Joel Kornreich CEO of Alliance Financial Group Bhd during the press conference after the 50th Annual General Meeting of Alliance Financial Group Bhd.-- M. Azhar Arif/The Star 19 July 2016.
Elaborating on the financial results for the quarter ended June 30, 2016, AFG said the net profit after tax grew 2.0% quarter-on-quarter to RM132.5mil. Pre-provision operating profit improved by 13.2% on-quarter to RM194.7mil.
“Net interest margin improved 10 basis points on-quarter to 2.22%.Loans growth in the SME sector remained strong at 16.1% on-year, with an excellent gross impaired loans ratio at 0.8%,” it said.
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