As at 9MFY2025, loans grew by 14.2% year on year (y-o-y) - compared with the industry average of about 5.5% - while its net profit rose 7.9% to RM553.23 million ($166.5 million). In FY2024, loans expanded by 13.6% (versus the industry's 6%) while net profit grew 1.9% to an all-time high of RM690.5 million.
For a small domestic-focused bank, Alliance Bank Malaysia has managed to rack up admirable growth in the last two years by playing to its strategy of doubling down on small and medium enterprises (SMEs) - its niche business - while firing up the consumer and corporate banking businesses that had been lagging.
Its loan growth rates are well above the industry average, and analysts believe Alliance Bank is on track to post yet another year of record earnings for FY2025 ended March 31, 2025. The results will be out late next month.
