Affin Bank Group Records 33.6% Jump In Q4 Pbt

KUALA LUMPUR – AFFIN Bank Berhad (ABB), the new apex or bank holding company for the Group reported an improved performance for the final quarter of the 2017 financial year. The Group’s Profit Before Tax after Zakat (“PBT”) saw a 33.6% increase to RM223.5 million for the quarter under review, up from RM167.3 million in the previous financial year. Profit after Tax (“PAT”) rose to RM176.1 million from RM130.0 million in the corresponding quarter of the previous year. For the full-year ended 31 December 2017, the PBT of ABB Group was RM550.7 million while the Group’s PAT stood at RM424.4 million.

Earnings per share (“EPS”) for the financial year under review was at 24.0 sen (2016 : 27.5 sen) while net assets per share was RM4.26 as at 31 December 2017 (31 December 2016 : RM3.44).

“As the dynamics of the economy and industry continue to evolve, it is important that we put in place the right strategies, focused on efficiency, productivity and adaptability in order to differentiate ourselves and thrive. Our new corporate structure will enhance Group-wide synergy and drive us into the next phase of growth,” said En. Kamarul Ariffin Mohd Jamil, Group CEO of ABB Group.   
                                                  
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For media enquiries, kindly contact:-

Raja Emylia Raja Lope Ahmad                                                                   
Head, Corporate Communications
Affin Bank Berhad   
Tel  : +6 03 2055 9428  
Fax: +6 03 2026  1104  
Email : head.corpcomm@affinbank.com.my
                                                                                                                                                                         
Datin Hasnah binti Awang
Executive Director
Gading Kencana Development Sdn. Bhd.
2-06-02, Blok 2, Presint Alami,
Pusat Perniagaan Worldwide 2,
Persiaran Akuatik, Seksyen 13,
40100 Shah Alam, Selangor.
Tel: (60)3-55139888; Fax: (60)3-55233661
Email: hasnah@gadingkencana.com.my

About the AFFIN Bank Group

AFFIN Bank Group is a major home-grown financial services conglomerate. The Group’s activities focus on commercial, Islamic and investment banking services, money broking, asset management and underwriting of life and general insurance business. The prominent shareholder of AFFIN Bank is Lembaga Tabung Angkatan Tentera, the nation’s premier superannuation fund manager for the Armed Forces. As at 31 December 2017, the Group’s unaudited paid-up capital stood at RM4.7 billion, while the Group’s shareholders’ fund was at RM8.3 billion.

For more information on this press release, please e-mail ir@affinbank.com.my