CREATING A

POSITIVE IMPACT

GROWING TRUST, Connecting PEOPLE

TAN SRI MD NOR BIN MD YUSOF

Chairman, AmBank Group

CHAIRMAN'S

MESSAGE

"It is with pleasure and pride to pen my first message as the Chairman of AmBank Group, a position which I assumed on 30 April 2022."

Group Chief Executive Officer’S

MESSAGE

The Group recorded a stronger financial performance for FY2022, with total income growing by 2.5% to RM4,665.0 million. Net Interest Income (NII) grew 11.6%, driven by both Net Interest Margin (NIM) expansion and broad-based loan growth. The Group’s expenses were lower by 1.8% to RM2,094.2 million. With a positive jaw of 4.3%, our cost-to-income (CTI) ratio improved to 44.9% from 46.8% a year ago.

DATO’ SULAIMAN MOHD TAHIR

Group Chief Executive Officer, AmBank Group

JAMIE LING

Group Chief Financial Officer, AmBank Group

PERFORMANCE REVIEW BY

Group Chief Financial Officer

The Group achieved yet another year of income growth, representing the third consecutive year of growth.

Overall income grew 2.5%, with net interest income (NII) growing strongly by 11.6% to RM3,275.2 million. This strong NII growth was driven by a 6.5% loans growth and net interest margin expansion to 2.05% (FY2021: 1.90%) as cost of funds improved.

NII improvement was largely offset by a decline of 14.1% in Non-Interest Income (NOII). Volatile market conditions adversely affected trading and investment income of Global Treasury Market (GTM) and Insurance partially offset by, Investment Banking fee income which grew 3.6% YoY as well as Corporate and Transaction Banking fee income which grew 28.7% YoY on the back of higher customer activities. 

Sustainability

REPORT

FINANCIAL

REPORT