Latest news with #JamieLing
The Star
27-05-2025
- Business
- The Star
AmBank posts higher RM2bil net profit for FY25
PETALING JAYA: AMMB Holdings Bhd (AmBank) has closed its first financial year since the rollout of its Winning Together (WT29) strategy, marked by growth in both interest and fee income. The financial group posted a net profit of RM513.93mil for the final quarter ended March 31, 2025 (4Q25), up from RM476.54mil in the year-ago quarter. Revenue rose to RM1.28bil from RM1.17bil in 4Q24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. The final-quarter result brought the full-year net profit to RM2bil and revenue to RM4.93bil, compared with RM1.87bil and RM4.65bil in financial year 2024 (FY24). The group declared a final dividend of 19.9 sen per share for shareholders on the Record of Depositors as of June 19, 2025, payable on July 8, 2025. This brought AmBank's total dividend payout for FY25 to 30.2 sen per share, up from 22.6 sen in FY24. Commenting on the group's improved performance, AmBank CEO Jamie Ling said its capital position remained solid, with total cash dividend rising to RM1bil. 'This reflects our confidence as we continue to build our businesses from a position of strength,' he said in a statement. In the year under review, AmBank reported a net interest income (NII) of RM3.57bil, marking an 8% year-on-year (y-o-y) increase. This was mainly owing to a 15-basis-point (bps) expansion in net interest margin to 1.94% as well as loans and financing growth of 3.5% y-o-y. Non-interest income grew 1.3% y-o-y to RM1.36bil due to higher fee income, which was partially offset by lower trading gains from group treasury and markets. The group's overall expenses in FY25 rose 7.1% y-o-y to RM2.2bil due to higher personnel and computerisation costs. The cost-to-income ratio stood at 44.6%, up from RM44.2% in FY24. On the balance sheet, total loans, advances and financing grew 3.5% y-o-y to RM138.9bil, while total customer deposits fell 0.6% y-o-y to RM141.5bil. Time deposits grew 1% y-o-y to RM90.5bil, while current account savings account (Casa) balances decreased 3.3% y-o-y to RM51bil, resulting in a lower Casa mix of 36%.
New Straits Times
26-05-2025
- Business
- New Straits Times
AmBank posts 7.1pct higher net profit to RM2.0bil for FY25, paying 30.2 sen dividend
KUALA LUMPUR: AMMB Holdings Bhd (AmBank Group) closed its financial year ended March 31 2025 (FY25) with a 7.1 per cent net profit growth year-on-year to RM2.0 billion from RM1.87 billion previously. This was on the back of a higher net income of RM4.93 billion from RM4.65 billion in FY24, said AmBank Group in a statement today. The group posted a net profit of RM513.93 million in the final quarter, up from RM476.54 million a year ago. Its revenue during the fourth quarter (Q4) rose to RM1.28 billion from RM1.17 billion in Q4FY24, while earnings per share climbed to 15.55 sen from 14.41 sen previously. AmBank Group chief executive officer Jamie Ling said: "We are pleased to report a strong close to the first year of our WT29 strategy. "With our capital position solid, we increased our total cash dividend to RM1.0 billion. This reflects our confidence as we continue to build our businesses from a position of strength," he added. The group proposed a final dividend of 19.9 sen per share for the fourth quarter (Q4) of FY25. Together with the interim dividend of 10.3 sen per share declared in Q2, total dividends for FY25 amounted to 30.2 sen per share, up 34 per cent YoY with a dividend payout ratio of 50 per cent AmBank's net interest income grew 8.0 per cent YoY to RM3.57 billion, with a 15-basis point expansion in net interest margin to 1.94 per cent. Its non-interest income grew 1.3 per cent YoY to RM1.36 billion with continuing operations income up 5.3 per cent YoY. AmBank said a broad-based growth in fee income was achieved across business banking, retail wealth management, funds, stockbroking, private banking and equity capital markets and from insurance. This was partially offset by lower trading gains from group treasury and markets. The group's total gross loans, advances and financing grew 3.5 per cent YoY to RM138.9 billion (FY24: RM134.1 billion) mainly driven by business banking (up RM5.4 billion or 12.4 per cent YoY) and wholesale banking (up RM1.3 billion or 6.8 per cent YoY). This was partially offset by lower loans growth in retail banking (down RM1.4 billion or 2.1 per cent YoY). Its total customer deposits fell 0.6 per cent YoY to RM141.5 billion, while total expenses increased 7.1 per cent YoY to RM2.2 billion, with cost-to-income ratio of 44.6 per cent. The group's net impairment charges dropped to RM143.9 million (FY24: RM769.7 million), on the back of improved expected credit loss calculations for loans classified as Stage 3 (or ECL S3) flow rates and writeback of forward-looking provision. In the corresponding period in FY24, forward looking charges as well as a one-off credit impairment overlay and intangible assets impairment charges were recorded. That year, the group recorded a one-off charge of RM520.2 million (RM402.5 million, net of corporate tax) comprising additional credit impairment overlay of RM328.2 million, impairment of intangible assets of RM111.9 million and RM80.0 million for restructuring expenses. On its prospects, Ling said the geopolitical tensions have heightened following the US reciprocal tariffs. This has caused significant volatilities in the financial markets globally. While trade negotiations are ongoing between the US and other nations, it remains uncertain how quickly these negotiations can be concluded, he added. "Coupled with new conflicts emerging in South Asia, these combined uncertainties will inevitably impact business and consumer confidence, translating into potentially slower economic growth. "Against this economic backdrop, the group will continue to proactively manage our risk profiles and capitalise on the opportunities we see," Ling said.
The Star
12-05-2025
- Business
- The Star
LAT'S ART LIGHTS UP LEGACY
(From left) AmBank Group chief executive officer Jamie Ling, chairman Tan Sri Md Nor Yusof, Lat and Azman sharing a light moment in front of the newly refreshed Bangunan AmBank Group facade. IN conjunction with its 50th Anniversary celebration, AmBank Group has revealed a refreshed building facade at its corporate headquarters, Bangunan AmBank Group, now displaying a vibrant LED illustration of the bank's mascot – the camel. It now features Datuk Lat's (whose full name is Mohammad Nor Khalid) largest illustration. This striking visual tribute marks the continuation of a historical collaboration between AmBank and Lat, whose whimsical camel illustrations have been synonymous with the bank's identity over the decades. AmBank Group chairman emeritus and honorary adviser Tan Sri Azman Hashim said, 'Seeing Lat's revamped camel light up on the glass facade of our headquarters brings back so many cherished memories. 'The building has borne witness to the bank's growth over the years, defined by its perseverance, innovation and dedication to excellence. 'As we celebrate our golden jubilee, I'm filled with gratitude for the bank's incredible transformation into one of Malaysia's leading financial institutions.' The newly refreshed facade of Bangunan AmBank Group now features a vibrant LED display of the bank's camel mascot. The newly refreshed facade of Bangunan AmBank Group now features a vibrant LED display of the bank's camel mascot. The newly refreshed facade of Bangunan AmBank Group now features a vibrant LED display of the bank's camel mascot. Bangunan AmBank Group is located at Jalan Raja Chulan and stands tall at 26 storeys high. The trapezoidal-shaped tower was officially launched by former prime minister Tun Dr Mahathir Mohamad in 1987. With an elegance of its own, the tower sits at the bustling junction connecting Jalan Raja Chulan and Jalan P. Ramlee, affording an uninterrupted vista of its glass facade. Historically, Lat was commissioned to produce illustrations for AmBank's product advertisements from 1984 to 1991. The artworks pay homage to the various personalities of the group and events occurring during the time the bank was known as Arab-Malaysian in a light-hearted manner. Retold with AmBank's 50th Anniversary theme 'Malaysia Kita' in mind, brand new collaborative illustrations have been produced, encapsulating the values of unity, togetherness and diversity. These will be published in the coming weeks for Malaysians to enjoy and cherish. Stay tuned as AmBank continues its 50th Anniversary festivities, bringing initiatives that embrace the true spirit of 'Malaysia Kita'.
