PETALING JAYA: The close to RM3bil global settlement with the Malaysian government is expected to see AMMB Holdings Bhd
(AmBank) slipping into the red for the current financial year ending March 31 (FY21), but analysts note that the banking group has continued to demonstrate resilience in its underlying business.
The settlement, as widely reported, is with regards to certain earlier former transactions of the bank that were linked to the now infamous financial scandal which happened at 1Malaysia Development Bhd (1MDB).
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