Alliance Bank says in the midst of transformation, streamlining initiatives

This article first appeared in The Edge Financial Daily, on July 16, 2019.
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KUALA LUMPUR: Alliance Bank Malaysia Bhd has said it is constantly exploring strategic options to maximise shareholder returns.

It was responding to an article entitled “Alliance Bank to undergo streamlining?” by The Star on Saturday, which quoted sources as saying that the bank had approached advisers to commence the process of selling its majority interest in Alliance Investment Bank Bhd.

“Alliance Bank informs that as part of its ordinary course of business, it constantly explores strategic options to maximise shareholder returns.

“The bank remains focused on accelerating the momentum of its core business in the consumer and small and medium enterprise segments. It is also undertaking transformation initiatives centred on new digital propositions and ecosystem partnerships,” said the bank in a statement yesterday.

Alliance Bank added that it continues to streamline and modernise its processes to enhance customer experience.