AmBank to remain vigilant

“The group will continue to increase its provision buffer should the need arise, ” AmBank (M) Bhd CEO Datuk Sulaiman Mohd Tahir told StarBiz

PETALING JAYA: The recent resurgence in the number of Covid-19 cases underscores the highly volatile circumstances that are exacerbating the damage already inflicted on the economy, while posing challenges to a swift economic recovery.

AmBank (M) Bhd CEO Datuk Sulaiman Mohd Tahir said this, adding that as a result, the bank, ranked sixth by asset size, had set aside an additional RM205mil to “strengthen provision coverage” in the second quarter of its financial year ending March 31 (FY21).