Affin Bank Q2 net profit falls 11pct on higher impairment allowances
KUALA LUMPUR: Affin Bank Bhd's net profit fell 11.13 per cent year-on-year to RM127.52 million in the second quarter ended June 30, 2026, weighed down by higher impairment allowances and a lower share of profit from associates.
Affin Bank Bhd reported an 11.13% year-on-year decline in net profit to RM127.52 million in Q2 2026, primarily due to higher impairment allowances and a lower share of profit from associates. Despite this, revenue increased by 5.01% to RM647.21 million, driven by stronger net interest and Islamic banking income, as well as higher fee and commission income.
The bank's impairment losses rose by RM38.1 million, while its share of results from associates declined by RM18.4 million. Net interest income grew by 10.5% to RM235.20 million, and income from Islamic banking business increased by 13.9% to RM249.35 million. However, net gains on financial instruments fell significantly to RM26.58 million, and other income declined to RM41.09 million. Pre-tax profit decreased by 8.1% to RM165.19 million.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
