“Going forward, the bank will invest in scaling up its SME business with an aim to be among the top four banks in SME market share in Malaysia,” TA Research added.
PETALING JAYA: Alliance Bank Malaysia Bhd
’s (ABMB) proposed sale of its stockbroking business to Phillip Futures Sdn Bhd will help to raise funds and accelerate its growth strategies for its core businesses.
The planned disposal would allow the group to reprioritise its businesses to accelerate the growth of its consumer, the small and medium enterprises (SME) and Islamic banking businesses going forward.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
