Alliance Bank said revenue growth was driven by the improvement in non-interest income, which rose 25.5% on-year to RM94.5mil mainly due to higher treasury and investment income.
KUALA LUMPUR: Alliance Bank Bhd's net profit climbed 36% to RM104.31mil in the first quarter ended June 30, 2020 from RM76.68mil a year ago due to higher other operating income, lower operating expense and lower credit losses.
In a statement issued on Thursday, it said revenue rose by 4.1% to RM421.61mil from RM405mil. This was driven by the improvement in non-interest income, which rose 25.5% on-year to RM94.5mil mainly due to higher treasury and investment income. Earnings per share were 6.7sen compared with five sen.
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