PETALING JAYA: AMMB Holdings Bhd’s proposed private placement exercise is expected to partially replenish the group’s common equity tier-1 (CET 1) ratio to 11.7%, according to S&P Global Ratings (S&P).
In a statement yesterday, the credit rating agency said proceeds from the share placement would flow into the group’s operating subsidiaries, including AmBank (M) Bhd (BBB+/Negative/A-2), the main banking subsidiary of AMMB.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!