AMMB Holdings (AMBANK) Q3 2026 earnings summary

Executive summary

• PATMI increased 6.3% year-over-year to RM1.58 billion for 9MFY26, with annualized ROE at 10.1% and ROA at 1.06%.

• Total income rose 6% to RM3.86 billion, driven by 4.4% NII growth and 10% non-interest income growth, with NIM expanding to 1.98%.

• Gross loans grew 4.1% year-over-year to RM142.7 billion, led by Wholesale and Business Banking, while customer deposits increased 3.8% to RM143.7 billion.

• Net credit cost normalized at 24bps, with RM484 million overlays retained and RM51 million retail debt sale recoveries.

• Cost-to-income ratio improved to 44.3% year-over-year.

Financial highlights

• Net interest income rose 4.4% year-over-year, supported by a 4bps NIM expansion to 1.98% and loans growth.

• Non-interest income increased 10% year-over-year, mainly from higher trading gains and insurance income, partially offset by lower fee income.

• Expenses grew 6% year-over-year, mainly from higher personnel costs and technology investments, but CTI improved to 44.3%.

• Net impairment charges rose to RM109.1 million, mainly due to higher SME overlay provisions, partially offset by recoveries and writebacks.

• Gross impaired loans ratio increased to 1.76%, with loan loss coverage at 100.3%.

Outlook and guidance

• Malaysia GDP growth forecasted at 4.2%–4.7% for CY2026, with inflation at 1.5%–2.0% and unemployment at 3.0%.

• Banking sector loans expected to grow 4.5%–5.5% in 2026, with stable asset quality and resilient liquidity/capital positions.

• Management remains focused on delivering another consistent quarter to close FY2026 strongly, despite external volatilities and geopolitical uncertainties.

• The domestic economy is described as resilient and expanding, with active risk management and ongoing progress toward financial goals.

• OPR set at 2.75%, with USD/MYR expected between 3.94 and 4.03.