CIMB Research said AMMB would start to realise cost savings of RM80mil per annum from its mutual separation scheme from FY19F onwards.
PETALING JAYA: AMMB Holdings Bhd
has proposed to dispose of RM553.91mil worth of non-performing loans (NPLs) of AmBank (M) Bhd and AmBank Islamic Bhd to Aiqon special-purpose vehicles (SPVs).
AMMB said the proposed disposal was part of the debt recovery strategy of AmBank and AmBank Islamic to strengthen their respective loan/financing management, resolution processes and monetise the portfolio.
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