KUALA LUMPUR: Alliance Bank Malaysia Bhd’s net revenue jumped to RM572.82 million for the monetary 12 months ended March 31, 2022 (FY2022) from RM358.78 million within the previous 12 months, largely as a consequence of greater income from net interest income and decrease allowance for anticipated credit score losses.
In a submitting with Bursa Malaysia, the financial institution stated income for the 12 months was barely greater at RM1.87 billion in contrast with RM1.82 billion beforehand, whereas fundamental earnings per share rose to 37 sen from 23.18 sen earlier than.
Alliance Bank has declared a second interim dividend of 10.2 sen per share for FY2022, bringing the full dividend for the monetary 12 months to 18.5 sen per share, which represented a dividend payout ratio of fifty per cent.
In a separate assertion, the financial institution stated its net interest income improved 8.8 per cent year-on-year (y-o-y) to RM1.48 billion in FY2022 whereas client-based price income (excluding brokerage income) elevated by 3.5 per cent y-o-y. Pre-provision working revenue grew to RM1.04 billion, exceeding the RM1 billion mark for the second 12 months.
In FY2022, the financial institution grew its loans by 4.6 per cent y-o-y. Small and medium enterprise (SME) loans elevated by 12.4 per cent y-o-y, twice as quick because the business, whereas company and business loans rose 9.5 per cent y-o-y as a consequence of greater mortgage utilisation.
Current account financial savings account (CASA) deposits grew 3.4 per cent y-o-y, attributable to the elevated opening of Alliance SavePlus Accounts, which contributed in direction of an improved CASA ratio of 48.9 per cent, sustaining the financial institution on the prime of the business.
Alliance Bank stated its capital positions remained sturdy with Common Equity Tier-1 ratio standing at 16.0 per cent, Tier-1 Capital ratio was at 16.9 per cent, and complete capital ratio at 21 per cent.
Meanwhile, loan-to-fund ratio stood at 87.2 per cent, and liquidity protection ratio was at 155.1 per cent.
Digital transactions elevated by 35 per cent y-o-y, and now constitutes 75 per cent of complete buyer transactions, it added. – Bernama
