AMMB Holdings (MYX: 1015) (which trades as AmBank Group) is currently the sixth 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.

AmBank Group comprises AMMB Holdings Berhad and its subsidiaries AmInvestment Group Berhad, AmBank (M) Berhad, and AmAssurance Berhad. The Group provides a wide range of investment banking, commercial banking, retail financing and related financial services, which also include Islamic banking, underwriting of general and life insurance, stock, share and futures broking, investment advisory as well as asset, property and unit trust management.

AmBank Group’s core philosophy incorporates a deep-seated commitment to the satisfaction of its wide range of customers, with numerous customer-driven initiatives woven into all forms of communication and interaction with all customer groups. The Group is committed to providing new and innovative products and services to its customers with its partnership with Australia and New Zealand Banking Group (ANZ), one of Australia’s leading banks.

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