AMMB Holdings Berhad
Shortname: AMBANK
Stock Code: 1015
Market Capitalization: RM16.6 billion (as at 18/6/25)
AMMB Holdings Berhad is Malaysia’s sixth largest banking group with total assets of RM199 billion as at 31/3/25. Its history can be traced back to 5 August 1975 on which Arab-Malaysian Development Bank Berhad (AMDB) was incorporated as a joint venture between Malaysian Industrial Development Finance Berhad with 55.0% , Arab Investments for Asia (Kuwait) with 33.0% and National Commercial Bank (Saudi Arabia) with 12.0%.
In 1977, AMDB acquired a 70.0% shareholding in Malaysian Industrial Finance Company Limited, which was later renamed Arab-Malaysian Finance Berhad (AMFB). In 1982 Tan Sri Azman Hashim acquired AMDB which in turn acquired the remaining 30% shareholding of AMFB it did not own. AMDB was renamed Arab-Malaysian Merchant Bank Berhad and became the first merchant bank to be listed on the Kuala Lumpur Stock Exchange on 1988.
| YE 31-Mar | 2021 | 2022 | 2023 | 2024 |
| Profit Before Tax (RM mil) | -3,484 | 1,805 | 2,255 | 1,694 |
| Net Profit After Tax (RM mil) | -3,712 | 1,503 | 1,735 | 1,868 |
| EPS (RM) | -1.2722 | 0.4554 | 0.5241 | 0.5649 |
| DPS (RM) | 0 | 0.05 | 0.183 | 0.226 |
| Net Loans (RM mil) | 112,478 | 118,066 | 128,243 | 132,102 |
| Customer Deposits (RM mil) | 120,543 | 122,593 | 130,315 | 142,381 |
| Shareholders Funds (RM mil) | 14,641 | 16,760 | 18,135 | 19,441 |
| No of Shares (millions) | 3,014 | 3,314 | 3,314 | 3,314 |
| Share Price – High | 3.79 | 3.62 | 4.25 | 4.45 |
| Share Price – Low | 2.63 | 2.80 | 3.54 | 3.44 |
| Share Price – Close | 2.93 | 3.71 | 3.75 | 4.19 |
As part of industry consolidation following the Asian Financial Crisis of 1998, the group acquired MBf Finance Berhad in 2001 and became one of the “Anchor Banks” in Malaysia. The group was commonly referred to as AMMB until it rebranded itself as ‘AmBank Group’ in 2002. In a major milestone, Ambank Group welcomed Australia and New Zealand Banking Group Limited (ANZ Bank) as a strategic partner and major investor in 2007. ANZ Bank had built up a stake of nearly 25% before fully exiting in 2024.
KEY STRENGTHS
While Ambank Group had established its reknown and strengths as a Merchant Bank previously, it has since evolved to be a formidable force in the Business Banking Sector. For the Financial Year ending 31/3/24, its Business Banking division generated RM698 million in Profit Before Tax, making it the most profitable business within the group, having grown from just RM164 million in PBT five years before that.