AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir said in a statement that he was satisfied with the group’s performance with underlying net profit growing 6.5% year-on-year despite the Covid-19 pandemic and the resulting movement control order.
PETALING JAYA: AMMB Holdings Bhd
posted an underlying net profit of RM416.7mil, up by 6.5%, in the first quarter (Q1) ended June 30,2020 after adjusting for net modification loss and pre-emptive macro provisions.
The banking group said yesterday that total income increased by 2.6% to RM1.09bil, underpinned by higher trading and investment income, partially offset by margin compression and net modification loss of RM57.5mil.
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