AmBank optimistic on FY24 after solid first half

KUALA LUMPUR: AMMB Holdings Bhd (AmBank) logged an improved performance in the first half of its 2024 financial year (FY24) as it navigated a challenging external environment in the second quarter of 2023.

"The group also stands at a position of strength with a much-improved capital position, which led to an upgrade in the group’s credit rating to AA2 by RAM," said group CEO Datuk Sulaiman Mohd Tahir in a statement.