Alliance Bank aims 30% monthly growth in forex account opening

KUALA LUMPUR,: Alliance Bank Malaysia Bhd expects its new online foreign currency account products, Alliance XChange, to grow 3% on a month-on-month basis to reach an equivalent RM200mil in deposits by year-end.

Its Executive Vice President and Head of Group Transaction and Alternative Banking Victor Khor said he was confident the Alliance XChange, which currently has a take up rate of 20% since its soft launch in February, would enjoy better growth rate in the coming months due its unique features.