Economic recovery to support AMMB growth

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

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The Star 3 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.