Latest news with #RM563.24
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.
