KUALA LUMPUR, April 20 — Maybank Investment Bank Bhd remains wary of Alliance Bank’s asset quality issues surfaced in the calendar year 2019 that could possibly be compounded by the movement control order (MCO). It said absolute impaired loans have jumped 70 per cent since March 2020 and...
Monday, 20 Apr 2020 11:20 AM MYT
KUALA LUMPUR, April 20 — Maybank Investment Bank Bhd remains wary of Alliance Bank’s asset quality issues surfaced in the calendar year 2019 that could possibly be compounded by the movement control order . The two main sources of impaired loans have been the bank’s historical mortgage portfolio, which has seen the GIL ratio increased to three per cent at end 2019 from 2.1 per cent end March 2019, while Alliance One Account has seen the GIL ratio doubled to 5.3 per cent at end 2019 from 2.7 per cent at end-March 2019.
Meanwhile, the small and medium enterprises loans make up 27 per cent of Alliance Bank’s total loans as opposed to a peer average of 15 per cent.
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