AFFIN Group held its 48th Annual General Meeting where shareholders passed all 11 resolutions after the group registered a Profit Before Tax of RM518.3 million for the financial year ended
During the period, the Group’s CASA (Current Account/Savings Account) rose to RM18.9 billion in FY2023 compared to three years ago in 2020 at RM11.2 billion, with the CASA ratio stood at 26.7% surpassing the target of 25% marking the highest CASA Ratio ever for the Group.
The Group’s total assets grew to RM105 billion in FY2023 from RM70 billion in FY2020 with a year- on-year growth of 12.3% driven by significant loan growth. AFFIN Group also declared a final dividend of 5.76 sen, which represents a total of a total dividend payout of approximately RM135.3 million or 33.6% of the Group’s net profit for FY2023.
President & Group Chief Executive Officer of Affin Bank Berhad, Datuk Wan Razly Abdullah said “We have navigated a challenging year with a clear focus on our long-term objectives and remain steadfast to focus on sustainable growth strategies that prioritise long-term value creation for our shareholders and customers alike.’ To future-proof ourselves, we need to strengthen our core capabilities, innovate in key strategic areas, and invest in growth opportunities, while being nimble enough to respond to any unexpected changes in the external environment.
We are realigning our vision from the AFFIN 2025 Plan (A25) to the AFFIN Axelerate 2028 Plan (AX28), focusing on five critical pillars to navigate divergences in economic cycles and propel the Group towards a transformative leap forward, Expanding our commitment to customer excellence with a focus on Private Banking Business. Spearheading a digital revolution. Expanding our presence in Sarawak. Maximising capital efficient. Amplifying our ESG ambitions to weave sustainability into the fabric of our operations.
The banking group said it remained focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.
