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KUALA LUMPUR: Wong & Partners is advising Generali Asia N.V. on the proposed acquisition of the shares of AXA Affin General Insurance Bhd (AAGI) and AXA Affin Life Insurance Bhd.
PETALING JAYA: Despite Affin Bank Bhd’s latest insurance deal which will see it monetising some of its assets, the market remains cautious on its stock due to concerns surrounding some of its key ratios, including its gross impaired loan (GIL) ratio.
PETALING JAYA: Affin Bank Bhd and Generali Asia N V (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
KUALA LUMPUR: Affin Bank Bhd and Generali Asia N.V. (Generali) have agreed to form a joint venture to develop their life and general insurance businesses in Malaysia.
PUTRAJAYA (Bernama): Former Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim’s appeal against the High Court’s dismissal to strike out his corruption and money laundering charges will be heard by the Court of Appeal on Sept 6.
KUALA LUMPUR: JF Apex Research expects PA Resources Bhd, George Kent (M) Bhd, Mega First Corp Bhd and Serba Dinamik Holdings Bhd to be among the stocks to watch on Thursday.
KUALA LUMPUR: Kenanga Research has maintained its "underperform" recommendation on Affin Bank Bhd as the ongoing movement control order continues to disrupt the economy while delaying the rollout of the group's plans.
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.
KUALA LUMPUR: Affin Bank Bhd's net earnings for the first quarter ended March 31, 2021, fell 44.21% to RM68.94mil from RM123.57mil in the previous corresponding quarter due to lower gains from treasury assets and additional provision overlays due to the Covid-19 pandemic.
Affin Bank Bhd is extending its Targeted Repayment Assistance through its Financial Assistance and Instalment Relief (FAIR) programme until December 2021.