Case Study: Ambank Company
1.0 INTRODUCTION AmBank was established on August 1975 by an Arab-Malaysian named Ahmad Najadi and the AmBank Group has been recognised as one of the largest banking group in Malaysia. The current Group chairman is Tan Sri Azman Hashim The AmBank Group compromises of the AMMB Holdings Berhad, which is a public listed company on the Main Board of Bursa Malaysia in 1981. The Ambank Group consists of AmBank Berhad, AmInvestment Bank Berhad, AmBank Islamic Berhad, and AmGeneral Insurance Berhad. AmBank Group is involved with two partnerships which are the AmMetLife and the AmMetLife Takaful with MetLife International Holdings, Inc. and MetLife as their partners. AmBank Group with employees up to 12,000 is currently serving the needs of more than …show more content…
AmBank had adopted a more prudent balance sheet management by growing its auto financing portfolio in a selective manner in order to solve the problem. With the challenging external environment facing AmBank plus the need to pay a penalty of RM49.7 million imposed by Bank Negara for breaches in respect of transaction occurred in previous financial years, had made AmBank to be part of the Group’s efforts to improve the Groups’s overall compliance programme. This had helped AmBank to continuously improve the quality of its asset portfolio and the implementation of its new strategies had resulted the Bank to achieve Profit after tax, zakat and minority interest (PATZMI) of RM282 million, an increase in PATZMI of approximately 20% compared to previous …show more content…
By having inflation, it will result in people to borrow more money to pay for the same amount of goods which will discourage borrower to borrow money. Although with this said, it is not expected to cause any major change into the price trends given the stable domestic demand condition. Another challenge by AmBank is that there is a risk of a potential disconnect between financial market and fundamentals on the global front remains. If this happens it can result in policy uncertainties and also market volatility. With this it could derail the projected moderate global recovery including Malaysia’s growth. Based on the Financial Sector Outlook, Malaysia’s financial condition are projected to be challenging. Deterioration of loan performance will occur but is not expected to be broad based Current volatile and uncertain
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