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AmBank presses on

Group will reassess position in second half of FY22 ....

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The economics of transition

WHENEVER new governments come into power, there is always the risk of an immediate impact to the economy, as new policies get implemented and old ones are dismantled. ....

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Představte si, že ležíte v houpací síti, na mobilu brouzdáte internetem a najednou vás zaujmou elegantní hodinky. Chcete si je koupit, jenže po přesměrování do platební brány vám dojde, že si nepamatujete údaje o kartě. Půjdete ji hledat? S mBank vstávat nemusíte. ....

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AmBank extends financial support for affected borrowers

(AmBank) has stepped up its ongoing efforts in providing relief to customers, both individuals and SMEs who are affected by the movement control order (MCO).
In a statement, AmBank said its efforts were in line with the Government’s targeted repayment assistance initiative, which was announced under the Pemerkasa Plus financial aid package.
Group chief executive officer Datuk Sulaiman Mohd Tahir said AmBank would continue to assist customers through the repayment assistance packages and the rescheduling and restructuring plans that meet their respective needs.
“To this end, as at March 31, we have extended approximately RM15.2bil in repayment assistance for loans and financing for all customer segments and have approved close to 100% of these applications. We aim to extend this service further, up to Dec 31 and are also conscious of the need to review the potential of granting further extensions, if need be, in light of MCO 3.0,” he said. ....

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AMMB considered impact of RM2.83bil payment to govt

(AmBank) had considered the impact of the RM2.83bil payment it has to make to the government “very seriously” and says it will “redouble” its efforts to ensure it returns to profitability within its targeted timeframe.
Group CEO Datuk Sulaiman Mohd Tahir said the banking group had taken into consideration the consequences of the global settlement on all stakeholders, including the man-on-the-street and that “any kind of protracted delay on this settlement would certainly impact business.”
“This matter is now behind us, ” he said, adding that the focus was now to bounce back in the financial year ending March 31,2022 (FY22) and beyond. ....

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