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AmBank Group recognised for excellence in e-payments for third year
KUALA LUMPUR: AmBank Group has garnered two awards at the Malaysian e-Payments Excellence Awards (MEEA) held here late last month.KUALA LUMPUR: AmBank Group has garnered two awards at the Malaysian e-Payments Excellence Awards (MEEA) held here late last month.
Banking on less
Digitisation and automation in the global banking sector coupled with an environment of low interest rates and slow capital market activities have changed the way employees are being managed. These days, it is no longer a shock to learn about global banks shedding a high number of their workers.
AmBank net profit up 12.6%
PETALING JAYA: AMMB Holdings Bhd (AmBank Group) has recorded a 12.6% year-on-year (y-o-y) jump in net profit for the first quarter ended June 30, despite a lower net income from its insurance business and higher total operating expenses.
Ambank records 12.62% higher Q1 net profit of RM391.46m
KUALA LUMPUR: AMMB Holdings Bhd closed its first financial quarter ended June 30 with a 12.62% year-on-year (y-o-y) jump in net profit to RM391.46mil on the back of higher trading and insurance income.
AmBank achieves many Top 4 growth objectives
KUALA LUMPUR: With AMMB Holdings Bhd (AmBank Group) set to complete its “Top 4 strategy” in eight months’ time, many of its aspirations under the four-year plan have been achieved, according to group CEO Datuk Sulaiman Mohd Tahir.
AmBank not expecting more interest rate cuts
KUALA LUMPUR: Financial services provider AmBank Group does not expect anymore interest rate cuts if the economic climate continues to improve.
SMEs to remain main driver of AmBank’s earnings
KUALA LUMPUR: Small medium enterprises (SMEs) will remain the main driver for the AmBank Group as it aims to increase the contribution from the segment to between 30% and 40% over the next three years.
Banks' lending activity remains robust
PETALING JAYA: Banks are not restricting lending activities amid concerns that lenders have been reluctant or stringent in their financing.
100 kids treated to Raya shopping, buka puasa
A HUNDRED underprivileged children from SK Batu Sembilan in Cheras were treated to a shopping trip and buka puasa session by AmBank Group through its sports club, Kelab AmBank Group (KAG).
AmBank targets to maintain loan growth rate and reduce costs
KUALA LUMPUR: AMMB Holdings Bhd or the AmBank Group is targeting to maintain its loan growth of 6% for financial year 2020 (FY20) if the country’s GDP hovers around 4.5%.