Alliance Bank poised for healthy loan growth this year

HLIB Research said the bank's 10% year-on-year loan growth is seen continuing into the third quarter of financial year 2024.

PETALING JAYA: Alliance Bank Malaysia Bhd (ABMB), the smallest banking group by asset size in Malaysia, is poised to see healthy loan growth this year, backed by the small and medium enterprise (SME) and commercial segments.

Hong Leong Investment Bank Research (HLIB Research) said the bank's 10% year-on-year loan growth is seen persisting into the third quarter of financial year 2024 (3Q24), supported by the SME and commercial segments, with rising focus towards healthcare, education and green technologies.