trending Market Intelligence /marketintelligence/en/news-insights/trending/wU0rt6VidLon40ts8yIsVA2 content esgSubNav
In This List

AMMB Holdings to record net gain of 229.9M ringgit from bad loan sale

Blog

Managed Services Insights: The client lifecycle management solution

Blog

Technology & Automation Insights: Elevating KYC and onboarding efficiency

Blog

Banking Essentials Newsletter: May 15th Edition

Blog

Data Insights: Enhancing regulatory compliance and client lifecycle management.


AMMB Holdings to record net gain of 229.9M ringgit from bad loan sale

Malaysia's AMMB Holdings Bhd. will record a net gain of about 229.9 million ringgit from the sale of bad loans by subsidiaries AmBank (M) Bhd. and AmBank Islamic Bhd.

AmBank (M) and AmBank Islamic previously sold 553.9 million ringgit of bad loans to two special-purpose subsidiaries of Aiqon Capital Group Sdn. Bhd. as part of their debt recovery strategy.

The net gain from the proposed disposal is expected to enhance the EPS and net asset per share of AMMB Holdings by 7.6 sen.

As of March 18, US$1 was equivalent to 4.08 Malaysian ringgit.