KUALA LUMPUR: Affin Bank Bhd's net profit surged 74.9 per cent to RM117.95 million in the second quarter (Q2) ended June 30, 2021 from RM67.39 million.
In a statement today, Affin Bank said this was attributed largely to higher net interest income and higher income from Islamic banking business.
Its revenue increased 25.2 per cent to RM578.9 million from RM462.46 million.
For the first half, Affin Bank's net profit eased 2.1 per cent to RM186.89 million from RM190.97 million, while revenue rose 2.7 per cent to RM1.12 billion from RM1.09 billion.
"The result is expected given the tough operating environments under the Movement Control Order (MCO) conditions.
"We continue to invest in the digitalisation of our business to build a stronger and sustainable business for the long term," the bank said.
Affin Bank president and group chief executive officer Datuk Wan Razly Abdullah Wan Ali said the bank launched its New Repayment Assistance (NRA) 2.0 programme on July 7, which aims to provide financial relief to all customers during this difficult time.
"Apart from NRA 2.0, the bank continues to engage with customers that have been affected by the Covid-19 pandemic through its Repayment Assistance Program, which has recently been extended to December 31, 2021.
"We are continuing with more and more NRA applications with the prolonged MCO and are doing our best to support our customers who have been impacted by the slowdown," he said.
In addition, Affin Bank said it was ramping up its journey to create and expand digital offerings for individuals and business customers alike.
The bank has launched SME Colony mobile app version 3.0 to its small and medium enterprise (SME) customers with enhanced functionality and user friendliness.
"The bank will continue to build a sustainable journey through the implementation of the AIM22 Program anchored on five key elements of value creation and to continue with its objective to increase productivity and build a strong foundation with focus on digital transformation acceleration, cost optimisation and asset quality," it said.