R) as the new Non-Independent Non-Executive Chairman with effect from 22 June 2017. Gen Tan Sri Mohd Zahidi, succeeds YBhg. Gen. Tan Sri Dato' Seri Ismail Bin Haji Omar (R) who has retired from the company.

AFFIN Bank Berhad Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

AFFIN Bank Berhad announced unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, PBT was MYR 167.3 million against MYR 136.2 million. For the full year, PBT was MYR 599.9 million against MYR 457.5 million. The improvement performance was mainly due to lower allowance for loan impairment.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 26, 2017
ABB Trustee Berhad
\
 

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