AMMB swings back to the black in FY22

AmBank group CEO Datuk Sulaiman Mohd Tahir said following the Bank Negara hike of 25 basis points in the overnight policy rate (OPR) in May 2022, the group expects the central bank to continue with the normalisation of the OPR in the second half of this year (2H22), with the expectations of two hikes of 25 basis points each time. “The first hike could happen in July 2022 while the second one, possibly in September 2022,” Sulaiman said.

PETALING JAYA: AMMB Holdings Bhd (AmBank) expects the banking sector loan growth to increase between 4% and 5% this year, driven by the economic recovery.

AmBank group CEO Datuk Sulaiman Mohd Tahir said loan growth is anticipated in both corporate and consumer loans due to pent-up demand.