Latest news with #KelleeKam
The Sun
16 hours ago
- Business
- The Sun
LBS Bina secures RM88.4m green financing for solar farm project
PETALING JAYA: Property developer LBS Bina Group Bhd's special purpose vehicle, Suria Hijauan Sdn Bhd, has secured a RM88.4 million green financing facility from Alliance Bank Malaysia Bhd to fund the engineering, procurement, construction and commissioning (EPCC) costs for its maiden 43 MWp solar farm project. The project, which is under the Corporate Green Power Programme, is located in Senawang, Negeri Sembilan, and is scheduled for completion by the end of this year. The solar farm is expected to deliver stable, recurring revenue, thus enhancing long-term earnings resilience and underscoring LBS's commitment to sustainable growth. The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions. Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, was appointed as the EPCC contractor under a RM104 million contract, leveraging its expertise in delivering large-scale solar projects. LBS group executive chairman Tan Sri Lim Hock San said, 'This green financing marks an important milestone for LBS as we diversify into renewable energy, reinforcing our commitment to sustainability. 'Securing this credit facility from a reputable bank like Alliance Bank highlights the strong potential of our renewable energy venture and our capacity to expand our initiatives within this sector. This support reflects confidence in our strategic direction and financial strength, while also facilitating the successful execution of this project.' He added that this initiative not only resonates with their goal of creating a positive environmental impact, it also strategically complements their core property development business by integrating future product offerings with renewable energy solutions. Alliance Bank Group CEO Kellee Kam said they believe financial institutions have a critical role to play in advancing sustainable development and are honoured to partner with LBS, a company whose values and vision closely align with their own. He added, 'Today's announcement is not just the launch of a project – it marks the beginning of a journey and a cause we are proud to be part of.'
The Star
20 hours ago
- Business
- The Star
LBS achieves pivotal milestone in green financing
LBS group managing director and chief executive officer Datuk Wira Joey Lim Hock Guan (left) and Alliance Bank's group chief executive officer, Kellee Kam (right) at the official document presentation ceremony. LBS Bina Group Bhd has announced that its special purpose vehicle, Suria Hijauan Sdn Bhd has secured a RM88.4mil green financing facility from Alliance Bank Malaysia Bhd to fund the Engineering, Procurement, Construction and Commissioning (EPCC) costs for its maiden 43 MWp solar farm project. The project, which is under the Corporate Green Power Programme (CGPP), is located in Senawang, Negeri Sembilan and is scheduled for completion by the end of 2025. The solar farm is expected to deliver stable, recurring revenue, thus enhancing long-term earnings resilience, underscoring LBS' commitment to sustainable growth. The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions. Atlantic Blue Sdn Bhd – a subsidiary of Solarvest Holdings Bhd – was appointed as the EPCC contractor under a RM104.0mil contract, leveraging its expertise in delivering large-scale solar projects. LBS group executive chairman Tan Sri Ir Dr Lim Hock San commented that this green financing marks an important milestone for LBS as they diversify into renewable energy. 'Securing this credit facility from a reputable bank like Alliance Bank highlights the strong potential of our renewable energy venture and our capacity to expand our initiatives within this sector. 'This support reflects confidence in our strategic direction and financial strength, while also facilitating the successful execution of this project. 'This initiative not only resonates with our goal of creating a positive environmental impact, it also strategically complements our core property development business by integrating future product offerings with renewable energy solutions. 'In turn, this contributes to Malaysia's national carbon reduction goals, supporting the country's transition towards a low-carbon economy.' Expressing his optimism about the project, Alliance Bank's group chief executive officer, Kellee Kam said, 'At Alliance Bank, we believe financial institutions have a critical role to play in advancing sustainable development. 'We are honoured to partner with LBS, a company whose values and vision closely align with our own. He added, 'Today's announcement is not just the launch of a project – it marks the beginning of a journey and a cause we are proud to be part of.'
The Sun
02-06-2025
- Business
- The Sun
Alliance Bank to maintain strong loan momentum in FY2026
KUALA LUMPUR: Alliance Bank Malaysia Bhd aims to maintain strong loan momentum in FY2026 amid Malaysia's stable lending conditions. Group CEO Kellee Kam said the bank is guiding for loan growth of between 8% and 10% for FY2026, doubling the industry's expected growth of around 5%. 'We've been growing between 12% and 14% over the last two years, at double the industry rate. Despite the fluid situation with US tariffs and other global uncertainties, we believe Malaysia remains accommodative for growth,' he told reporters after the bank's EGM on Friday. To fund the growth, Alliance Bank Malaysia Bhd is raising RM606.5 million through a renounceable rights issue. The bank will issue 182.13 million new ordinary shares on a 2-for-17 basis at RM3.33 per share, representing a 20.1% discount to the theoretical ex-rights price (TERP) of RM4.1672. Kam said the capital injection is meant to fuel the bank's ongoing growth under its Accelerate 2027 plan. 'So again, if you look at our first quarter GDP numbers, it was at 4.4% after a very strong last year. Last year was about 5.6%. 'So we believe that the banking sector will continue to be accommodative for growth, sufficient liquidity and sufficient fiscal and monetary levers,' he said. He said the bank wants to position itself with enough capital to continue that growth. 'We want to not slow down because we believe that there's an opportunity for Alliance Bank to continue that pace of growth.' Kam said the bank expects growth to remain broad-based across business segments, as seen in FY2025 when total loan growth of 12% was well distributed. 'Consumer, which grew about close to 13%, ....about 12.6%. Our SME grew at about 10.5%. Commercial grew about 15%, and corporate grew about close to 9%. So it was fairly well distributed within the segments.' Kam said Accelerate 2027 was about broadening its engines of growth, which is how it has been able to grow much faster than it traditionally did. 'If you look at the compounded annual loan growth pre-Covid – specifically the three years before the pandemic – we used to grow about 3.3% compounded annually. Now, our three-year compounded growth is closer to 10.5%–10.6%, which is nearly three times what it used to be.' The rights issue is expected to lift the bank's core equity Tier-1 (CET1) ratio from 12.2% to 13.3%, and total capital ratio to nearly 18%, in line with larger peers. The rights issue is partially underwritten by RHB Investment Bank, which will underwrite 129.2 million shares – about 71% of the total. Rights trading runs from June 17 to 24, with the subscription deadline on July 2. The new shares will be listed on July 15. Alliance Bank FY2025 revenue up 12.3% y-o-y to RM2.3 billion and net profit rising 8.7% to a record RM750.7 million. Net interest income climbed 13.2% to RM1.95 billion, while net interest margin held steady at 2.45%. Non-interest income rose 7.7% to RM323.4 million. Total gross loans expanded by 12% to RM62.4 billion – more than double the industry's 5.2% growth.
Malaysian Reserve
27-05-2025
- Business
- Malaysian Reserve
Alliance Bank posts 11% rise in 4Q profit, declares 9.9 sen dividend to cap record FY25
ALLIANCE Bank Malaysia Bhd posted an 11% rise in net profit to RM197.49 million for the fourth quarter ended March 31, 2025 (4Q25), from RM177.74 million a year earlier, supported by stronger net interest income and lower provisions. Quarterly revenue increased to RM563.24 million from RM516.17 million, despite a slight drop in fee-based income. For the full financial year (FY25), net profit climbed to RM765.52 million from RM690.48 million, with revenue growing to RM2.27 billion from RM2.02 billion. Net interest income improved by RM226.4 million or 13.2% year-on-year, mainly driven by a 12% increase in loans, advances, and financing to RM62.4 billion. The bank's net interest margin stood at 2.45%, slightly lower than 2.48% in FY24. Operating expenses rose 11.8% to RM1.09 billion, with a cost-to-income ratio of 48.0%. The bank declared a second interim dividend of 9.9 sen per share, bringing the total FY25 dividend to 19.4 sen, representing a 40% payout ratio or RM300.3 million. Group CEO Kellee Kam credited the performance to the successful execution of the Acceler8 strategic plan, citing it as a reflection of the bank's long-term growth trajectory. Alliance Bank also advanced its sustainability agenda, securing RM14.4 billion in sustainable banking business towards its RM15 billion target by FY2027. Looking ahead, the bank remains cautious amid global uncertainties, including US-China trade tensions, but plans to continue upgrading its offerings, expanding lending prudently, and strengthening its risk management framework in FY26. — TMR
New Straits Times
27-05-2025
- Business
- New Straits Times
Alliance Bank's Q4 earnings up 11pct to RM198mil, declares 9.9 sen dividend
KUALA LUMPUR: Alliance Bank Malaysia Bhd's net profit rose 11 per cent to RM197.49 million for the fourth quarter ended March 31, 2025 (4Q25), from RM177.74 million a year earlier, boosted by higher net interest income and lower provisions. Quarterly revenue grew to RM563.24 million from RM516.17 million, driven by stronger contributions from both conventional and Islamic net interest income, partially offset by a slight decline in fee-based income. The bank registered higher earnings per share of 12.76 sen compared to 11.48 sen in 4Q24, the bank's filing to Bursa Malaysia showed. For the rom RM690.48 million a year ago, while revenue climbed to RM2.27 billion from RM2.02 billion previously. The bank's net interest income increased by RM226.4 million or 13.2 per cent year-on-year (YoY) in FY24, predominantly attributed to loan growth. The net interest margin (NIM) for the period was 2.45 per cent compared to 2.48 in FY24. Operating expenses rose by RM114.8 million or 11.8 per cent YoY, while the cost-to-income ratio (CIR) stood at 48.0 per cent. The implementation of the ACCELER8 strategic plan facilitated an expansion in the group's loans, advances, and financing, which increased by 12 per cent YoY to reach RM62.4 billion. The growth was predominantly propelled by advancements across all business lines. Alliance Bank has proposed a second interim dividend of 9.9 sen per share, bringing the total dividend for FY25 to 19.4 sen per share and resulting in a 40 per cent total dividend payout ratio, amounting to RM300.3 million. In a separate statement, Alliance Bank group chief executive officer Kellee Kam said the group's record-breaking results for FY25 reflect the successful execution of its Acceler8 strategy and reinforces our longer-term growth trajectory. "We remain focused on sustainable growth and creating long-term value for all our stakeholders," he noted. The bank is also advancing its sustainability agenda, achieving RM14.4 billion in new sustainable banking business as of FY2025, progressing towards its RM15 billion target by FY27. Collaborating with Bursa Malaysia, the bank launched the Sustainability Enhancement Programme to assist ACE market-listed companies with environmental, social and governance (ESG) reporting. On prospects, Alliance Bank said it will remain vigilant of the evolving global developments, particularly the potential escalation of US-China trade tensions, which could weigh on global trade activity and economic growth. Notwithstanding this, the bank will continue to upgrade its products, services, and technology to drive future growth, prudently expand lending, diversify deposit sources, and strengthen risk management in FY26.
