Affin Bank posts RM144.99mil net profit in 3Q

KUALA LUMPUR: Affin Bank Bhd maintained a stable earnings performance in the third quarter ended Sept 30, 2025, amid a changing interest rate environment.

Affin group president and group CEO Datuk Wan Razly Abdullah said the recent reduction in the overnight policy rate by Bank Negara has resulted in some net interest margin compression.

"We are actively managing through repricing and growing our current account savings account (Casa) base to mitigate the impact and support sustainable net interest income. 

"Our high margin personal financing portfolio continues to expand in line with this strategy," he said in a statement.

During the quarter under review, Affin Bank posted a net profit of RM144.99mil, as compared to RM145.82mil in the year-ago quarter. Earnings per share dipped to 5.72 sen from 5.75 sen in the comparative quarter.

Quarterly revenue dropped to RM587.98mil from RM612.77mil in 3QFY24.

For the nine-month period to Sept 30, 2025, Affin Bank recorded a net profit of RM412.56mil, up from RM374.61mil in the same period in 2024. Revenue in 9MFY25 rose to RM1.75bil from RM1.61bil in the previous-year period.

Net interest income in 9MFY25 was RM626.4mil, up 4.3% y-o-y, while non-interest income decreased 5% y-o-y to RM487.6mil.

According to the bank, gross loans and financing in the nine months expanded 7.7% year-on-year (y-o-y) to RM76.1bil.

Customer deposits increased 4.5% to RM77.3bil, while the Casa ratio dropped to 25.8% on Sept 30, 2025, from 26.9% on Sept 30, 2024.