KUALA LUMPUR, Aug 22 (Bernama) — AMMB Holdings Berhad (AmBank Group or the Group) today announced its financial results for the first quarter ended 30 June 2019 (Q1FY20).
Summary of Q1FY20 Results[1]
• Total income up 5.0% to RM1,064.6 million, underpinned by consistent net interest income (NII) growth of 4.2%, coupled with higher trading and insurance income
• Expenses were well contained at RM528.6 million, up 3.1%. Cost-to-income (CTI) ratio improved further to 49.7% from 50.6% a year ago, again delivering a positive JAWS
• Profit before provision (PBP) increased by 7.0% to RM536.0 million