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AMMB’s plan to dispose of NPLs expected to boost its net profit


AMMB, which is Malaysia’s sixth largest banking group by assets, is projected to make a net gain of RM314mil to RM338mil following the proposed disposal of the retail NPLs of AmBank (M) Bhd and AmBank Islamic Bhd.  RHB Research Institute was positive on the plan.

AMMB, which is Malaysia’s sixth largest banking group by assets, is projected to make a net gain of RM314mil to RM338mil following the proposed disposal of the retail NPLs of AmBank (M) Bhd and AmBank Islamic Bhd. RHB Research Institute was positive on the plan.

PETALING JAYA: AMMB Holdings Bhd ’s plan to dispose RM553.91mil worth of non-performing loans (NPLs) would likely boost its net profit in the current financial year of 2019 (FY19) by about 18%, according to RHB Research Institute.

AMMB, which is Malaysia’s sixth largest banking group by assets, is projected to make a net gain of RM314mil to RM338mil following the proposed disposal of the retail NPLs of AmBank (M) Bhd and AmBank Islamic Bhd.

Corporate News , Banking , AMMB

   

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