For FY24, the bank posted a net profit of RM509.7mil, up 26.7% from RM402.2mil.
PETALING JAYA: Affin Bank Bhd
’s financial year ended Dec 31, 2024 (FY24) results have beaten analyst expectations on better asset quality but surprised with a bonus issue in place of cash dividends.
Kenanga Research said the banking group is looking for more aggressive targets in FY25, intending to build up capital to prime up growth or to seek strategic acquisitions, which it opines could be for complementary business units rather than entire entities.
