KUALA LUMPUR: Alliance Bank Malaysia Bhd
has assured investors that it is well-positioned to grow independently and organically, while denying knowledge of any potential merger and acquisition (M&A) exercise.
Its chief executive officer Kellee Kam made the comment amid speculation that Singapore’s largest bank, DBS Bank Ltd, is trying to acquire a major stake in Alliance Bank.
“I think at the present, we are happy to progress on a standalone basis.
“If you take a look at our performance over the last few years, we’ve been hitting record numbers every year.
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