Affin Bank said the lower profit was attributed largely to lower gains from treasury assets compared with the previous year and additional provision overlays due to the prolonged Covid-19 pandemic.
PETALING JAYA: Affin Bank Bhd has recorded a lower net profit of RM68.94mil for the first quarter ended March 31 (Q1), compared with a net profit of RM123.57mil in the same period last year.
Revenue fell to RM537.63mil from RM624.80mil previously, the group said in a filing with Bursa Malaysia.
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