MANAGEMENT TEAM - Affin Bank · 2016. 1. 8. · 1 4 5 3 2 MANAGEMENT TEAM AFFIN BANK BERHAD (25046-T) 13. 6. En. ... Kelab Sukan dan Rekreasi AFFINBANK. Khatimah Mahadi has 30 years

1. YBhg. Dato' Zulkiflee Abbas bin Abdul HamidManaging Director/ Chief Executive Officer

2. En. Amirudin bin Abdul HalimDirector, Business Banking

3. Mr. Tan Kok ToonDirector, Treasury

4. Pn. Khatimah binti MahadiGroup Chief Internal Auditor

5. En. Shariffudin bin MohamadExecutive Director, Operations

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MANAGEMENT TEAM

AFFIN BANK BERHAD(25046-T)

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6. En. Kamarul Ariffin bin Mohd. JamilChied Executive Officer, Affin Islamic Bank Berhad

7. Mr. Kasinathan T. KasipillaiGroup Chief Risk Officer

8. En. Idris bin Abd. HamidDirector, Consumer Banking

9. Mr. Ee Kok SinChief Financial Officer

10. Mr. Richard KongChief Human Resource Officer

11. YBhg. Dato' Mohamad Aslam Khan Gulam HassanChief Recovery Specialist

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Annual Report 2010 14

MANAGEMENT TEAM(continued)


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MANAGEMENT TEAM PROFILES

Kamarul Ariffin Mohd Jamil is the Chief Executive Officer of AffinIslamic Bank Berhad (AFFIN ISLAMIC) since 2006.

He joined AFFINBANK in 2003 as Head, Corporate StrategyDivision and in 2005 was appointed as Head, Islamic BankingDivision. His appointment to his current position was in 2006 whenAFFIN ISLAMIC was incorporated as a wholly-owned subsidiary ofAFFINBANK.

Prior to AFFINBANK, Kamarul held various positions inPengurusan Danaharta Nasional Berhad, namely Head ofManaging Director's Office and Sepecial Assistant to ManagingDirector between 1999 to 2003.

Kamarul graduated from the University of Cambridge in 1992 witha Bachelor of Arts (Economics).

Dato’ Zulkiflee Abbas bin Abdul Hamid, 54 years old, currentlyholds the position of Managing Director/ Chief Executive Officer ofAFFINBANK since 1 April 2009.

He joined AFFINBANK in March 2005 as Director, EnterpriseBanking and later on was made Executive Director, Bankingbefore assuming his current position.

Dato’ Zulkiflee has been in the banking industry for almost 30years. He started in a local leading bank, working his way upthrough various ranks and responsibities at home and abroad. Heleft in 2005 while he was the Chief Credit Officer.

Under his current portfolio, Dato’ Zulkiflee also holds directorshipsin Affin Investment Bank Berhad and Affin Islamic Bank Berhad

Dato’ Zulkiflee holds a Masters in Business Administration fromSouthern Illinois University, United States of America, the sameuniversity of which he obtained his Bachelor of Science (Marketing).

EN. KAMARUL ARIFFINMOHD JAMIL Chief Executive Officer, Affin Islamic Bank Berhad

YBHG. DATO' ZULKIFLEEABBAS BIN ABDUL HAMIDManaging Director/ Chief Executive Officer

Shariffudin Mohamad is the Executive Director, Operations ofAFFINBANK.

He joined AFFINBANK as the Director, Operations in August 2007 andwas appointed to his present position effective 1 November 2009.

EN. SHARIFFUDINMOHAMADExecutive Director, Operations

While he was the Director, Operations, he was also the ChiefCorporate Strategist and Chief Human Resource Officer.

Currently, he oversees the Operations Division encompassingBranch Operations, Information Technology, Property and Logistics,Strategic and Support Services including Customer Fulfillment, Legaland Corporate Communications.

He brings with him over two decades of banking experience with awell-known international financial institution and its acclaimed globaloutsourcing outfit.

He graduated with a Bachelor in Finance and a Master in BusinessAdministration from Southern Illinois University, United States ofAmerica.

Amirudin Abdul Halim joined AFFINBANK as Director, BusinessBanking in July 2009.

He brings with him over 20 years of banking experience acrossmany fields within the industry from credit control, branchoperations, business and consumer banking to corporateservices.

Amirudin served in several senior capacities during his long-termtenure with a local leading bank and brought recognition to thebank in 2007 when it received The Asian Banker's 'Excellence inRetail Financial Services for Automobile Lending'.

He graduated with a Bachelor of Arts degree in Finance from St.Louis University, United States of America and has attendedvarious programmes by Stamford University, Wharton BusinessSchool, Washington University and Asian Institute of Management,Philippines.

EN. AMIRUDINABDUL HALIMDirector, Business Banking

Idris Abd Hamid has over 30 years of experience in the bankingand finance industry. His career with AFFINBANK began in 1994when he was the General Manager for Affin Finance Berhad andhe was later made Deputy Chief Executive Officer for AFFIN-ACFFinance Berhad from 2000 to 2005. Prior to joining AFFINBANK,Idris held various positions at Arab-Malaysian Finance (currentlyknown as AmBank) from 1984 to 1994 as Branch Manager,Assistant Manager Corporate Loans and Head of ConsumerLoans Division. He graduated from the University of NorthernColorado and Southern Illinois University, USA with Masters inBusiness Administration and Bachelor of Science in Financerespectively.

EN. IDRIS ABD. HAMID

Director, Consumer Banking


MANAGEMENT TEAM PROFILES(continued)

Tan Kok Toon (KT) completed his Bachelor of Science (Hons) inMathematics from Universiti Malaya in 1987.

He joined AFFINBANK as Head of Treasury in October 2004 andis responsible for managing all aspects of Treasury Division acrossthe Group which includes AFFIN Islamic Bank Berhad and AffinInvestment Bank Berhad. He is the current Honorary Secretary,Persatuan Pasaran Kewangan Malaysia (Association CambisteInternationale) and the Chairman to its Seminar and EducationCommittee.

Prior to AFFINBANK, KT worked in one of the largest banks inMalaysia. For more than 18 years, he served in various capacitiesof Treasury operations, such as Treasury Manager with the Bank’sNew York branch and as Treasury Business Advisor to turnarounda business project in the Philippines. KT is also the president ofKelab Sukan dan Rekreasi AFFINBANK.

Khatimah Mahadi has 30 years of experience in Internal Auditingincluding 23 years in financial services with Citibank Berhad, adevelopment bank and a finance company. In addition, she alsohad a stint with a local bank, Lembaga Pasaran dan PerlesenanGetah and Auditing/Consulting Firm Hanafiah, Raslan &Mohamad. She was also the Director of Compliance and CountryInternal Audit Head when she was with Citibank Berhad.

MR. TAN KOK TOON

Director, Treasury

Ee Kok Sin began his career in 1982 as a Trainee Accountant witha firm of Chartered Accountants in London. He has extensiveexperience in auditing, treasury functions, financial accounting,financial management and information technology.

Prior to his appointment at AFFINBANK, he was the GeneralManager, Finance & Services of Pengurusan Danaharta NasionalBerhad. He is a Fellow Member of the Association of theChartered Certified Accountants (FCCA) and a member of TheMalaysian Institute of Certified Public Accountants (MICPA) andMalaysian Institute of Accountants (MIA).

MR. EE KOK SIN

Chief Financial Officer

Kasinathan holds a Masters in Business Administration from theUniversity of Bath, UK and is a Certified Risk Professional awardedby Bank Administration Institute, Chicago, USA. He is also anAssociate Fellow of Institute of Bankers Malaysia. This is inrecognition of his pioneering work in developing the CertifiedCredit Professional (CCP) certification. He continues to serve as anactive member of CCP Examination Committee to this day.

MR. KASINATHAN T.KASIPILLAI

Group Chief Risk Officer

He has over 30 years of local and overseas banking experienceparticularly in the area of Risk Management. He comes from aforeign bank background having earlier worked in the risk functionof that bank in a number of countries including London,Singapore, Hong Kong, Mumbai and Jakarta.

PN. KHATIMAH MAHADI

Group Chief Internal Auditor

Dato' Mohamad Aslam Khan holds a Bachelor's Degree inBusiness Administration with honours. He joined AFFINBANK in1996 as the General Manager of Commercial Banking Divisionand was later appointed the Head of Special Asset Management.He has held various positions domestically and internationally bothin the business and business support divisions. Dato' Aslam hasover 35 years of banking experience.

Prior to AFFINBANK, he held various positions at Maybank for 21years. His last position there was the General Manager of Maybankin New York. He also had a five-year stint with the former OrientalBank as the General Manager, Enterprise Banking Division.

YBHG. DATO' MOHAMADASLAM KHAN GULAM HASSANChief Recovery Specialist

Richard was previously the General Manager, Operations atPengurusan Danaharta Nasional Berhad until its winding down inDecember 2005. He has 35 years of extensive bankingexperience, including service in a leading international bank,Standard Chartered Bank Malaysia Berhad.

During his tenure with the Bank, he had the opportunity to serveas Head, Special Assets Management (SAM) Malaysia, RegionalHead SAM for Malaysia, Brunei & the Philippines. Richard alsoworked as a Senior Account Manager in SCB Nakornthon Bankin Bangkok, during the Asian financial crisis. He has a strong trackrecord in the areas of asset management, credit risk management,commercial and domestic corporate banking and also inmanpower planning, training and development.

MR. RICHARD KONG

Chief Human Resource Officer


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n behalf of the Board of Directors, I am pleased to present the Annual Report and Financial Statements of Affin Bank Berhad (AFFINBANK) for the financial year ended 31 December 2010.

During the year under review, Malaysia’s economy outperformed expectations to chalk up acommendable growth of 7.2% in 2010 compared with a contraction of 1.7% in 2009,bolstered by a rebound in manufacturing and services as well as brisk exports and imports.

The government, which implemented a RM67 billion stimulus package two years ago toboost the economy which was severely affected by the global downturn, had earlierforecasted Malaysia’s gross domestic product to grow by 5% to 6% in 2010.

However, the continued influx of foreign direct investments, a healthy reserves positionmaintained by Bank Negara and a record performing ringgit as well as high commodityprices, boosted growth and aided the country’s rebound in 2010.

In tandem with the strong rebound in the Malaysian economy, the Group’s net profit afterzakat and tax attributable to shareholders also rose by 20% to RM381.2 million for the yearended 31 December 2010. The good performance was driven primarily by the depositsbusiness sector especially the retail segment, improved customer touch-points to ensureexcellent and efficient customer service, continuous improvements on risk managementpractices to be abreast with prevailing economic climate and human capital development.

In a healthier economic environment which facilitated higher actual loan recoveries, totalallowances for losses on loans, advances and financing reduced to RM95.4 million for thecurrent financial year compared with RM187.5 million in 2009, when the market conditionsand economic environment were under great duress due to the global financial crisis.

Total loans and advances after deducting allowance for loan losses grew by 18% to RM26.0billion compared with RM22.0 billion a year ago as economic activities and demand for creditgathered momentum during the year under review. To support the loan growth, total depositscorrespondingly increased by 17% year-on-year to RM30.8 billion as at 31 December 2010.The Group’s total equity as at 31 December 2010 rose to RM3.3 billion contributed byRM346 million growth in the Reserves.

CHAIRMAN’SSTATEMENT

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CHAIRMAN’S STATEMENT

Annual Report 2010 18Annual Report 2010 18

In line with the Group’s strong financial performance,the Board approved a second and final one-tier taxexempt dividend of 5 sen per share for the year underreview. Together with the first interim of 5.28 sen paidon 6 December 2010, the total dividend payout for the2010 financial year amounted to 10.28 sen grossdividend per ordinary share or RM129.0 million.

AFFINBANK’s loan growth momentum remainedstrong at 17.5% year-on-year in December 2010compared with the industry’s 12.8% for 2010.Improvements were seen in property loan segments(+14.6% for residential mortgages and 64.3% for non-residential mortgages), auto (+18.9%) and workingcapital loans (+13.1%) in December 2010.

This loan growth momentum is expected to remainsteady in 2011 due to strong consumer sentiment,healthy business confidence, a stable interest rateenvironment and pent-up credit demand spurred by arecovering economy.

As the Group continues to forge ahead in our businessoperations and growth, we have not forgotten our roleas corporate citizen. The year saw us undertakingseveral corporate social responsibility initiativesincluding the donation of 50 homes valued at RM1.8million for the poor at Bukit Kenau IntegratedCommunity Centre in Pekan, Pahang under AffinIslamic Bank, RM1 million contribution to YayasanPerajurit, the yearly Tabung Hari Pahlawan campaign,annual contribution of Bungkusan Hari Raya to TabungKebajikan Angkatan Tentera, and handouts of ‘duitraya’ during our Hari Raya Open House with orphansand new converts.

Backed with a strong and experienced Board, befittingits aspiration to become a mid-size bank ofprominence, the Board of Directors remainscommitted to ensure the highest standards ofcorporate governance throughout the organisationwith the objectives of safeguarding the interests of allstakeholders and enhancing the shareholders’ valueand financial performance of the Bank.

The Board considers that it has applied the BestPractices as set out in the Malaysian Code ofCorporate Governance throughout the financial year,same as per the requirements set out in the BankNegara Malaysia’s Guidelines on Directorship in thebanking institutions (‘BNM/ GP1’).

Throughout 2010 and to date, the Bank continues toconduct its business with integrity and exercise a highlevel of transparency and objectivity.

In a move to extend its reach and encouraged with thegrowth potential in Indonesia, AFFINBANK had inAugust 2010 acquired an 80% equity interest inIndonesian bank, PT Bank Ina Perdana for RM138million.

PT Bank Ina Perdana has a niche positioning as a retailbank in the small and medium enterprise (SME) sector,which fits in nicely with AFFINBANK’s long term plan tofurther grow its business and increase its shareholdersvalue. It has 22 branches which are strategicallylocated in major cities in Indonesia.

We see this acquisition as a step forward forAFFINBANK and Affin Islamic Bank Berhad (AFFINISLAMIC). The potential for Islamic banking inIndonesia is vast and AFFIN ISLAMIC has thecapabilities and expertise to ensure the growth anddevelopment of Shariah banking as we moveregionally.

(continued)

AFFINBANK’s loan growth momentum remainedstrong at 17.5% year-on-year in December 2010compared with the industry’s 12.8% for 2010.Improvements were seen in property loan segments(+14.6% for residential mortgages and 64.3% for non-residential mortgages), auto (+18.9%) and workingcapital loans (+13.1%) in December 2010.

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This acquisition was the first for AFFINBANK toventure out of the Malaysian borders.

Looking ahead, the economic outlook for 2011 isexpected to be more subdued as the first quarter ofthe year have demonstrated how geopolitical risks inthe Middle East and North Africa (MENA) virtuallycannot be anticipated as uprisings lead to the spirallingof global oil prices to a 30-month high of US$112.09per barrel (for Brent crude) on 25 February and a 29-month high of US$96.98 per barrel (WTI). The majorconcern is that the dominoes in the Middle East couldcontinue to fall. If the recent rise in oil prices issustained, it would have a dampening impact on theglobal economy.

So far, the Malaysian economy has shown the ability toabsorb the crude oil price increases and is expected togrow between 5.0% and 6.0% in 2011, driven bydomestic demand and strong export performance,backed by the Economic Transformation Programme.The banking industry in Malaysia is expected tosustain its profitability with healthy capital and strongasset quality in 2011.

High-impact projects like the Mass Rapid Transit inKlang Valley especially in Greater Kuala Lumpur, areexpected to generate a large multiplier effect to theeconomy and spur business and consumer spending,thus supporting overall economic growth especially inthe loan sector.

Building on the momentum created in 2010, the Bankwill continue to focus on ‘sustainable business growth’in both Business Banking as well as ConsumerBanking segments, with an attitude of ‘lowest risktolerance’ financing.

The business units of the Bank comprise BusinessBanking, Consumer Banking, Debt and CapitalMarkets and Hire Purchase. Consumer Bankingprovides credit cards, personal loans, mortgages anddeposit taking services to individuals.

For Business Banking, the Bank will be leveraging onbusiness opportunities arising from the 10th MalaysiaPlan as well as the Economic TransformationProgramme, while Consumer Banking will bedeveloping specific products and packages that suitcertain targeted market segments.

The Group will also continue to seek improvements inour customer services, provide quicker turnaroundtime via better process efficiency and actively manageour operating costs to maintain profitability. With ourstrong balance sheet and capital position, the Groupis confident that we will be able to meet all thechallenges and opportunities ahead in order to serveand provide continued support to our valuedcustomers.

On behalf of the Board, I would like to thank ourshareholders, customers and business partners fortheir continuing support. My appreciation goes to allstaff and management for their dedicated services andfor delivering a commendable performance for thecurrent year. Finally, I wish to thank all my fellow BoardMembers for their wise counsel and contributions.

Jen. Tan Sri Dato’ Seri Ismail Bin Hj. Omar(Bersara)Chairman22 March 2011


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Annual Report 2010 20Annual Report 2010 20

PERFORMANCEREVIEW

n behalf of the Management team of Affin Bank Berhad (AFFINBANK), I am pleased to put forth the review of our performance for the year ended 31 December 2010.

The year 2010 was a year of stability and performance across all boards for Malaysiain light of its political developments and economic expansion plan by the Governmentfor its people.

Notwithstanding the difficult global economic environment experienced in Europe,Malaysia has steadily moved forward to remain robust and outperformed its owngross domestic product forecast.

The financial and banking sector in Malaysia has also profited from this setting withits strong solvency position and high quality of loan portfolio. The improved earningsfrom businesses, coupled with favourable employment prospects that bolstered thedebt servicing capacity of banks’ borrowers’ plus the credit compression andinjection from the public sector, ensured that the domestic financial markets were onsecured grounds.

In this respect, Affin Bank Berhad remained resilient and registered 22.8% higherprofit before zakat and tax of RM521.9 million for the financial year ended 31December 2010 compared with RM425.1 million in 2009.

The stronger performance was achieved on the back of strong growth in the totaldeposits especially the retail segment, improved customer touch-points to ensureexcellent and efficient customer service, continuous enhancement on riskmanagement practices in keeping abreast with prevailing economic climate andhuman capital development.

Net profit after zakat and tax increased by 20% to RM381.2 million for the year ended31 December 2010 compared with RM317.8 million the year before.

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The higher profit after zakat and tax translated into areturn on equity (ROE) of 12.93%, a commendableprogression from 11.43% in the previous year. Returnon assets (ROA) improved to 1.04% from 0.93% ayear ago, indicating a marked enhancement in thegeneration of the Bank’s investment.

Its net interest income rose by 2% to RM751.0 millionfrom RM736.0 million recorded in 2009. This iscontributed by the remarkable double-digit growth inloans, advances and financing, in the wake of thesubstantial increased of deposits.

Gross loans, advances and financing increased by17.5% to RM26.5 billion from RM22.6 billion the yearbefore, mainly contributed by household loans,followed by the construction, property and finance,insurance and business services sectors.

AFFINBANK also recorded an increase of 2% in otheroperating income to RM227.4 million from RM221.9million in 2009. Islamic banking income increased by 9%to RM177.8 million from RM162.6 million the year before.

During the year, the Group’s total assets rose byRM6.5 billion to RM42.1 billion, compared withRM35.6 billion in 2009. Net financing grew by 18.1%to RM26 billion.

Earnings per share increased by 20% to 26.5 sen pershare from 22.1 sen per share during the year underreview.

The Group’s shareholders equity expanded further by11.7% to RM3.3 billion in 2010 from RM3.0 billion theyear before.

Further details about the Bank’s performance by itsbusiness and operations units are as stated:-

Business BankingBusiness Banking segment represents 40% of theGroup's total revenue.

During the year, the Group's contract financing and itssmall and medium enterprise (SME) financing grewexponentially. Its commercial and institutional businessalso outperformed its targets last year.

Consumer BankingConsumer Banking segment constituted 37% of theGroup’s revenue. Mortgage and Hire Purchase beingthe key products, grew by RM1.9 billion or 47.6%,contributing to the Group’s loans, advances andfinancing growth of RM3.9 billion.

The growth in deposits was admirable with depositsfrom customers at the Group level increased 16.7% toRM30.8 billion from RM26.4 billion recorded the yearbefore. Fixed deposits rose by 25.4% to RM19.9billion from RM15.9 billion in 2009.

The launch of two new deposit products during theyear under review contributed to this healthy growth.These were the AFFIN FD PLUS and the OMG (OHMY GOSHH!) deposits campaigns which gave theBank the much needed visibility in terms of attractiveand better-than average industry’s rates, targeting itsexisting clientele and capturing new customersegments.

TreasuryThe Bank’s treasury manages a fund size of RM14.4billion and has maintained a sterling performance in returns with the support of experienced fundmanagers and financial analysts.


PERFORMANCE REVIEW

OperationsIn 2010, the Group embarked on a rejuvenationprogramme to create visibility and to brandAFFINBANK as a progressive yet personalizedfinancial partner for its customers. Convenience for thecustomers was the priority and relocation as well asrenovation underpinned this programme. Severalbranches underwent a refurbishment exercise and acouple of branches like Taiping and Alor Setar wererelocated to commerce areas that are more vibrantand business-centric.

In creating new customer touch-points and channels,the Bank has identified new business areas toestablish its presence and a new AFFIN Islamic branchopened its doors in mid-December located at theManagement & Science University (MSU) campus inShah Alam.

Overall, the Group’s operating expenses increased by4.8% to RM530.9 million against 2009 result ofRM506.5 million. This was mainly due to increasedpersonnel costs as the Bank continues its developmentand investment in its human capital as well.

The Group is well capitalised with its risk weighted capitalratio at 12.67% and a core capital ratio of 11.24%.

RAM Rating Services Berhad has reaffirmed the Bank’slong term and short term financial institution ratings at A1and P1 respectively, with a stable outlook.

In moving ahead with the times, year 2011 will bechallenging especially with regards to maintaining theBank’s upward momentum.

On the global front with crude oil prices on the rise andthe civil discontentment in the Middle East and NorthAfrica, many economies will be affected with risingrates and prices due to difficulties of obtaining goodsand services as well as inflation and unemploymentand in the said countries, state welfare and rebuilding.

Looking at the socio-political stability in the country andthe Government Transformation Plans (GTP), Malaysia’seconomy will definitely benefit from these two factors.The estimated population growth rate of 1.58%* andthe growing affluent in the country will also becontributors, with regulated banking system and thecontrolled monetary structures that are well-placed.

With all the factors and underlining conditions,determining the way forward and the businessstrategy for 2011 onwards will be two-pronged –internal improvements and external aggression.

Internally, emphasis will be on customer serviceenhancement with effective human capitaldevelopments, credit and risk managementimprovements and continuous branding process ofthe rejuvenation programme for the existing branches.

External aggression will include product innovationsand campaigns, identification of new sites forpresence, securing new business inclusive of ouroverseas acquisition, PT Bank Ina Perdana andfocused fee income business segments, imagebuilding and corporate initiatives via corporateresponsibility programmes.

The Bank is well-positioned to the meet the challengesahead as it grow steadily yet substantially to enhanceits shareholders’ value and market standing.

Lastly, I would like to thank all our customers, fellowcolleagues, the Management team, stakeholdersincluding our regulators and government agencies aswell as our esteemed Board of Directors for theircontinued support and confidence.

Dato’ Zulkiflee Abbas Bin Abdul HamidManaging Director/ Chief Executive Officer22 March 2011

(continued)

In this respect, Affin Bank Berhad remained resilientand registered 22.8% higher profit before zakat andtax of RM521.9 million for the financial year ended 31December 2010 compared with RM425.1 million in2009.

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Note:-* Source from CIA World Fact Book.


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EARNINGS PER SHARE (EPS)

(Sen)

PROFIT BEFORE TAXATION (PBT)

(RM’million)

TOTAL ASSETS

(RM’billion)

26.5

22.1

23.0

18.0

15.4

2010 2009 2008 2007 2006

521.

9

425.

1

454.

6

322.

0

272.

32010 2009 2008 2007 2006

42.1

35.6

33.0

31.9

29.4

2010 2009 2008 2007 2006

2010 2009 2008 2007 2006 2010 2009 2008 2007 2006 2010 2009 2008 2007 2006

NET LOANS, ADVANCES & FINANCING

(RM’billion)

DEPOSITS FROM CUSTOMERS

(RM’billion)

SHAREHOLDERS’ EQUITY

(RM’billion)

26.0

22.0

19.5

16.8

17.0

30.8

26.4

25.2

23.5

22.6

3.3

3.0

2.7

2.5

2.3

The Group’s EPS for the financial yearended 31 December 2010 stood at 26.5sen, compared to 22.1 sen the yearbefore.

The Group achieved PBT of RM521.9million, a commendable 22.8% rise for theyear ended 31 December 2010, comparedto RM425.1 million in 2009. The Group’sPAT also rose by 20% to RM381.2 millionfor the year ended 31 December 2010.

The Group’s financial position as at 31December 2010 continued to remainstrong with total assets of RM42.1 billion,an increase of 18.2% compared withRM35.6 billion as at 31 December 2009.

The Group’s net loans, advances andfinancing grew by 18.1% to RM26.0 billioncompared with RM22.0 billion in 2009, aseconomic activities and demand for creditgathered momentum during the year underreview.

Total deposits increased by 16.7% year-on-year to RM30.8 billion as at 31December 2010, in correspondence to theGroup’s loan growth.

Total shareholders’ equity of the Groupincreased by 11.7% to RM3.3 billion fromRM3.0 billion the year before.

FINANCIAL HIGHLIGHTS

AFFINBANK takes part in the DSA 2010 Exhibition for the firsttime as the Official Bank.

8 April 2010

AFFINBANK contributes RM5,000 to the Malam WartawanMalaysia 2010, to appreciate and strengthen network with themedia.

8 April 2010

Launching ceremony of the Integrated Community Centre atBukit Kenau, Mukim Pulau Manis, Pekan, Pahang, where 50homes valued at RM1.8 million were built for the purpose oferadicating hardcore poor.

16 July 2010

AFFINBANK shows support for the 14th Malaysian BankingSummit 2010.

27 May 2010

AFFINBANK runs for a good cause at The Edge-BursaMalaysia Kuala Lumpur Rat Race.

3 August 2010

AFFINBANK sponsors RM160,000 for the Hari Pahlawan 2010campaign.

19 July 2010


CORPORATE DIARY

AFFINBANK demonstrates its role as a caring organisationthrough community service for the Selangor and FederalTerritory Association for the Mentally Handicapped.

20 November 2010

AFFINBANK and MAHSA University College enters into a loanfacility agreement of RM324 million.

30 November 2010

AFFINBANK continues its tradition to contribute cash and in-kind worth RM100,000 to the Armed Forces personnelserving overseas, in the spirit of Ramadhan month.

16 August 2010

AFFINBANK contributed its internal AFFINBANKers PakistanFlood Relief Fund, in light of the tragedy in Pakistan.

6 October 2010

AFFINBANK supports the Karnival Perpaduan 1 Malaysia whilepromoting its latest financial products and services.

14 November 2010

AFFINBANK hosts a breaking of fast for 130 orphans and 30Muslim converts from around Klang Valley.

20 October 2010


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(continued)

CORPORATE DIARY

Documents

MANAGEMENT TEAM - Affin Bank · 2016. 1. 8. · 1 4 5 3 2 MANAGEMENT TEAM AFFIN BANK BERHAD (25046-T) 13. 6. En. ... Kelab Sukan dan Rekreasi AFFINBANK. Khatimah Mahadi has 30 years