What does ABB mean in BANKING
ABB stands for Affin Bank Berhad, a Malaysian financial institution that is majority-owned by the ABM Group, and is listed on Bursa Malaysia. The bank operates nationally and offers a range of banking products and services to individuals, entrepreneurs, SMEs and corporations, as well as investment banking, corporate finance and asset management services.
ABB meaning in Banking in Business
ABB mostly used in an acronym Banking in Category Business that means Affin Bank Berhad
Shorthand: ABB,
Full Form: Affin Bank Berhad
For more information of "Affin Bank Berhad", see the section below.
Products & Services
Affin Bank provides a wide range of retail banking products including savings and current accounts, loans, credit cards, overdrafts and fixed deposits. It also offers Islamic banking products such as Al Dana Term Deposit-i which pays competitive rates of returns that are calculated daily based on a tiered structure. For small businesses and entrepreneurs the bank's solutions include loan financing packages such as business term loans with flexible repayment terms according to cash flow requirements. Aside from this they also offer card acceptance services which allow merchants to accept payments from customers through debit or credit cards.
Investment Banking & Corporate Finance
For larger businesses the bank has an array of corporate banking solutions tailored for big companies. These include corporate treasury services such as cash management solutions, loan syndication and placement services along with structured debt financing solutions. In addition to this the bank has an experienced team of professionals in investment banking who can provide comprehensive advice in project development in areas like mergers & acquisitions, equity capital market placements/IPOs, Islamic capital market products/structures or private placements among others.
Asset Management
Affin Bank also provides asset management services through its subsidiary company Affin Hwang Investment Management Berhad (AHIM). This firm provides an array of discretionary portfolio management services such as unit trusts funds, bond fund investments portfolios or socially responsible investments portfolios along with advisory services for wealth creation planning or trust formation purposes. Additionally AHIM also delivers real estate advisory services to support portfolio expansion strategies both domestically and overseas.
Essential Questions and Answers on Affin Bank Berhad in "BUSINESS»BANKING"
What is ABB?
Affin Bank Berhad, commonly referred to as ABB, is a commercial bank based in Malaysia. It provides banking services such as deposits, loans, debit cards and credit cards. The bank also offers investment and wealth management products
Final Words:
Overall Affin Bank Berhad (ABB) is a full service financial institution providing comprehensive banking products and services tailored towards individuals as well as SMEs and corporations seeking financial back up for their operations ranging from retail banking to investment banking to corporate finance right down to asset management. All these solutions are provided in compliance with Shariah principles ensuring peace of mind when dealing with ABB’s offerings.
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