Wednesday, 17 July 2013

AFG not looking for M&A in banking

Alliance Financial Group Bhd is not eyeing any M&A's for its unit, Alliance Bank Malaysia Bhd, despite it being a small bank in the market. Its director Sng Seow Wah said being small was not a setback as the bank had strong fundamentals. Sng, who is the CEO and Director of Alliance Bank Malaysia expects the bank to grow its loans by 11-13% for the financial year ending March 31, 2014. (Financial Daily)

Source: CIMB Daybreak - 17 July 2013

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