KUCHING: AFFIN has set a Q2 2026 timeline to launch its asset management business, while targeting sustainable financing at 25 per cent of total loans by 2028.
AFFIN Bank Bhd’s President and Group CEO, Datuk Wan Razly Abdullah, said the plan follows the group’s move into fund management through the acquisition of AFFIN PHEIM Asset Management.
“On November 20 last year, we announced the acquisition of AFFIN PHEIM Asset Management. A strategic move that strengthens our capabilities and expands our presence in the fund management sector.
“This milestone paves the way for the launch of our asset management business by Q2 2026, reinforcing our commitment to growth and our ambition to make a mark in this dynamic industry,” he said in his welcoming speech at AFFIN’s Chinese New Year Dinner 2026 at Sheraton Hotel Kuching.
right) with Datuk Amar Douglas Uggah Embas and other dignitaries
join in tossing the ‘Yee Sang’.
Wan Razly said the group is also pushing ahead on sustainability and inclusion priorities this year.
“In 2026, we are not just reaffirming our commitment to sustainability, financial inclusion and corporate social responsibility, we are accelerating it,” he said.
He said that direction is already reflected in the loan book, with a longer-term target now set.
“This commitment is clearly reflected in our Sustainable Financing portfolio, which has reached 12.4 per cent of total loans as of Q3 2025, a significant milestone that marks strong momentum towards our 25 per cent target by 2028.
“It demonstrates that responsible banking is firmly embedded in how we do business,” he said.
