Our History

Alliance Bank Malaysia Berhad together with its subsidiaries, Alliance Investment Bank Berhad and Alliance Islamic Bank Berhad is a dynamic, integrated financial services group offering banking and financial services through its consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking, and stockbroking businesses.

It provides easy access to its broad base of customers throughout the country via multi delivery channels which include retail branches, Privilege Banking Centres, Business Centres, Investment Bank branches, and direct marketing offices located nationwide, as well as mobile and Internet banking.

With over five decades of proud history in contributing to the financial community in Malaysia with its innovative and entrepreneurial business spirit through its principal subsidiaries, Alliance Bank is committed to delivering the best customer experience and creating long-term shareholder value.

For a summary of our accomplishments through the years, click our History Timeline below.



Banque de L’Indochine commenced operations in Malaya with its first branch in the Selangor Kwangtung Association Building, Jalan Pudu, Kuala Lumpur. This branch was subsequently relocated to Jalan Raja Chulan, Kuala Lumpur, in 1975.


Banque de L’Indochine opened a sub-branch at Jalan Batu, Kuala Lumpur (now known as Jalan Tunku Abdul Rahman).



The name of the Bank was changed to Banque de L’Indochine et de Suez (Banque Indosuez). In the same year, Banque Indosuez acquired a building in Jalan Raja Chulan, Kuala Lumpur, to serve as its headquarters.


Malaysian French Bank Berhad was incorporated to assume the banking business of the two local branches of Banque Indosuez. The incorporation was the result of the French government’s nationalisation of Banque Indosuez and also of the subsequent restructuring of the Bank’s businesses in Malaysia to comply with local banking regulations.


Multi-Purpose Capital Holdings Berhad acquired a 70% stake in Malaysian French Bank.


The Bank established its “first” branch in Taman Maluri, Kuala Lumpur. In the same year, eight more branches were opened throughout the country.


During this time, 16 branches were established nationwide.



Malaysian French Bank Berhad changed its name to Multi-Purpose Bank Berhad.


Multi-Purpose Bank acquired Multi-Purpose Finance. By February 1998, the Bank had a network of 34 branches nationwide, including Sabah and Sarawak.


Multi-Purpose Bank Berhad was selected to be one of the anchor banks in the Malaysian government’s bank consolidation initiative. Multi-Purpose Bank Berhad successfully anchored the merger with International Bank Malaysia Berhad, Sabah Bank Berhad, Sabah Finance Berhad, Bolton Finance Berhad, Amanah Merchant Bank Berhad, and Bumiputra Merchant Bankers Berhad.


Multi-Purpose Bank was one of the ten anchor banks in the consolidation exercise of Malaysian financial institutions. MPlant acquired 70% equity in Multi Purpose Bank.


The Alliance Banking Group was established on 19 January with the successful merger of seven financial institutions. The newly-merged entity’s name and logo were unveiled to the public for the first time as the Alliance Banking Group comprising Alliance Bank Malaysia Berhad (Alliance Bank), Alliance Finance Berhad, Alliance Merchant Bank Berhad and Alliance Unit Trust Management Berhad.


On 1 August, Alliance Finance Berhad merged with Alliance Bank. Consequently, Hire Purchase is now offered at all Alliance Bank’s retail branches nationwide.


On 1 January, Alliance Merchant Bank Berhad acquired 100% equity interest in Kuala Lumpur City Securities (KLCS). Vertical Theme bought a 30% stake in MPlant, the holding company of Alliance Banking Group.


In August, Alliance Merchant Bank Berhad changed its name to Alliance Investment Bank Berhad (AIBB). In December, KLCS merged with AIBB to offer a full suite of investment banking services. KL City Research changed name to Alliance Research.


In April, Alliance Unit Trust Management Berhad merged with Alliance Capital Asset Management Berhad to form Alliance Investment Management Berhad.

In June, Alliance Islamic Bank Berhad was incorporated as a wholly-owned subsidiary of Alliance Bank.

In conjunction with the change of name of its holding company from Malaysian Plantations Berhad to Alliance Financial Group Berhad on 31 August, Alliance Banking Group underwent a major rebranding exercise and was renamed Alliance Financial Group.


Alliance Islamic Bank Berhad commenced its Islamic banking business on 1 April after assuming the entire Islamic banking business portfolio of Alliance Bank.



In January, Alliance Bank and AIA Berhad entered into a joint venture to form AIA AFG Takaful Berhad, which offers a range of Takaful savings, protection and investment products.


In March, Alliance Bank completed the sale of its 30% equity stake in AIA AFG Takaful Berhad.

In April, Alliance Investment Management Berhad ceased to be part of the Group, following the disposal of the Bank’s 70% equity interest.


Formerly a subsidiary of Alliance Financial Group Berhad, Alliance Bank Malaysia Berhad (ABMB) is now listed on the Main Market of Bursa Malaysia Securities Berhad, The Group Corporate Re-organisation Exercise was completed on 26 September 2017.