Improved performance by Alliance Bank

Alliance Bank said its capital positions remained strong with Common Equity Tier-1 ratio standing at 16.0%, Tier-1 Capital ratio was at 16.9% and total capital ratio at 21%.

KUALA LUMPUR: Alliance Bank Malaysia Bhd’s net profit jumped to RM572.82mil for the financial year ended March 31, 2022 (FY22) from RM358.78mil in the preceding year.

This is largely due to higher revenue from net interest income and lower allowance for expected credit losses.