“The Affinity Programme... will unleash new opportunities that will drive us into the next phase of growth.”
KAMARUL ARIFFIN MOHD JAMIL, Affin Bank Bhd group chief executive officer
KUALA LUMPUR: Affin Bank Group reported a higher net profit of RM215 million in the first half ended June 30, compared with RM208 million in the same period a year ago.
The improved performance was driven by the increase in net fee and commission income, Islamic banking income, net gain on financial instruments and other operating income, said the group.
It recorded an earnings per share of 11.1 sen for the six months under review, compared with 12.3 sen in the same period previous year.
The group’s total capital ratio as at end-June was 16.81 per cent while Common Equity Tier-1 Capital Ratio and Tier 1 Capital Ratio were at 11.68 and 11.72 per cent, respectively, above the minimum regulatory requirements.
“Its Affinity Programme, which encompasses all aspects of the bank from digital banking to corporate, customer and small and medium enterprise (SME) business, will unleash new opportunities that will drive us into the next phase of growth.
“We have also launched our new branch concept on August 18 at MyTown shopping mall, which will be the basis for the bank to innovate our traditional branches products and services to move towards being paperless and mobile” said group chief executive officer Kamarul Ariffin Mohd Jamil in a statement.
The banking group said it would continue to leverage its strengths to further develop its business and improve market position by focusing on opportunities in the retail, SME and corporate segments.
Affin Bank Group will remain focused in its pursuits of operational excellence, inculcating strong governance, compliance and risk culture among the staff.
In line with the rapid development in digital banking landscape, the bank will continue to accelerate its digital banking capabilities and improve its innovativeness in offering financial solutions for better customer experience.