


apple developer account for sale ：Alliance Bank posts Q3 net profit of RM100.46mil


KUALA LUMPUR: Alliance Bank Malaysia Bhd posted a net profit of RM100.46mil in the third quarter ended Dec 31, 2020, 25% less than RM134mil in the previous corresponding quarter.Revenue for the quarter was up 12.6% to RM475.7mil from RM422.47mil in the comparative quarter.In 9MFY21, the bank recorded a 5.36% lower net profit of RM308.71mil as compared to RM326.21mil in the previous corresponding period.Revenue for the nine months was 9.3% improved over the previous year at RM1.37bil.Over the three quarters, the bank's net interest income improved 2% year-on-year (y-o-y) to RM1bil due to loans growth and lower funding cost arising from a better deposit mix.CASA grew 17.5% or RM3.1bil y-o-y for a CASA ratio of 44.6%Non-interest income grew 35.8% y-o-y to RM369.1mil due to higher treasury income and improved wealth management and brokerage fees.Pre-provision operating profit grew 22.9% y-o-y to RM803.2mil due to higher revenue growth and expense moderation.Cost-to-income ratio improved to 41.4% y-o-y.Operating expense decreased 5.5% y-o-y due to prudent cost optimisation measures.“In 9MFY21, we were able to lessen the effect of rising credit costs through stringent cost management on personnel, IT and professional fees, as well as deposit optimisation,” said group CEO Joel Kornreich in a statement.With regard to the bank's capital positions, Common Equity Tier-1 ratio was at 16.3%, Tier-1 Capital ratio at 17.3%, and total capital ratio at 21.7%Liquidity coverage ratio was at 153% and loan-to-fund ratio was at 86.1%."Alliance Bank will continue to proactively help customers navigate through the impact of COVID19 by providing financial and non-financial assistance and accelerate its digitisation efforts to deliver fast, simple and responsive customer experience," it said.

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