AFFIN Bank : Group Focuses On Long-Term Strategic Thrusts & Financial Targets Through Its A25 Plan

media release
FOR IMMEDIATE RELEASE	25 MAY 2023

AFFIN GROUP FOCUSES ON LONG-TERM STRATEGIC THRUSTS & FINANCIAL

TARGETS THROUGH ITS A25 PLAN

KUALA LUMPUR - Affin Bank Berhad ("AFFIN BANK" or "the Group") held its 47th Annual General Meeting ("AGM") today and shareholders passed all thirteen (13) resolutions.

AFFIN Group registered a record performance for the financial year ended 2022 with Profit Before Tax (PBT) of RM1.377 billion - an increase of 96% from the previous year's numbers to surpass the RM1 billion profit milestone for the very first time, despite the challenging operating environment and market volatility in 2022.

AFFIN BANK also declared a final dividend of 7.77 sen which represents a total of 30.4 sen or RM677.1 million total dividend paid in FY2022.

President & Group Chief Executive Officer of Affin Bank Berhad, YBhg. Datuk Wan Razly Abdullah presented an update during the AGM where he said, "We have made great strides in our transformational process and the AIM22 Plan's completion represents yet another key accomplishment, of which some of the achievements include:

ITEMS	FY21	FY22	AIM22 ASPIRATION	INDICATOR (2022 Vs
			TARGET	AIM22 Aspiration
				Target)
Loan Growth	11.1%	15.4%	>12.0%	√
Net Interest Margin	1.97%	2.01%	>1.91%	√
Gross Impaired Loan	2.54%	1.97%	<2.30%	√
Loan Loss Coverage	72.5%	123.8%	100%	√
Loan Loss Reserve	130.2%	164.8%	>130%	√
Cost-to-Income Ratio	60.5%	62.6%	60.0%	×

"The Group will continue to build momentum with its next three-year strategy plan, the AFFIN 2025 Plan (A25 Plan), which focuses on three primary strategic objectives - Unrivalled Customer Service, Digital Leadership, and Responsible Banking with Impact. The goal is to maintain a constant focus on expanding business segments-led strategies such as Group Community Banking, Group Enterprise Banking, Islamic Banking, Group Treasury, and Affin Hwang Investment Bank Berhad (AHIBB). The A25 Plan is designed to help the Group unlock its ambitions and achieve its goals, through the five (5) main Strategic Thrusts, which include:

• Sustainable ROE - Elevate the level to 10%
• Banking 4.0 - Accessible banking services anytime, anywhere
• Efficiency x4 - Maximise productivity through operational excellence
• Enhance Brand Value - Progressive organisation
• ESG Focus - Responsible Banking with Impact

He added, "We are also honoured to have receive the 2023 Malaysian Banking Transformational Excellence Award at the 5th Malaysian Banking and Finance Summit on 23 May 2023. The recognition reflects the continuation of our growth strategy to morph into a forward-looking, tech- enabled and customer-centric organisation".

The AGM was chaired by the Chairman of Affin Bank Berhad, YBhg. Dato' Agil Natt, together with the Board of Directors and President & Group Chief Executive Officer, YBhg. Datuk Wan Razly Abdullah as well as the Senior Management.

The Chairman thanked all the investors, customers and other stakeholders for their continued support in enabling the Group to deliver excellent performance consistently. He also thanked the employees for their hard work, professionalism and commitment. AFFIN Group will remain focused on providing profitable and sustainable growth and will grow to become a Modern and Progressive Bank.

-END-

About AFFIN Group

Consisting of Affin Bank Berhad as the financial holding company of Affin Islamic Bank Berhad, Affin Hwang Investment Bank Berhad, Affin Moneybrokers Sdn Bhd. Generali Insurance Malaysia Berhad and Generali Life Insurance Malaysia Berhad are associate companies of Affin Bank Berhad.

AFFIN Group provides a suite of financial products and services that is catered to both retail and corporate customers. The target business segments are categorised under key business units such as Community Banking, Enterprise Banking, Corporate Banking, Treasury, Investment Banking and Securities. For more information, please visit https://www.affingroup.com

For more information, please contact:
Amirah Aliah Azlan	Sharifah Syahirah Syed Azlan
Assistant Manager, Strategic Communications	Assistant Manager, Strategic Communications
Contact Number: [phone]	Contact Number: [phone]
E-mail:[e-mail]	E-mail:[e-mail]