Impairments and write-offs dent AmBank’s 2Q net profit

Impairments and write-offs dent AmBank’s 2Q net profit

The Malaysian Reserve-News·2019-12-02 14:34

AMMB Holdings Bhd (AmBank) recorded a net profit of RM319.57 million for the second quarter ended Sept 30, 2019 (2Q20), from RM348.15 million recorded a year ago due to allowance impairments and other net write-offs.

The banking group registered an allowance for impairment on financial investments of RM42.99 million in the quarter compared to RM2.82 million write-back of allowance.

……

Read full article on The Malaysian Reserve-News

Finance Business