{
  "id": 3459252,
  "title": "Alliance Bank Q1 earnings up 25pct as credit loss allowances fall",
  "url": "https://urgent.news/2026/08/26/alliance-bank-q1-earnings-up-25pct-as-credit-loss-allowances-fall",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T07:58:33.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/08/1519146/alliance-bank-q1-earnings-25pct-credit-loss-allowances-fall"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR - The net profit of Alliance Bank Malaysia Bhd surged 25 percent in the first quarter, concluding June 30, 2026, propelled by reduced provisions for anticipated loan defaults and elevated income, partially offset by amplified operating costs. Net earnings climbed to RM248.32 million from RM198.69 million the previous year, while revenue expanded by 2.5 percent to RM630.93 million from RM615.32 million, as per its Bursa Malaysia submission. The revenue surge was attributed to an increase in both net interest income (NII) and non-interest income (NOII). NII climbed 2.5 percent year-over-year to RM511.7 million, primarily due to higher loan amounts, while net interest margin remained at 2.26 percent. NOII also rose 2.5 percent to RM119.2 million. Operating expenses increased by 7.8 percent, indicating ongoing strategic investments in technology and personnel under its Acceler8 strategy. Gross loans climbed 8.1 percent year-over-year to RM67.81 billion, and total gross loans and unrated bonds experienced a 9.5 percent increase to RM69.33 billion, outpacing industry loan growth. Alliance Bank's chief executive officer, Kellee Kam, remarked that the quarter's performance mirrored the momentum of its Acceler8 strategy and the bank's capacity to derive quality growth across its main divisions. Kam stated that the bank remained prudent in navigating the operating landscape while continuing to gain market share in the small and medium enterprise and consumer banking sectors, alongside consistent gains across its regional divisions. Kam emphasized that as they approach the final phase of Acceler8, the bank remains committed to investing judiciously in its personnel, technology, and capabilities, strengthening customer relationships, and delivering responsible, long-term value to all stakeholders.",
  "summary": "KUALA LUMPUR: Alliance Bank Malaysia Bhd’s net profit rose 25 per cent in the first quarter ended June 30, 2026, driven by lower allowances for expected credit losses and higher revenue, partly offset by increased operating expenses.",
  "key_points": [
    "Alliance Bank Malaysia's net profit rose 25% in Q1 2026",
    "Revenue increased by 2.5% to RM630.93 million",
    "Operating expenses grew 7.8% due to strategic investments"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}