AmBank

AMMB Holdings Berhad (AmBank)
AM銀行
Public company
Industry Banking and Finance
Founded 1975
Founder Hussain Najadi
Headquarters Kuala Lumpur, Malaysia
Area served
Personal banking services in Malaysia
Key people
Azman Hashim (Executive Chairman), Dato' Sulaiman Mohd Tahir (Group CEO)
Products Banking and Finance Services
Revenue RM4.74 billion (2013)
Total assets RM119 billion
Website www.ambankgroup.com

AMMB Holdings Berhad or also known as AmBank (MYX: 1015) is a financial services group in Malaysia whose core businesses are retail banking, wholesale banking, islamic banking, and life and general insurance.[1]

The group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmIslamic Bank, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 179 branches and 884 ATM machines in Malaysia (as stated in its Annual Report 2014).[2]

AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Merchant Banking pioneer, Hussain Najadi via his holding company AIAK[3] (Arab Investments for Asia Kuwait). He brought the bank public via the Kuala Lumpur Stock Exchange (KLSE) in 1981.

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 an interest of 23.78% as at 30 June 2014.[2] 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.

History

1976

1977

1980

1982

1983

1984

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

2000

Recent

2001

2002

2003

2005

2006

2007

2008

Bank Berhad on 12 April 2008 as part of AMMB's internal corporate restructuring post the AIGB privatisation.

2009

2013

See also

References

  1. "AMMB Holdings Berhad official website - Investor Relations section". ambankgroup.com. Retrieved 21 September 2014.
  2. 1 2 AMMB Holdings Berhad "Annual Report 2014", p26-27
  3. "Najadi & Partners - The Merchant Banking & Strategic Advisory Firm". najadi.ru.
  4. Liau Y-Sing (21 August 2008). "Malaysian bank launches Islamic stockbroking". Reuters.
  5. Ambank opens newest subsidiary in Brunei, The Edge Malaysia, retrieved 25 July 2012

External links

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