Ambank unveiled its Winning Together (WT29) strategy in June 2024
CEO Jamie Ling and his team unveiled that for the financial year ending March 31, 2025 it has set out three financial targets to be achieved by end of FY2029:
1) improve its dividend payout ratio to 50%-60% (from 40% in FY2024), placing it in the top quartile among peers;
2) lower its cost-to-income ratio to 40% from 44.2%; and
3) generate a Return on Assets of 1.1% (from 0.97%), translating into a Return on Equity (ROE) of 11% to 12%.
(Source: TheEdge)