AmBank net profit up 12.6%


Going forward, group chief executive officer Datuk Sulaiman Mohd Tahir said the group would be rolling out more digital initiatives while remaining focused on its cost efficiencies through its BET300 programme.

PETALING JAYA: AMMB Holdings Bhd (AmBank Group) has recorded a 12.6% year-on-year (y-o-y) jump in net profit for the first quarter ended June 30, despite a lower net income from its insurance business and higher total operating expenses.

The sixth-largest banking group by assets told Bursa Malaysia yesterday that its bottom line in the April-June 2019 period had risen to RM391.46mil from RM347.59mil a year earlier.

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