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.
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