AmBank group CEO Datuk Sulaiman Mohd Tahir said loan growth is anticipated in both corporate and consumer loans due to pent-up demand. “The first hike could happen in July 2022 while the second one, possibly in September 2022,” Sulaiman said. On the performance of the AmBank group, its profit swung to the black for its financial year ended March 31, 2022 (FY22) with it registering a net profit of RM1.5bil as compared with a net loss of RM3.83bil in the previous year. In the fourth quarter, AmBank posted a net profit of RM391.75mil and revenue of RM1.12bil. In the light of the group’s performance, the board of directors proposed a final dividend of five sen per share for FY22.
