Alliance Bank posts jump in 1HFY22 net profit to RM318.76mil


KUALA LUMPUR: Alliance Bank (M) Bhd recorded a net profit of RM318.76mil in the first half of its financial year ending March 31, 2021, 53.06% higher compared to RM208.26mil in the previous corresponding period on the back of higher income of RM935.94mil.

Pre-provision operating profit was up 5.5% y-o-y to RM547mil on the back of the improved revenue. Cost-to-income ratio also rose to 41.6%.

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Alliance Bank , Joel Kornreich

   

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