PETALING JAYA: AMMB Holdings Bhd
’s (AmBank) new five-year strategic plan aims to raise its returns and valuation by the market and analysts feel its proposed strategy is achievable despite possible execution challenges.
The banking group’s new five-year strategic plan dubbed “Winning Together” aims to deepen customer relationships and ultimately expand its return on equity (ROE) to 11% to 12% by financial year 2029 (FY29) from 8.3% in FY24.
