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Company type | Public limited company |
---|---|
AMBANK 1015 | |
ISIN | MYL1015OO006 |
Industry | Banking and Finance |
Founded | 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 |
Products | Banking and Finance Services |
Revenue | RM9.324 Billion (Fiscal Year Ended 31 March 2020)[1] |
Total assets | |
Total equity | |
Number of employees | 10,842 (2016) |
Parent | Amcorp Group Berhad |
Rating | A3 |
Website | www |
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]
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]