Affin Bank Posts RM144.99 Mln Net Profit For 3Q
KUALA LUMPUR, Nov 20 (Bernama) -- Affin Bank Bhd’s net profit for the third quarter ended Sept 30, 2025 (3Q 2025) slid to RM144.99 million from RM145.82 million a year ago.
Revenue also decreased to RM587.98 million from RM612.77 million previously, it said in a filing with Bursa Malaysia.
Affin Bank said its commercial banking recorded a profit before taxation (PBT) of RM246.0 million for 3Q 2025, from a PBT of RM213.5 million in the previous corresponding period, mainly due to a higher net income of RM66.5 million and lower operating expenses of RM18.3 million.
For investment banking, affiliate Affin Hwang Investment Bank Bhd Group recorded a lower PBT of RM61.9 million, a decrease of 49.8 per cent over the PBT of RM123.4 million recorded in the previous corresponding period primarily driven by a higher allowance for impairment losses of RM51.8 million and increased operating expenses resulting from higher management fees of RM30.3 million.
Meanwhile, the insurance division reported a share of profit amounting to RM48.4 million, representing an increase of RM28.0 million compared to the previous corresponding period, mainly due to better underwriting results.
For the cumulative nine months, Affin Bank recorded a higher net profit of RM412.56 million, up from RM374.61 million a year ago, while revenue increased to RM1.75 billion from RM1.61 billion previously.
On outlook, it said despite a challenging operating environment, the group and the bank remains confident in sustaining its growth momentum, supported by healthy business pipelines and continued expansion across core segments.
“The group and the bank continues to prioritise financial resilience through prudent balance sheet management, disciplined cost control and diversification of income streams, while maintaining a focus on asset quality and liquidity strength to support sustainable business growth,” it said.
Affin Group president and group chief executive officer Datuk Wan Razly Abdullah said its third quarter performance reflects disciplined execution in a changing interest rate environment.
“While the recent Overnight Policy Rate (OPR) reduction has resulted in some net interest margin compression, we are actively managing through repricing and growing our current account and savings account (CASA) base to mitigate the impact and support sustainable net interest income.
“Our high margin personal financing portfolio continues to expand in line with this strategy,” he said.
He added that as part of the group’s transformation journey, they have entered into a share purchase agreement to acquire Pheim Asset Management Sdn Bhd.
“This acquisition will enable us to develop new funds with differentiated investment themes, complement our existing private banking and wealth business.
“It also broadens our suite of asset management, portfolio management and advisory solutions for our clients. This move supports our long-term vision and strategy to build a more comprehensive universal banking franchise,” he said in a statement.
-- BERNAMA