Investment date: 8 March 2005 Shareholdings: 14% Headquarters: Kuala Lumpur, Malaysia Annual Report

Alliance Bank Malaysia Berhad (Alliance Bank) was incorporated in Malaysia on 3 August 1982 under the name of Malaysian French Bank Berhad. In 1996, it assumed the name of Multi-Purpose Bank Berhad. Following the successful merger of seven financial institutions in January 2001, the Bank assumed its present name.

On 26 September 2017, the Bank was listed on the Official List of the Main Market of Bursa Malaysia Securities Berhad by assuming the listing status of its holding company, Alliance Financial Group Berhad upon the completion of a corporate re-organisation exercise.

Today, Alliance Bank and its two principal subsidiaries, Alliance Investment Bank Berhad and Alliance Islamic Bank Berhad, is a dynamic, integrated financial services group offering banking and financial solutions through its consumer banking, SME banking, corporate and commercial banking, Islamic banking, investment banking, and stockbroking businesses.

The Bank provides fast, simple and responsive services that meet the needs of its customers via multi-pronged delivery channels which include retail branches, Privilege Banking Centres, Business Centres, and Investment Bank branches located nationwide, as well as mobile and Internet banking.

Financial & Operating Highlights

  S$m, y/e 31 March 2019 2018 2017 2016
 Branches 82 82 88 88
 Employees 3,576 3,473 3,376 3,729
 Total Assets 18,774 18,277 17,076 19,289
 Shareholders Equity 1,904 1,851 1,615 1,679
 Net Income 179 160 168 179
 ROE % 9.5 9.3 10.2 10.7

Awards & Recognition

Alliance Bank Malaysia Berhad continues to be acknowledged by its peers for outstanding contribution, as well as creative and innovative financial solutions, to the Malaysian community. In recent years, it has received the following awards and recognition:

2019:

“Financial Inclusion Initiative of the Year – Malaysia” award at the Asian Banking & Finance Retail Banking Awards 2019

“Best Digital Transformation Initiative – Banking Sector – Malaysia 2019” at the Global Business Outlook Awards 2019

“Best SME Bank – Malaysia 2019; at the Global Business Outlook Awards 2019

“Best Digital Banking Initiative”” (Winner) at the RBI Asia Trailblazer 2019

“Best App for Customer Experience” (Highly Commended) at the RBI Asia Trailblazer 2019

“Best Customer Centric Online Banking Malaysia 2019” at the Global Banking & Finance Review 2019

“2018 Data Integrity Award – Regional Compliance” by Mastercard International


2018:

“Outstanding Client On-Boarding & Account Opening” (Winner) at the Global Retail Banking Innovation Awards 2018

“Outstanding Financial Inclusion Initiative” (Highly Acclaimed) at the Global Retail Banking Innovation Awards 2018

“Best Digital Experience” (Gold) at the Customer Experience Asia Excellence Awards 2018

“Best Omni-Channel Experience” (Gold) at the Customer Experience Asia Excellence Awards 2018

“Financial Inclusion Initiative of the Year – Malaysia” at the Asian Banking & Finance Retail Banking Awards 2018

“The Best Digital Sales Initiative, Application or Programme” at The Asian Banker’s International Excellence in Retail Financial Services Programme 2018

“Excellence in Service Innovation” at the Retail Banker International Asia Trailblazer Awards 2018

“Excellence in Business Model Innovation” at the Retail Banker International Asia Trailblazer Awards 2018

“Excellence in Mobile Banking – Customization” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2018

“Best Multi-Channel Offering” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2018

“Digital Transformation (DX) Leader in Omni-Experience Innovation” (Malaysia) at the IDC DX Awards 2017

“Best Financial Education & Awareness” at the Bank Negara Malaysia’s Karnival Kewangan Kuching 2017

“Best Financial Education & Awareness” at the Bank Negara Malaysia’s Karnival Kewangan Sabah 2017


2017:

“Building Trust Award 2017” (Finalist) at the PwC Building Trust Awards 2017

“Best Graduate Employment Scheme – Retail Banking” at the Retail Banker International Asia Trailblazer Awards 2017

“Excellence in Business Model Innovation” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2017

“Excellence in Leadership Development” (Finalist) at the Human Resource Excellence Award 2017 (Malaysia)


2016:

“Best Management Trainee/Graduate Programme” (Finalist) at the Graduate Recruitment Awards 2016

“Excellence in Graduate Recruitment & Development” (Silver) at the HR Excellence Awards 2016

“Graduate Employment Programme of the Year – Malaysia” at the Asia Banking & Finance Retail Banking Awards 2016

“Best Graduate Recruitment Programme” (Bronze) at the Human Resources Asia Recruitment Awards 2016

“Best Graduate Employment Scheme – Retail Banking” at the Retail Banker International Asia Trailblazer Awards 2016

“Excellence in SME Banking” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2016

“Best Bancassurance Product” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2016


2015:

“Sahabat Negara SME” by the SMI Association of Malaysia at the 14th SME Recognition Award 2015

“Best Management Trainee/Graduate Programme” (Finalist) at the Grad Malaysia Recruitment Award 2015

“Best Internship Experience” at the Grad Malaysia Graduate Recruitment Award 2015

“Excellence in Graduate Development” at the Human Resources Excellence Awards 2015

“Best Graduate Recruitment Programme” (Bronze) at the Human Resources Asia Recruitment Awards 2015

“Best Tech Implementation – Back Office” (Highly Commended) at the Retail Banker International Customer Experience in Financial Services Awards 2015

“Best SME Bank” in Malaysia at the Asian Banking & Finance Retail Banking Awards 2015

“Excellence in SME Banking” at the Retail Banker International Asia Trailblazer Awards 2015

“Best Graduate Programme” at the Retail Banker International Asia Trailblazer Awards 2015

“Best Community Outreach Programme” (Highly Commended) at the Retail Banker International Asia Trailblazer Awards 2015

“Best SME Bank” in Asia Pacific, Gulf region & Africa at The Asian Banker Excellence in Retail Financial Services International Awards 2015

“Best Retail Banking Brand Initiative” in Asia Pacific, Gulf region & Africa at The Asian Banker Excellence in Retail Financial Services International Awards 2015


Further information can be found at the website https://www.alliancebank.com.my

Joel Kornreich

Group Chief Executive Officer of Alliance Bank Malaysia Berhad

Mr. Joel Kornreich is the Group Chief Executive Officer of Alliance Bank Malaysia Berhad. He joined Alliance Bank on 1 January 2015.

Mr. Kornreich is an experienced banker with more than 25 years in the financial services industry. Before joining Alliance Bank, Mr. Kornreich was with Citigroup for 20 years in various roles around the world.

Mr. Kornreich’s last position with Citi was as its Country Business Manager of Citibank Global Consumer Group, South Korea. Prior to his South Korean appointment, he managed Citi’s Consumer Banking businesses in Indonesia and Russia, and served as CEO for Spain, Belgium and Greece. Before his tenure in Indonesia and Europe, Mr. Kornreich was Citi’s Marketing Director and Head of Mortgages and Liabilities for Asia Pacific, as well as Retail Banking Head for Singapore.

Mr. Kornreich left Citi between 1998 - 2001 to join the Consumer Banking business of ABN AMRO Bank, as Head of Sales and Distribution for Asia, and Consumer Banking business manager for Indonesia and Hong Kong.

Mr. Kornreich holds a Magna Cum Laude from Solvay Business School in Brussels, Belgium.