Alliance Bank's brokerage disposal could support dividend payout

KUALA LUMPUR: Alliance Bank Malaysia Bhd's disposal of its stockbroking business in Alliance Investment Bank to Phillip Futures could support dividend payout and allow the bank to redeploy capital, said RHB Research.

In a note, the research firm said it estimated that the divestment would add 50-55bps to CET-1 ratio, which was 15.6% as at end-September 2021.