AMMB’s pre-emptive provisioning lauded

Hong Leong Investment Bank (HLIB) Research said it expected AMMB’s NIM to come under slight pressure due to deposit rivalry and limited scope for further current account savings account (CASA) expansion.

PETALING JAYA: AMMB Holdings Bhd’s (AMMB) net interest margins (NIMs) and gross impaired loan (GIL) ratio may be impacted in the coming quarters but this should be softened by pre-emptive provisioning by the group.

Analysts said this following the release of the bank’s recent results which saw it report a second quarter of financial year 2022 (FY22) core bottom line of RM321mil, up 29% year-on-year, after accounting for net modification gains/losses and impairment of investment in its associate.