AmBank

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AmBank Group Berhad
Company type Public limited company
AMBANK 1015
ISIN MYL1015OO006
IndustryBanking and Finance
Founded1975;49 years ago (1975)
Founder Hussain Najadi
Headquarters Kuala Lumpur, Malaysia
Number of locations
Malaysia - 175 branches
Area served
Personal banking services in Malaysia
Key people
Voon Seng Chuan, Chairman
Jamie Ling Fou-Tsong, CEO
ProductsBanking and Finance Services
RevenueIncrease2.svg RM9.324 Billion (Fiscal Year Ended 31 March 2020) [1]
  • Increase2.svg RM 2.69 billion(2023)
  • RM 2.57 billion(2022)
  • Increase2.svg RM 1.74 billion(2023)
  • RM 1.502 billion(2022)
Total assets
  • Increase2.svg RM197.54 billion(2023)
  • RM 174.86 billion(2022)
Total equity
  • Increase2.svg RM18.135 billion(2023)
  • RM 16.76 billion(2022)
Number of employees
10,842 (2016)
Parent Amcorp Group Berhad
RatingA3
Website www.ambankgroup.com

AmBank Group comprises AMMB Holdings Berhad (AMBANK 1015) is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance. [2]

Contents

The Group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmBank Islamic, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 175 branches and 766 ATM machines in Malaysia (as stated on its website).

AmBank Group was founded in 1975 as Persian - Malaysian Development Bank by Hussain Najadi, the Founder.

Tan Sri Azman Hashim, the current group chairman, has an interest of 14.01% in AMMB Holdings as at 30 June 2014. The single largest shareholder in AMMB Holdings is Australia's ANZ Group with a stake of 23.78% as at 30 June 2014. [3] :369 In 2006, Amcorp's interest in AMMB was reduced to 18.8% from 32.9% after the Tan Sri Azman sold 300 million shares to ANZ Group.

Both domestically and abroad, it is known as the bank which was central to the 1MDB scandal, and its reputation has been tarnished as a result. [4]

History

1976

1977

1980

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

2000

Recent

2001

2002

2003

2005

2006

2007

2008

Bank Berhad on 12 April 2008 as part of AMMB's internal corporate restructuring post the AIGB privatisation.

2009

2013

2017

2018

2019

See also

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References

  1. "AmBank Group Berhad 2020 Annual Report" (PDF). AmBank. 31 March 2020. Retrieved 16 July 2021.
  2. "AMMB Holdings Berhad official website - Investor Relations section". ambankgroup.com. Archived from the original on 2 November 2014. Retrieved 21 September 2014.
  3. AMMB Holdings Berhad "Annual Report 2014"
  4. Idris, Ahmad Naqib (2 July 2021). "Govt receives first RM1.8b 1MDB payment from AmBank, says MoF". The Edge Markets. Retrieved 20 June 2022.
  5. Liau Y-Sing (21 August 2008). "Malaysian bank launches Islamic stockbroking". Reuters.
  6. Ambank opens newest subsidiary in Brunei, The Edge Malaysia, archived from the original on 3 February 2013, retrieved 25 July 2012
  7. AmBank, RHB get Bank Negara nod to proceed with merger talks
  8. RHB Bank, AmBank up as investors positive on merger, thestar.com.my
  9. Ambank Not Selling Off Its General Insurance Business: CEO Tahir
  10. AmBank Group and Malaysian Administrative Modernisation and Management Planning Unit (MAMPU) Honored as Red Hat Innovation Awards APAC 2018 Winners in Malaysia
  11. Ambank appoints new chairman, 31 December 2018