AmBank to approve RM6.8bil to SMEs

8 Apr 2019 - The Star Online
KUALA LUMPUR: Ambank Group expects to approve RM6.8bil worth of loans to 2,350 small medium enterprises (SMEs) this year, underpinned by its established channels, products and segments. Group CEO Datuk Sulaiman Mohd Tahir projection said the growth projection is higher than the industry average.
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Moody’s upgrades AmBank to A3; outlook stable

2 Apr 2019 - The Star Online
PETALING JAYA: Moody’s Investors Service has upgraded AmBank (M) Bhd’s foreign-currency senior unsecured debt and long-term foreign-currency deposit rating to A3 from Baa1. The rating agency has upgraded AmBank’s Baseline Credit Assessment (BCA) and adjusted BCA to baa2 from baa3. Moody’s has also affirmed ...
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CIMB Research retains Hold for AMMB, TP RM4.39

22 Feb 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is maintaining its FY19-21F EPS forecasts and dividend discount model-based target price of RM4.39 for AMMB Holdings Bhd . It said on Friday it also retained its Hold call on AMMB as it was concerned about the expected upturn in credit-cost cycle, starting from 4QFY19F.
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AMMB Q3 net profit jumps nearly 60% to RM349.8m

21 Feb 2019 - The Star Online
KUALA LUMPUR: AMMB Holdings Bhd 's earnings climbed by 59.7% to RM349.87mil in the third quarter ended Dec 31, 2019 from a year ago, boosted by higher lending volume, lower cost base and increase in recoveries. The banking group announced on Thursday the net profit a year ago was RM218.97mil. Its revenue ...
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RAM Consultancy assigns silver rating to AmBank Group

15 Feb 2019 - The Star Online
KUALA LUMPUR: RAM Consultancy Services Sdn Bhd (RAMC), a provider of sustainability services and environment, social and governance (ESG) analytics, has assigned a Silver Sustainability Rating to AMMB Holdings Bhd (AmBank Group). It said on Friday the rating reflected the group’s moderate overall sustainability ...
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AmBank Group wins ‘Best SME Bank award’

12 Feb 2019 - The Star Online
KUALA LUMPUR: AmBank Group has been named the Best SME Bank award for Malaysia by UK-based financial portal and print magazine-based Global Banking & Finance Review. Commenting on the award win, AmBank Group CEO Datuk Sulaiman Mohd Tahir said: “We are very honoured to receive this award for the very ...
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AmResearch sees Bank Negara keeping OPR unchanged

24 Jan 2019 - The Star Online
KUALA LUMPUR: Bank Negara Malaysia is expected to keep the overnight policy rate (OPR) at 3.25% in Thursday's monetary policy committee meeting, says AmBank Research. However, the research house believes there is room for a 25 basis points to 50bps cut in the OPR, going forward.
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CIMB Research positive on AMMB sale of very old NPLs

8 Jan 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research is positive on AMMB Holdings Bhd ’s proposed sale of its non-performing loans (NPLs) as the move would enable it to rechannel some of its resources to focus on growing new businesses. It said on Tuesday AMMB hosted a conference call for its proposed NPL sale which ...
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Core earnings in bank sector expected to grow 4.6%, says Ambank Investment

8 Jan 2019 - The Star Online
KUALA LUMPUR: Core earnings in the banking sector is expected to grow by 4.6% in 2019 underpinned by modest growth of 3.6% and supported by higher net interest income from loan expansion. In its sector update, Ambank Investment research said loans for the Malaysian banking industry is expected to grow ...
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AMMB's NPL disposal to have positive growth effects

4 Jan 2019 - The Star Online
KUALA LUMPUR: AMMB Holdings Bhd 's proposed disposal of RM553.9mil in non-performing loans (NPL) and financing will have a positive impact on the group upon completion of the transaction in March 2019. In a research note issued today, PublicInvest research said the cash infusion into the group for working ...
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