{"id":9919,"date":"2019-02-21T18:41:48","date_gmt":"2019-02-21T10:41:48","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=9919"},"modified":"2019-02-21T18:50:21","modified_gmt":"2019-02-21T10:50:21","slug":"ambank-group-nine-month-net-profit-grew-19-to-rm1-05-billion","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=9919","title":{"rendered":"AmBank Group nine-month net profit grew 19% to RM1.05 billion"},"content":{"rendered":"\n<p><strong>KUALA LUMPUR, Feb 21 (Bernama) &#8212;&nbsp;<\/strong>AMMB Holdings Berhad (AmBank Group or the Group) today announced the financial results for the nine months ended 31 December 2018 (9MFY19).&nbsp;<\/p>\n\n\n\n<p><strong>Summary of 9MFY19 Results<sup>1&nbsp;<\/sup><\/strong><\/p>\n\n\n\n<p>\u2022 Income grew 2.0% to RM2,967.8 million underpinned by a 5.9% increase in net interest income (NII). Net interest margin (NIM) at 1.93%&nbsp;<br>\u2022 Expenses reduced by 9.5% to RM1,530.9 million, driven by business efficiency initiatives. Cost-to-income (CTI) ratio improved to 51.6% from 58.2% a year ago&nbsp;<br>\u2022 Profit before provision (PBP) increased by 18.2% to RM1,436.9 million&nbsp;<br>\u2022 Net recovery of RM33.4 million (9MFY18: net impairment charge of RM32.9 million)&nbsp;<br>\u2022 Consequently, net profit after tax and minority interests (PATMI) grew 19.0% to RM1,045.6 million&nbsp;<br>\u2022 Return on equity (ROE) improved to 8.2%<sup>2<\/sup>&nbsp;(FY18: 7.0%), with return on assets (ROA) of 0.95%<sup>2<\/sup>&nbsp;(FY18: 0.83%) and basic earnings per share (EPS) of 34.75 sen (9MFY18: 29.22 sen)&nbsp;<br>\u2022 Gross loans and financing grew 4.2% YTD to RM100.4 billion. Customer deposits of RM106.8 billion, up 11.4% YTD&nbsp;<br>\u2022 Lower gross impaired loans (GIL) ratio of 1.62% (FY18: 1.70%), loan loss cover<sup>3<\/sup>(LLC) ratio higher at 116.8% (FY18: 100.5%)&nbsp;<br>\u2022 Financial Holding Company (FHC) Common Equity Tier 1 (CET1) capital ratio of 12.0% (FY18: 11.1%), FHC Total Capital ratio of 15.7% (FY18: 13.6%)&nbsp;\n\n<\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=33844\">http:\/\/mrem.bernama.com\/viewsm.php?idm=33844<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, Feb 21 (Bernama) &#8212;&nbsp;AMMB Holdings Berhad (AmBank Group or the Group) today announced the financial results for the nine months ended 31 December 2018 (9MFY19).&nbsp; Summary of 9MFY19 Results1&nbsp; \u2022 Income grew 2.0% to RM2,967.8 million underpinned by a 5.9% increase in net interest income (NII). Net interest margin (NIM) at 1.93%&nbsp;\u2022 Expenses [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/9919"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9919"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/9919\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9919"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}