Affin ‘comfortable’ with CET 1 ratio of 12.8%

Holding court: Affin Holdings Bhd chairman Tan Sri Mohd Zahidi Zainuddin (centre) replying to media queries at the bank’s AGM. Looking on are Affin Hwang Investment Bank Bhd group managing director Datuk Maimoonah Hussain (left) and Kamarul.

KUALA LUMPUR: Affin Holdings Bhd is “comfortable” with the bank’s current common equity tier (CET) 1 ratio of 12.8%, said group chief executive officer Kamarul Ariffin.

Affin Holdings is not looking to raise capital for now as it is comfortable with the bank’s current common equity tier (CET) 1 ratio of 12.8%. The CET refers to common stock held by banks or other financial institutions and gives an idea of a bank’s financial health.