There was also a significant increase in allowance for expected credit losses on loans, advances and financing and other financial assets by 267% from RM21.02mil to RM77.23mil.
PETALING JAYA: Alliance Bank Malaysia Bhd
has reported a 17.79% dip in its net profit to RM115.52mil for the second quarter ended Sept 30 as compared with RM140.52mil a year ago on the back of higher net credit cost.
Net credit cost rose due to credit losses of a few large business accounts and the consumer residential property segment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
