JOINT STATEMENT BY
CHAIRMAN AND
GROUP CHIEF EXECUTIVE OFFICER

Dear Shareholders,

We are pleased to present to you the Annual Report of Alliance Bank Malaysia Berhad (“Alliance Bank” or “the Bank”) for the financial year ended 31 March 2024 (“FY2024”). The report details insights into our FY2024 journey and reflects the accomplishments for the year in review.

For FY2024, Alliance Bank delivered its highest ever revenues and net profit after tax, while maintaining solid capital and liquidity positions; as our Acceler8 2027 initiatives gain traction. The Group registered revenues of RM2.02 billion or a 5.2% increase YOY, driven by 4.1% growth in net interest income. Accordingly, our net interest margin was at 2.48%. We also registered an improvement in our net credit cost to 25.8 bps from 31.9 bps in the preceding year. Additionally, our cost-to-income ratio stood at 48.2% as we continued our investments in IT and digital innovation to drive future growth.