13 June 2023

Alliance Bank and IJM Land Partner to Drive Adoption of Green-Certified Properties

Press Release

Kuala Lumpur, 13 June 2023 - Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) and IJM Land Berhad (“IJM Land”) today entered into a Memorandum of Understanding (“MoU”) to encourage the ownership of green-certified properties to contribute towards a more sustainable community and environment.

This partnership eases the homebuyers’ access to Alliance Bank’s Green Mortgage Financing Package for IJM Land’s green-certified properties, which offers competitive financing package, and fast turnaround time of the loan application.

“As the Bank progresses towards becoming an ESG-focused organisation, we continue to innovate solutions around our customers to meet their evolving needs. This strategic partnership with IJM Land aligns with our ESG aspiration as well as our goal to be a bank for the community, supporting their home ownership journey. We look forward to expanding our reach to key target market, enabling more businesses and customers to adopt sustainable practices and create more meaningful impact for the community,” said Ms Gan Pai Li, Group Chief Consumer Banking Officer of Alliance Bank.

The Bank aims to achieve RM10 billion in new sustainable banking business by FY2025 as part of its sustainability goal that include reduction of the Bank’s own greenhouse gas emissions. Alliance Bank recorded RM6.7 billion in new sustainable banking business as at its FY2023.

“Given the high impact the construction industry has on the environment, we have made innovation and ecological sustainability the primary drivers of our growth strategy. This way, every product that we create is not only relevant, but responsible as well and so it is incumbent on us to create offerings that are Distinctively IJM,” said Datuk Wong Tuck Wai, Chief Executive Officer of IJM Land.

“The package fits perfectly with IJM Land’s green, healthy and wholesome value proposition and enables homebuyers to use our offerings as the starting point for their sustainable journey into green homeownership,” added Wong.

The partnership with IJM Land supports Alliance Bank’s growth opportunities identified under the Acceler8 strategy, which will see the Bank broadening its focus into the consumer segment on end-property financing. The Bank is transforming its talent and digital propositions alongside refreshing branch and customer services to deliver more value to the community and stakeholders.

Alliance Bank recently introduced Malaysia’s first in-app virtual credit card with dynamic card number in its Visa Virtual Credit Card that provides enhanced security for online transactions and does away with the physical card, making it an ESG-friendly option for individuals.

For more information on this collaboration or the Bank’s products and services, please visit https://www.alliancebank.com.my.

Group photo of spokespersons from Alliance Bank and IJM Land at the MoU signing ceremony between the two organisations (from left to right):

  1. Mr Chai Kian Soon, Senior General Manager, IJM Land Berhad
  2. Datuk Wong Tuck Wai, Chief Executive Officer, IJM Land Berhad
  3. Ms Gan Pai Li, Group Chief Consumer Banking Officer, Alliance Bank Malaysia Berhad
  4. Mr Edwin Lee, Head, Cards & Loans, Alliance Bank Malaysia Berhad