KUALA LUMPUR: AMMB Holdings Bhd's registered a 10.2% increase in its earnings to RM396.57mil for the second quarter ended Sept 30, 2012 from RM360.07mil a year ago, supported by higher net-interest income and lower allowances.
announced on Thursday revenue increased by 8.1% to RM2.045bil from
RM1.892bil. Earnings per share were 13.22 sen compared with 12.04 sen.
It declared an interim dividend of 7.0 sen per share.
first half, its earnings increased by 7.1% to RM845.15mil from
RM789.08mil. Revenue increased by 5.7% to RM4.047bil from RM3.826bil.
AMMB Holdings group managing director Ashok Ramamurthy said: "It was a sound and consistent performance for us in H1FY2013 and in line with expectations".
said net-interest income improved despite competitive pricing in
selected segments, supported by volume growth in loans and deposits.
lending grew 10.5%, the highest in six quarters, to RM80.1bil. This was
underpinned by faster than industry business and corporate loans growth
while we maintained focus on viable segments for retail loans growth.
disciplined focus on credit quality continues to deliver benefits with
lower charge offs and allowances in all segments," he said.
said the banking group continued to strengthen capital and funding to
support the group's growth plans and business expansion.