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AmBank

AmBank
Company nameAMMB Holdings Berhad (AmBank)
AM銀行
Company typePublic
IndustryBanking and Finance
Founded1975
Founder(s)Hussain Najadi
HeadquartersKuala Lumpur, Malaysia
Area servedPersonal banking services in Malaysia
Key peopleTan Sri Azman Hashim, Executive Chairman
ProductsBanking and Finance Services

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AMMB Holdings (Myx - 1015) (which trades as AmBank Group) is currently the fifth largest banking group in Malaysia, with more than 200 branches and their outlets (including subsidiaries and associates), providing individuals and businesses with a range of financial services and products.

AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Merchant Banking pioneer, Hussain Najadi via his Holding company AIAK (Arab Investments for Asia Kuwait). He brought the bank public via the Kuala Lumpur Stock Exchange (KLSE) in 1981.

Tan Sri Azman Hashim, the chairman, controls about one-third of AMMB Holdings. In 2006, Amcorp's interest in AMMB was reduced to 18.8% from 32.9% after the Tan Sri Azman sold 300 million shares to ANZ Group.


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