AmBank (Malaysia)

Overview

AmBank (Malaysia) is Malaysian commercial bank + KLSE: 1015 + Azman Hashim Malaysian founder family ~13%+ controlling minority + Australia and New Zealand Banking Group ANZ ASX: ANZ ~13%+ controlling minority + Employees Provident Fund EPF Malaysian state-aligned pension + Malaysian retail + institutional + foreign investors free float + one of Malaysia's largest commercial banks by assets + founded Aug 1 1975 in Kuala Lumpur Malaysia as Arab-Malaysian Development Bank then 1991 Arab-Malaysian Banking Group + 2005 AmBank rebrand [1, my-cro].

History

Aug 1 1975 — Arab-Malaysian Development Bank founded in Kuala Lumpur Malaysia as Malaysian-Arab joint commercial bank.

1991 — Arab-Malaysian Banking Group rebrand.

2005 — AmBank rebrand consolidating Arab-Malaysian Banking Group.

May 2007 — ANZ acquires ~13%+ controlling minority stake in AmBank.

2014 — AmOnline Mobile banking app launch.

Ownership & operator

Operating entity: AmBank Berhad (Malaysian commercial bank; KLSE: 1015).

Major shareholders: Azman Hashim (Malaysian founder family) ~13%+ controlling minority + Australia and New Zealand Banking Group ANZ (ASX: ANZ) ~13%+ controlling minority + Employees Provident Fund EPF (Malaysian state-aligned pension) + Malaysian retail + institutional + foreign investors free float.

Regulators: Bank Negara Malaysia BNM.

Technical integration

AmOnline Mobile app (iOS + Android) + ambankgroup.com online + AmBank branch network across Malaysia + AmBank Visa + Mastercard + American Express + UnionPay cards; DuitNow QR (Malaysian national QR payment scheme) + UnionPay QRC + Malaysian Ringgit MYR domestic transfers.

Implementations & partners

Major Malaysian banking + payments competitors: [[maybank-malaysia]] (Maybank; KLSE: 1155) + [[cimb-bank]] (CIMB Bank; KLSE: 1023) + [[public-bank]] (Public Bank Berhad; KLSE: 1295) + [[hong-leong-bank]] (Hong Leong Bank; KLSE: 5819) + [[rhb-bank]] (RHB Bank; KLSE: 1066) + duitnow-qr (DuitNow QR; Malaysian national QR payment scheme).

Regulators: Bank Negara Malaysia BNM.

Status

Active, Malaysian commercial bank + KLSE:1015 + Azman Hashim Malaysian founder family ~13%+ controlling minority + Australia and New Zealand Banking Group ANZ ASX:ANZ ~13%+ controlling minority + Employees Provident Fund EPF Malaysian state-aligned pension + Malaysian retail + institutional + foreign investors free float + one of Malaysia's largest commercial banks by assets + founded Aug 1 1975 in Kuala Lumpur Malaysia as Arab-Malaysian Development Bank then 1991 Arab-Malaysian Banking Group + 2005 AmBank rebrand [1, 2].

Sources

• 1 AmBank — official
• 2 AmBank — Wikipedia
• my-cro In-corpus: reports/countries/MY-malaysia.md

Source

Biography extracted from ambank-malaysia.md. See matrix.md for standards-support matrix if present.