Alliance Bank posts higher Q2 net profit of RM189.91m

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KUALA LUMPUR, Nov 28 — Alliance Bank Malaysia Bhd has posted a higher net profit of RM189.91 million in the second quart...

It is maintaining a cautious stance on potential downside risks to growth stemming from external uncertainties, such as escalating geopolitical tensions.“The group aims to continue its loan growth momentum in FY2025 with strong integrated risk management practices while strengthening its funding base.“In addition, the group will continue to invest in upgrading its information technology infrastructure and digital capabilities to enable innovative propositions for its clients,” it said.

The dividend will be paid on Dec 30, 2024, based on the dividend entitlement date set for Dec 13, 2024.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Alliance Bank Malaysia Bhd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 15:37:15 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23917239

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