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KUALA LUMPUR: AMMB Holdings Bhd posted net profit of RM1.34bil for FY ended March 31,2020, down by 10.9% from RM1.50bil a year ago due to a net impairment charge after taking pre-emptive macro provision in the final quarter due to the Covid-19 pandemic.
Low income, rising costs and weak crude prices come into focus
Immediate implications of Covid-19 will include slower loan applications and potential delinquencies
KUALA LUMPUR: AmBank Group has prioritised providing relief to customers who are impacted by the circumstances surrounding the Covid-19 pandemic.
PETALING JAYA: AMMB Holdings Bhd (AmBank Group) registered a 9.2% year-on-year increase in net profit to RM382.15mil for the third quarter of the financial year ending March 31,2020 (FY20).
KUALA LUMPUR: AmBank Bhd posted stronger earnings of RM382.15mil in the third quarter and RM1.09bil in the nine months ended Dec 31,2019, underpinned by stronger net interest income (NII) and non-interest income.
AMMPETALING JAYA: AMMB Holdings Bhd group CEO Datuk Sulaiman Mohd Tahir is upbeat on the country’s economic prospects next year amid the lingering external headwinds and US-China trade dispute
KUALA LUMPUR: The FBM KLCI extended its gains from the previous session to suggest a potential rally into the year-end.
KUALA LUMPUR: AMMB Holdings Bhd expects the banking sector to continue to see improved policy certainties and better clarity which will enable it to ride through the challenges in the new decade.
PETALING JAYA: AmBank will become the first conventional bank to offer banking services to a regulated cryptocurrency exchange in Malaysia.