AMMB Holdings is the subsidiary company under the AmBank Group. Being one of the largest banks in Malaysia means that it offers a full range of banking services to all sectors.
Within the group, there are several companies that are used to offer its services which include:
- AmInvest Bank
- AmBank Islamic
- AmGeneral Insurance
Services and background
AMMB trades in Bursa Malaysia under the AMBANK 1015 counter. It is among the top public listed companies in Malaysia that offer services such as:
- Wholesale banking
- Retail banking
- Islamic Banking
To date, AMMB operates its business across the country. Started in 1975, it was then known as Arab-Malaysian Development Bank before it expanded and merged with other banks. The group’s chairman is Tan Sri Azman Hashim where this counter has constantly been among the better-performing ones in recent years. Australia’s ANZ Group is the single largest shareholder in the company thereby giving it the stability it among investors. ANZ Group holds about 23.8% of shares in AMMB.
Among the many banks in Malaysia, Ambank has one of the largest networks. However, it is not as renowned as other more established ones like Maybank. The banking sector in Malaysia has gone through various changes over the years involving mergers and acquisitions and Ambank group has often been at the forefront of them.