Affin’s earnings sink on loan impairment allowance, higher overheads

Higher allowance for loan impairment of RM131.3mil is one reason for the lower nine-month profit of the Affin Bank Bhd group.

KUALA LUMPUR: Affin Holdings Bhd’s (AHB) earnings sank 23.6% year-on-year to RM102.39mil for the third quarter (Q3) ended Sept 30, with profits from its various operating segments declining across the board.