Malaysia Well-positioned To Develop Islamic Finance Market Space - Affin Bank

By Suraidah Roslan

KUALA LUMPUR, June 19 (Bernama) -- Malaysia is well-positioned to develop the Islamic finance market space and be a hub for liquidity pooling, supported by growing demand in Islamic secure funding, said Affin Bank executive director of group treasury Hanif Ghulam.

HLIB Expects Banking Sector's Earnings To Grow At 3.4 Pct CAGR In 2024-2026

KUALA LUMPUR, June 9 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) forecasts the banking sector’s earnings to grow at a two-year compound annual growth rate (CAGR) of 3.4 per cent over the financial year of 2024-2026. 

Affin-AMMB Merger Will Be Dilutive Due To Significant New Shares Issuance - CIMB Securities

KUALA LUMPUR, May 21 (Bernama) -- CIMB Securities Sdn Bhd expects the potential merger between Affin Bank Bhd and AMMB Holdings Bhd to entail significant issuance of new shares, which will likely be quite dilutive.

Affin Bank 1Q Net Profit Rises To RM124.09 Mln, Revenue Jumps To RM543.93 Mln

KUALA LUMPUR, May 19 (Bernama) -- Affin Bank Bhd’s net profit for the first quarter ended March 31, 2025 (1Q 2025) rose to RM124.09 million and revenue jumped to RM543.93 million compared with the same quarter last year.

Financial Institutions Must Do More Than Manage Capital As Sarawak Charts Bold Economic Direction -- Uggah

KUCHING, April 27 (Bernama) -- As Sarawak charts a bold course toward becoming a high-income and innovation-led economy by 2030, financial institutions must do more than just manage capital, said State Deputy Premier Datuk Amar Douglas Uggah Embas.

Malaysian Banks To Stay Appealing Amid Trade Tensions - HLIB

KUALA LUMPUR, April 21 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) said Malaysian banks are expected to be among the more attractive sectors for investors seeking refuge from United States President Donald Trump’s trade war.

Affin Shareholders Approve All AGM Resolutions, Proposes Bonus Issue Amid Strong FY2024 Performance

KUALA LUMPUR, April 16 (Bernama) -- Shareholders of Affin Group approved all ten resolutions tabled at the bank’s 49th Annual General Meeting (AGM) today.

LTAT To Reduce Strategic Asset Holdings To 35 Pct Under Project Earth

KUALA LUMPUR, March 27 (Bernama) -- The Armed Forces Fund Board (LTAT) plans to reduce its strategic asset holdings from 56 per cent to 35 per cent under ‘Project Earth’ over the next three years to lower exposure while retaining control.

Affin Bank, MUFG Malaysia Ink MoU For Strategic Partnership

KUALA LUMPUR, March 19 (Bernama) -- Affin Bank Bhd has signed a memorandum of understanding (MoU) with MUFG Bank (Malaysia) Bhd to foster business cooperation and drive shared growth opportunities.

Malaysian Banks To See Moderate Profit Growth In 2025 On Steady Loan Expansion -- RAM Ratings

KUALA LUMPUR, March 7 (Bernama) -- Malaysian banks will likely see moderate profit growth this year, underpinned by steady loan expansion and still-benign loan provisioning expenses.

Banking Sector Remains Bullish; Dividend Expected At 5.0-6.0 Pct

KUALA LUMPUR, March 3 (Bernama) -- The Malaysian banking sector remains bullish as it provides  a good shelter from Trump 2.0, said Hong Leong Investment Bank Bhd (HLIB).

Affin Bank's Profit Up 26.7 Pct In 2024 Amid Higher Income, Write-back Of Impairment Losses

KUALA LUMPUR, Feb 25 (Bernama) -- Affin Bank Bhd’s net profit increased 26.7 per cent to RM509.70 million for the financial year ended Dec 31, 2024 (FY2024) from RM402.19 million in the preceding year due to a higher income as well as higher write-back of credit impairment losses by RM229.6 million.