Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 31, 2015 9:56 PM ET

Banks

Company Overview of Alliance Bank Malaysia Berhad

Company Overview

Alliance Bank Malaysia Berhad provides banking and related financial services in Malaysia. The company operates through Consumer Banking, Business Banking, Financial Markets, Investment Banking, and Others segments. It accepts savings, current, fixed deposit, foreign currency, and Islamic deposit accounts. The company’s loan products include personal loans, home loans, hire purchase financing, equipment and business premises financing, general working capital loans, bridging finance, palm oil plantation financing, and government assistance schemes. It also offers credit, debit, and prepaid cards; unit trust, dual currency, and capital protected structured investment products, as well as reta...

Menara Multi-Purpose

Capital Square, 3rd Floor

No 8 Jalan Munshi Abdullah

Kuala Lumpur,  50100

Malaysia

Phone:

60 3 2604 3333

Fax:

60 3 2694 6200

Key Executives for Alliance Bank Malaysia Berhad

Group Chief Executive Officer
Age: 49
Group Chief Operating Officer
Chief Executive Officer of Alliance Investment Bank Berhad
Chief Executive Officer of Alliance Islamic Bank Malaysia Berhad
Age: 47
Head of Group Business Banking
Compensation as of Fiscal Year 2015.

Alliance Bank Malaysia Berhad Key Developments

Alliance Bank Malaysia Berhad Announces Group and Parent Earnings Results for the First Quarter Ended June 30, 2015

Alliance Bank Malaysia Berhad announced group and parent earnings results for the first quarter ended June 30, 2015. For the quarter, on parent basis, the company reported interest income of MYR 453,608,000 compared to MYR 406,636,000 a year ago. Net interest income was MYR 205,615,000 compared to MYR 194,753,000 a year ago. Net income was MYR 282,305,000 compared to MYR 294,991,000 a year ago. Operating profit before allowance was MYR 152,278,000 compared to MYR 170,762,000 a year ago. Profit before taxation was MYR 147,492,000 compared to MYR 170,566,000 a year ago. Net profit for the financial period was MYR 113,042,000 or 14.2 sen per diluted share compared to MYR 135,094,000 or 17.0 sen per diluted share a year ago. Net cash used in operating activities was MYR 1,598,927,000 compared to net cash generated from operating activities of MYR 404,056,000 a year ago. For the quarter, on group basis, the company reported interest income of MYR 463,718,000 compared to MYR 423,485,000 a year ago. Net interest income was MYR 206,686,000 compared to MYR 199,233,000 a year ago. Net income was MYR 343,259,000 compared to MYR 336,150,000 a year ago. Operating profit before allowance was MYR 176,057,000 compared to MYR 175,046,000 a year ago. Profit before taxation and zakat was MYR 159,724,000 compared to MYR 173,296,000 a year ago. Net profit for the financial period was MYR 121,278,000 or 15.2 sen per diluted share compared to MYR 131,114,000 or 16.5 sen per diluted share a year ago. Net cash used in operating activities was MYR 1,327,174,000 compared to net cash generated from operating activities of MYR 489,566,000 a year ago.

Alliance Bank Malaysia Berhad Appoints Joel Kornreich as Group Chief Executive Officer, Effective January 1, 2015

Alliance Bank Malaysia Berhad announced the appointment of Mr. Joel Kornreich as its Group Chief Executive Officer. His appointment will take effect on 1 January 2015. Mr. Kornreich has over 23 years of experience in the financial services industry. Before joining Alliance Bank, he was with Citigroup for 20 years in various roles around the world, and is well known for his successful management of consumer banking businesses, built around superior service and innovative solutions.

Alliance Bank Malaysia Berhad Announces Resignation of Sng Seow Wah as Group Chief Executive Officer, Effective July 4, 2014

Alliance Bank Malaysia Berhad announced that Sng Seow Wah has decided not to renew his employment contract as Group Chief Executive Officer of the Bank when it ends on July 4, 2014 as he has to attend to important family matters in his home country. The Board of Directors of the Bank has reluctantly accepted Sng's decision. Sng joined the Bank in July 2010.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Alliance Bank Malaysia Berhad, please visit www.alliancebank.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.