KUALA LUMPUR: The 'Propelling Malaysia Forward 2023: Sarawak Series' conference will allow Affin Group to explore opportunities in the state.
Affin Bank Bhd president and group chief executive officer Datuk Wan Razly Abdullah said the conference is timely, as it allows the group to delve into opportunities in the market that not only drive sustainable growth but also encourage innovation and foster collaborative efforts.
He also viewed this market outlook as an opportunity to fortify Affin's commercial ties with existing clients while also extending its outreach to encompass potential clients in Sarawak.
"Affin Group's expanding asset base not only reflects our present achievements but also underscores the commitment to future potential.
"The larger asset base will play a pivotal role in ensuring consistent and sustained earnings for the group," he said in a statement today.
Affin Group hosted its first 'Market Outlook: Sarawak Series 2H23' today at the Riverside Majestic Hotel in Kuching.
The conference highlights Sarawak's integral role in driving Malaysia's progress, particularly within the context of its thriving economy, and offers valuable insights on the Malaysia's second-half outlook for 2023.
In the first half of 2023, Affin Group saud it had witnessed consistent growth.
This is illustrated by its loan and financing portfolios that have risen to RM62.5 billion, marking an increase of 12.7 per cent from RM55.4 billion in the same period the previous year.
As of June 30 this year, the gross impaired loan (GIL) ratio for the group recorded a significant improvement of 1.78 per cent as compared to 2.28 per cent as of June 30, 2022, representing its lowest in seven years.
This achievement is further complemented by the bank's total assets which have crossed RM100 billion.