KUALA LUMPUR, Aug 26 — Alliance Bank Malaysia Bhd’s net profit rose to RM248.32 million in the first quarter ended June 30, 2026 (1Q FY2027) from RM198.70 million in the same period last year, representing a 25 per cent increase year-on-year (y-o-y).
The strong performance was primarily driven by lower allowance for expected credit losses and higher revenue, partially offset by increased operating expenses.
Revenue for the quarter under review rose by 2.5 per cent to RM630.93 million from RM615.32 million, with net interest income growing 2.5 per cent to RM12.7 million y-o-y, supported by growth in loans, advances and financing as well as investment securities.
“Net interest margin (NIM) moderated to 2.26 per cent (1Q FY2026: 2.42 per cent), reflecting the competitive funding environment and changes in asset mix.
“Other operating income increased by RM2.9 million or 2.5 per cent y-o-y to RM119.2 million, mainly attributable to stronger wealth management and credit card fee income, partly offset by lower treasury and investment income,” it said in a filing with Bursa Malaysia today.
The group continued to benefit from the successful execution of its ACCELER8 strategic plan, with gross loans, advances and financing expanding by 8.1 per cent to RM67.8 billion.
This is supported by broad-based growth across key business segments, namely consumer banking which grew 7.8 per cent, small and medium enterprises (SME) Banking (+6.4 per cent) and commercial banking (+19.1 per cent).
“The sustained momentum reflects the group’s continued focus on customer acquisition, portfolio expansion and deepening customer relationships across target segments, it said.
In a separate statement, Alliance Bank group chief executive officer Kellee Kam said the strong 1Q FY2027 performance reflects the momentum of its Acceler8 strategy and ability to capture high-quality growth across core segments.
He said amidst global volatility and supply chain pressures, the group remained resilient, supported by the country’s strong fundamentals.
“Notwithstanding the positive momentum, we remain cautious as we navigate the environment, while continuing to achieve market share gains in SME and consumer banking and sustained momentum across our regional franchises.
“As we enter the final stretch of Acceler8, we remain focused on investing prudently in our people, technology and capabilities, deepening customer relationships and delivering responsible, long-term value to all our stakeholders,” he added. — Bernama
Date: 26 August, 2026 2:48 pm
Source: Malay Mail
💬 Join the Conversation! 💬
We’ve disabled comments on our posts and pages to keep the discussions organized and lively! But don’t worry – the conversation isn’t over. Head over to our forum and share your thoughts, ideas, and feedback with the community! It’s the perfect place to connect, learn, and engage with others who care about the same things. We can’t wait to hear from you!