{
  "id": 3446915,
  "title": "Alliance Bank’s first-quarter net profit jumps 25pc to RM248.3m",
  "url": "https://urgent.news/2026/08/26/alliance-banks-first-quarter-net-profit-jumps-25pc-to-rm248-3m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T06:48:09.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/08/26/alliance-banks-first-quarter-net-profit-jumps-25pc-to-rm2483m/232715"
  },
  "original_language": "en",
  "account": "Alliance Bank Malaysia Bhd's net profit surged by 25% in the first quarter of fiscal year 2027, ending June 30, 2026, to RM248.32 million from RM198.70 million in the same period last year. The impressive growth can be attributed to a decrease in the allowance for expected credit losses and an increase in revenue, although this was somewhat counterbalanced by a rise in operating expenses. The revenue for the quarter reached RM630.93 million, marking a 2.5% increase from RM615.32 million in the previous year. Net interest income also grew by 2.5% to RM12.7 million, driven by an increase in loans, advances, and financing, as well as investment securities.\n\nHowever, the group's net interest margin (NIM) dropped to 2.26% from 2.42% in the previous quarter, likely due to a competitive funding environment and alterations in the asset mix. Other operating income climbed by RM2.9 million, or 2.5%, to RM119.2 million, primarily due to a boost in wealth management income and credit card fees, partially offset by a decline in treasury and investment income.\n\nAlliance Bank Malaysia Bhd has been successful in executing its ACCELER8 strategic plan, with gross loans, advances, and financing expanding by 8.1% to RM67.8 billion. This growth was driven by consistent expansion across key business segments: consumer banking rose by 7.8%, SME banking increased by 6.4%, and commercial banking expanded by 19.1%. The group's CEO, Kellee Kam, attributed the strong performance to the momentum of the Acceler8 strategy and its ability to capture high-quality growth across core segments. Despite the positive momentum, Kam expressed caution amid global volatility and supply chain pressures, emphasizing the bank's focus on customer acquisition, portfolio expansion, and deepening customer relationships in the remaining stages of Acceler8.",
  "summary": "KUALA LUMPUR, Aug 26 — Alliance Bank Malaysia Bhd’s net profit rose to RM248.32 million in the first quarter...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "New Straits Times",
        "title": "Bank Islam net profit up 9.8pct to RM139.12mil in Q2",
        "url": "https://urgent.news/2026/08/26/bank-islam-net-profit-up-9-8pct-to-rm139-12mil-in-q2",
        "published": "2026-08-26T06:13:22.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Public Bank posts RM1.82b quarterly net profit, declares 10.5 sen interim dividend",
        "url": "https://urgent.news/2026/08/26/public-bank-posts-rm1-82b-quarterly-net-profit-declares-10-5-sen",
        "published": "2026-08-26T06:43:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}