AFFIN Bank Bhd, which has a cost structure higher than the industry's, will strive to trim overheads in order to compete with bigger players under the new interest rate framework, said chief executive officer Datuk Abdul Hamidy Hafiz.
“The new framework will be a challenge to the bank. However, we are confident that we can defend ourselves,'' he said after Affin Holdings
' AGM in Kuala Lumpur yesterday. Affin Holdings owns the bank.
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