KUALA LUMPUR, May 31 — Alliance Bank Malaysia Bhd reported a lower net profit of RM112.87 million for the first quarter (Q1) ended March 31, 2018, from RM117.39 million in the same quarter last year.
Revenue, however, rose to RM403.53 million from RM367.25 million previously, the company said in a filing to Bursa Malaysia.
“Moving forward, the group will leverage on its franchise strength to deliver sustainable profitability and to fulfil the financial needs of our customers. We will also continue to optimise and strengthen the bank’s foundation by improving balance sheet efficiency with better risk adjusted return loans, liquidity management, and mitigating credit risk,” it said.
Alliance Bank will also continue maximising the linkages across consumer banking, business banking, financial markets, investment banking and Islamic banking to capitalise on the full suite of solutions and capabilities that the group offers to the clients.
This is aligned with the bank's vision of “Building Alliances to Improve Lives.”
The bank would also be digitising key processes to deliver enhanced customer experience and to improve the efficiency of its operations to improve profitability. — Bernama
