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BRIEF-AMMB posts qtrly net interest income of 394.7 million rgt
February 24, 2017 / 4:54 AM / 9 months ago

BRIEF-AMMB posts qtrly net interest income of 394.7 million rgt

Feb 24 (Reuters) - Ammb Holdings Bhd

* Qtrly net profit 313.17 million rgt

* Qtrly revenue 1.98 billion rgt

* Year ago qtrly net profit 300.2 million rgt, revenue 2.12 billion rgt

* Common equity tier 1 capital ratio after deducting proposed dividends as at 31 December 2016 10.667 pct

* Qtrly net interest income 394.7 million rgt versus 394.8 million rgt

* For FY ending March 2017 “for the banking system, margin compression is expected to continue due to deposit competition which will impact deposit rates ”

* “Retail bank’s strategic priorities will focus on mass affluent, affluent and sme proposition”

* "Anticipating our loans growth to be slightly below system as we remain cautious on our growth in preferred sectors" Source text (bit.ly/2kT2Gmj) Further company coverage:

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