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Alliance Bank Q3 Net Profit Eases To RM122.5 Mln
Last update: 26/02/2018

KUALA LUMPUR, Feb 26 (Bernama) -- Alliance Bank Malaysia Bhd's†net profit for the†third quarter ended Dec 31, 2017, eased to RM122.5 million from RM129.6 million recorded in the same quarter of 2016.

Revenue rose to RM388†million from RM378.6 million, previously, mainly from net interest income and other operating income, while†pre-tax profit rose to RM180.6 million from RM171.8†million in the corresponding period, the group said in a filing with†Bursa Malaysia today.

Moving forward, the group said it would leverage on its franchise strength to deliver sustainable profitability and to fulfill the financial needs of its customers.

"The group will continue to improve balance sheet efficiency by focusing on better risk-adjusted return loans, liquidity management and mitigating credit risk.

"We will also continue maximising the linkages across consumer banking, business banking, financial markets, investment banking and Islamic banking to bring to bear the full suite of solutions and capabilities that the group has to offer to our clients," it added.



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US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?

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