AMMB sees net loss in FY21 on impairments



KUALA LUMPUR: AMMB Holdings Bhd said it will take a one-time hit of RM1.937bil in the fourth quarter ended March 31 (Q4FY21).

This includes a RM1.789bil in goodwill attributed to its conventional and investment banking business, as well as RM148mil in impairment in an associate (REIT impairment).

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