AmBank

Not to be confused with AM Bank, a Lebanese bank.

AmBank Group Berhad
Company typePublic limited company
AMBANK 1015
ISINMYL1015OO006
IndustryBanking and Finance
Founded1975; 49 years ago (1975)
FounderHussain Najadi
HeadquartersKuala 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
RevenueIncrease RM9.324 Billion (Fiscal Year Ended 31 March 2020)[1]
  • Increase RM 2.69 billion(2023)
  • RM 2.57 billion(2022)
  • Increase RM 1.74 billion(2023)
  • RM 1.502 billion(2022)
Total assets
  • Increase RM197.54 billion(2023)
  • RM 174.86 billion(2022)
Total equity
  • Increase RM18.135 billion(2023)
  • RM 16.76 billion(2022)
Number of employees
10,842 (2016)
ParentAmcorp Group Berhad
RatingA3
Websitewww.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]

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]

  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.