AmBank targets loan growth in line with industry, aims FY26 net profit to exceed RM2bil
Group chief executive officer Jamie Ling said the bank's focus will remain on higher-return portfolios.
"Business banking loans grew 12 per cent last year (financial year 2025 ended March 31, 2025), wholesale banking expanded 7 per cent, while retail declined by 2 per cent as we prioritised quality and returns over market share,' he said at a media briefing after the group's 34th annual general meeting here today.
He said the group is also aiming to surpass last year's record net profit of RM2 billion.
"In the first quarter of the current financial year (1Q FY2026), we posted RM516 million in net profit, keeping the group on track despite softer investor sentiment and market uncertainties.
"We want to beat last year's record. That is the ambition,' Ling said, noting that volatility in trading and opportunities in wholesale and business lending could help sustain momentum.
He said volatility signals uncertainty, but for a bank's market division, it can boost revenue streams, especially when coupled with solid demand for business and wholesale banking services. - Bernama
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