Economic recovery to support AMMB growth

The Star LogoThe Star3 mo ago

Economic recovery to support AMMB growth - The Star

Quick Summary:

AMMB Holdings Bhd expects its growth momentum to be supported by the country’s economy that is well on its way to recovery.

However, AMMB also noted its expenses have remained flat y-o-y after adjusting for the reversal of excess bonus accruals from the previous year.

It noted that income was, however, offset by a RM181.3mil reduction in non-interest income due to the disposal of AmGeneral Holdings Bhd and lower fee income from the investment banking and wealth management segment.

More Pictures

Economic recovery to support AMMB growth - The Star (Picture 1)


Article Details

Category: Economy



Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 07:00:00 (3 months ago)

News Timezone: GMT +8:00

News Source URL:

Language: English

Article Length: 544 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 2069482

View Article Analysis

About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website:

Update Frequency: 33 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 56 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Economic recovery to support AMMB growth" has 544 words across 18 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Economic recovery to support AMMB growth" was covered 3 months ago by The Star, a news publisher based in Malaysia.

How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 33 news stories per day.

It's most recent story was published 56 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #2069482
  • URL:

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.