Alliance Bank records 9pc jump in FY19 earnings | Malay Mail

In a filing with Bursa Malaysia, Alliance said the business banking segment improved its operating profit by 15.4 per cent to RM425.80 million. — AFP pic

However, an 11 per cent growth in operating expenses weighed down its consumer banking business, which saw its operating profit drop 12.6 per cent to RM195.56 million although net income was 1.5 per cent stronger at RM562.96 million. The segment's profit was further eroded by a RM33.73 million rise in allowance for expected credit loans for loans, advances and financing.

Alliance Bank’s gross loans and advances grew six per cent year-on-year to RM42.7 billion outpacing the industry loan growth of 4.9 per cent.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Securities Commission revokes licence, imposes penalty on former CIMB Investment Bank staff due to improper business practices | Malay MailKUALA LUMPUR, May 23 ― The Securities Commission Malaysia (SC) has revoked the Capital Markets Services Representative’s Licence (CMSRL) of Chu Li Choon, effective May 10, 2019, for various improper business practices when transacting for her client. “Chu’s CMSRL was revoked under Section...
Source: malaymail - 🏆 1. / 86 Read more »