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...
Capital Square, 3rd Floor
No 8 Jalan Munshi Abdullah
Kuala Lumpur, 50100
Alliance Bank Malaysia Berhad Announces Group and Parent Earnings Results for the First Quarter Ended June 30, 2015
Aug 18 15
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
Dec 12 14
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
Jun 5 14
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.