AMMB Q3 net profit up 4% on rising net interest income

PETALING JAYA: AMMB Holdings Bhd, which is undergoing a transition plan, posted a 4.3% rise in net profit in the third quarter ended Dec 31, 2016 to RM313.17mil from RM300.15mil a year ago, on higher net interest income (NII).

The sixth largest lender in the country told Bursa Malaysia that the 5% rise in NII was supported by 2.2% growth in net interest margin (NIM), which reflected active margin management.