KUALA LUMPUR: Affin Bank Bhd
said 2023 was a challenging year as the industry was faced with margin compression, which impacted net interest income.
"Net interest margin (NIM) compression has continued to impact revenue, but the group has shown resilience by building stronger and deeper foundations for current account savings account (Casa), loan growth, gross impaired loans, loan loss coverage, and customer acquisitions that will catapult us into the future," said president and group CEO Datuk Wan Razly Abdullah in a statement.
