Alliance expects modest loan growth

Alliance Bank group chief executive officer Joel Kornreich during the prize giving ceremony at HGH Convention Centre on Nov 7 2016.

KUALA LUMPUR: Alliance Bank Malaysia Bhd expects total loans to grow modestly in its current financial year 2018 (FY18), primarily attributed to the lower performance of some of its loan portfolios.

According to Alliance Bank group chief executive officer Joel Kornreich (pic), the bank is projecting higher growth for the overall loan volume in its current financial year. The bank registered a total loan growth of 1.5% in FY17, buttressed by the healthy funding position of the banking institution.