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Lower revenue, net impairment drags down results
KUALA LUMPUR: AMMB Holdings Bhd posted lower net profit of RM263.82mil in the third quarter ended Dec 31,2020 and RM866.31mil in the nine-month period due to allowance for impairments on loans, advances and financing.
KUALA LUMPUR: AmBank Group has partnered Merchantrade Asia Sdn Bhd in a hybrid e-wallet venture as part of the banking group’s fintech driven initiatives.
KUALA LUMPUR: AmBank Group and Sabah Development Bank Bhd (SDB) are rolling out RM100mil worth of financing for small and medium enterprises (SMEs) in Sabah in the first quarter of this year.
KUALA LUMPUR: AmBank Group is prepared to offer flood relief moratorium of up to six months to its customers who are affected by the floods.
Lender delivers resilient results despite pandemic
KUALA LUMPUR: AMMB posted higher underlying net profit of RM791.9mil in the first half ended Sept 30,2020 -- which was an increase of 11.4% from a year ago – excluding its adjustment for modification loss and higher macro provisions due to the Covid-19 pandemic.
PETALING JAYA: AmBank Group has tied up Maxis Bhd to introduce a secure contactless payment solution, mTAP via Payments Network Malaysia Sdn Bhd (PayNet), that uses a mobile device as a payment acceptance terminal to process debit and credit card transactions.