H1FY2016 Results, Investor Presentation - AmBank · H1FY2016 Results –Investor Presentation-0.5%...

H1FY2016 Results,

Investor Presentation19 November 2015

Your Bank. Malaysia’s Bank. AmBank. H1FY2016 Results – Investor Presentation2

Our vision:

As Malaysia’s preferred diversified, internationally

connected financial solutions group, we take pride in

growing your future with us

1. Deliver on focused organic growth 2. Leverage strategic partnerships &

deliver on acquisitions

4. Build sustainability3. Continue to optimize efficiency

Our FY15-17 growth agenda:

Your Bank. Malaysia’s Bank. AmBank. H1FY2016 Results – Investor Presentation

Retail Banking

Enhance customer service

rhythm, build sustainable

growth

Wholesale Banking

Recognition by our customers as their preferred

top tier Malaysian Bank

General Insurance

To be the most trusted insurer in

Malaysia

Islamic Banking

To be known as the Islamic Bank which prospers

with society

Life & Family Takaful

To be a leading customer centric

and modern insurer in Malaysia


Delivering on FY15-17 strategic agenda highlights

4

Deliver on focused organic growth

• Retail – Targeted segment play Business specialists at branches nationwide Introduced TRUE customer proposition targeting

young professionals Set up specialist - Deposit payroll team

• Wholesale – Grow customer share of wallet Launched new CGC portfolio guarantee scheme

and Biz Solutions package Cross-selling of high flow FX, trade finance and

cash management business

• General insurance – Grow share in non-motor Launched 3 new products year-to-date covering

both individual PA and SME lines

Leverage strategic partnerships & deliver on acquisition

• General insurance (acquisition of Kurnia) Maintain top 3 general insurer Focus on growing non-motor insurance through

cross-selling to existing motor customer base and Banca channels

• Life assurance and family takaful (MetLife) Prioritise on building up agency force and

infrastructure to grow the business

• Merchant and cards issuance business (MBfCards) Small Business Banking developed and

expanded small business solutions (e.g. current account, lending facilities, merchant facilities) for merchants

Continue to optimize efficiency

Better customer experience via process simplification for account opening at branches

Launched Kurnia and AmA CLAIMS express management process including a “first of its kind” for Malaysia windscreen repair model and ongoing changes to its supply chain models

Upgrading of collection, cash management and transaction banking systems to increase productivity and improve processing

Build sustainability

Phase 2 of core banking system project (completion by end 2015) will enhance customer experience & simplify access to multiple channels

Infrastructure modernisation programmes to improve security, reliability and efficiency of data centre

Build pricing and service differentiation capabilities in preparation for de-tariffication of general insurance business


Headline results

5

Sound asset quality,

intensified collection effort

Modest economic outlook, with

potential headwinds

Income lower by NIM compression and cautious IB

market

Loan growth predominantly

mortgage & corporate

Balancing BAU expenses with

growth enablers

RM’ mil H1FY16YoY growth(Underlying)

Total income 1,898.7 (14.0%)

Expenses 986.8 (4.7%)

Profit before allowances

911.9 (22.2%)

Allowances (71.5) (>100%)

PATMI 722.0 (6.9%)

WB business remains subdued

Better Q2 results over Q1

Divisions showing momentum to

deliver FY16 KPIs


Performance indicators

6

Q2FY16 H1FY16 FY16 Guidance

PATMI- RM’ million- Growth (%)

382.5 12.7%1

722.0(6.9%)2 Flat 2

ROE 10.2% 9.8% Circa ~ 10.5%

CTI 53.4% 52.0% ≤ 52%

Gross impaired loans ratio 1.95% ≤ 2%

Proposed dividend 5.0 sen per share 40 – 45% payout

Other details:

Gross loan growth- Excluding Auto Finance

0.3%3

4.3%3

2%5.5%

CASA composition 21.1% ≥ 21%

Capital ratios- CET 1- Tier 1- Total

10.5%5

11.8%5

15.6%5

9.1% ± 1.0%

10.6% ± 1.0%

15.0% ± 1.0%

Note:1. QoQ growth2. YoY growth against underlying3. YoY growth4. After deducting proposed dividend


536.9445.8 416.6

519.2

339.5382.5

16.0%

12.7% 11.8%

15.1%

9.3% 10.2%

1QFY15 2QFY15 3QFY15 4QFY15 1QFY16 2QFY16

PATMI ROE

95.1 94.8 99.8 102.8 99.8 99.7

90.0% 89.3% 85.9% 83.8% 84.3% 85.6%


Customer deposits Adjusted LDR ratio

Reflects portfolio rebalancing & re-alignment of customer segment focus

1. Customer deposits include stable funding sources

Better Q2 performance

7

Cost-to-income ratioCustomer deposits1 (RM’ bil) and LDR ratio

PATMI (RM’ mil) & ROE

61.0 60.6 62.4 63.5 61.9 63.5


Loans excluding AF TotalQoQ growth: 1.4%YoY growth: 0.6%PATMI QoQ growth: 12.7%

ROE QoQ growth: 0.9%

42.8% 44.0%49.2% 47.9% 50.5% 53.4%


CTI % Expenses growth%

QoQ change: 2.9%

85.6 84.7 86.285.7 84.1 85.3

Net lending (RM’ bil)


44.7

49.654.0

59.363.8

32.7

24.0

FY11 FY12 FY13 FY14 FY15 H1FY15 H1FY16

CAGR FY11-15: 9.3%YoY growth: -26.4%

RM (sen)

First half results reflect subdued operating environment

8

Total income (RM’ mil) and non-interest income (%)

EPS (basic)ROA

PATMI (RM’ mil) & ROE

1,343 1,484 1,621 1,782

1,639

775 722

13.6% 13.8% 13.9% 14.1% 13.8% 14.3%

9.8%


PATMI Reported

PATMI Underlying

ROE (%)

ROECAGR FY11-15: 0.1%YoY growth: -4.5%

PATMICAGR FY11-15: 9.3%YoY growth: -26.5%

1.39%1.39% 1.37%

1.45%

1.60% 1.65%

1.18%


YoY growth: -0.47%(%)

3,926 4,306 4,3794,743

4,263

2,207 1,899

30% 34% 31% 34%41% 45%

35%


Total income (underlying)

Total income (reported)

Non-interest income %

CAGR FY11-15: 4.7%YoY growth: -27%

1,919

983

4,725

2,597


2,597.4

2,207.4

1,925.1 1,898.7

390.0

187.6

20.6 16.9 57.2 26.4

H1FY15reported

Divestmentgain

H1FY15underlying

Net interest Credit cardfees

Asset,wealth mgmt& brokerage

WB fee &Markets

Insurancepremium &

others

Q1 FY16reported

Modest top line growth, margin compression persists

9

Retail Banking27%

Corp & Comm Banking

46%

Mkts, IB & Fund Mgmt

8%

Insurance14%

Operating5%

PATMI (RM’mil) and divisional contribution (%) QoQ NIM Movement

• Top line growth influenced by:

- NIM compression, as competition remains intense given lower demand and focus on better quality assets

- Flat lift in consumer spending

- Volatile equity and debt markets

- Subdued business sentiment

• NIM stable QoQ, as positive impact from asset repricing was offset by margin compression as higher-yield auto loans tapered off and increased contribution of wholesale loans

( 2%)

( 9%)

775.1

982.8

722.0

H1FY15 H1FY16

Underlying Reported

7%

( 27%)2.45%

2.54%

2.38%2.33%

2.12% 2.12%

Q1FY15 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16

Non-interest income:H1FY15* – 35.6%H1FY16 – 35.0% * Underlying

( 40%)

13.2%YoY Growth

32.2% 12.5% 33.2% 6.4%

14.0%

26.9%

Total income (RM’mil)


86.6

88.6

86.8

2.0

1.5 2.4

0.3 0.5

H1FY15 Wholesale

banking

Mortgage Auto

finance

Cards Others H1FY16

Targeted loans growth, driven by mortgage and wholesale

10

Auto26%

Mortgage22%

Cards2%

Wholesale47%

Others3%

Loan growth driver (RM’ bil)Loan composition by type

• Loans growth responding to greater sales focus and relationship management

• Focus in preferred customer segments lifted mortgage (+8.3%) and wholesale banking loans (+5.2%)

• A balanced portfolio composition with retail 53% and non-retail loans 47%

47.6 46.8 46.3 45.9 45.8

39.0 40.7 41.5 39.8 41.0

Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16

Retail Non-retail

86.8 85.7 87.8 87.5 86.6

5.2% 9.8% 8.3%YoY Growth

16.6% 0.3% 16.8%

Breakdown by rate sensitivity:Fixed rate – 35%Variable rate – 65%

Breakdown by concept:Islamic – 32%Conventional – 68%

QoQ Growth: 1.3%

Total retail 53%

Gross loans outstanding (RM’ bil)

Portfolio rebalancing

4.3%Excluding Auto

Finance

Retail loan growth:YoY - 3.9%Excluding Auto Finance - 2.4%


4.8%

4.3% 4.3%4.6% 4.6%

4.2%4.4% 4.3% 4.3% 4.4%

Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 Sep 14 Dec 14 Mar 15 Jun 15 Sep 15

Industry - CASA AmBank Mkt Share

Sustaining focus on low cost deposits (CASA)

11

CASA market share and industry CASA balance1

(RM’ bil) Deposits by type of customers (RM’ bil)

• CASA composition sustained through active relationship management and payroll acquisition programmes, despite outflow of term deposits as expected due to rate competition

• CASA balance and market share picked up QoQ whilst industry’s CASA trending down since June’15

17.1 18.5 18.7 18.8 18.8

85.3 90.0 92.189.8 89.3

20.1% 20.5% 20.3% 21.0% 21.1%


Customer deposits CASA CASA Composition (%)

37.2 40.6 42.0 39.9 39.6

34.735.6 35.8 35.6 35.5

13.413.8 14.4 14.4 14.2


Biz Ent Individuals Govt & Others

89.389.8 92.1

90.0 85.3

1. Source: BNM Monthly Statistics

0.6%

Deposit and CASA balance (RM’ bil)


-0.5%

0.5%

1.5%

Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15

AmBank Industry

Increase in Wholesale and Group GIL ratio in Q2FY16 due to a single corporate real-estate loan which was subsequently settled in November

125.0

(71.5)

21.5

37.8

(79.3)

57.9

Asset quality remains strong, allowances lower with higher recoveries

12

Allowances (RM’ mil)

Credit costs (annualised) vs. industry1Gross impaired loans ratios

• Allowances lower with higher recoveries from intensifying collection efforts

• Credit costs trending below industry average since Q2FY15

• GIL ratio at 1.95% as retail assets quality continues to improve whilst corporate loans require close vigilance under current operating environment

• Adequate coverage based on current servicing assessment discounted with internal buffers on seasonal impacts

H1FY15 IndividualAllowance

Collective Allowance

Recoveries Others H1FY16

2.43%

2.17%2.01% 1.95%

1.91%

0.98%

1.53% 1.55% 1.63%

2.00%

1.79% 1.88% 1.79% 1.80% 1.95%


Retail Wholesale Group

1. An average of eight peer domestic banks

Credit costs below industry since Q2FY15

Consists of loan loss allowances only. Sharp spike due to lower recoveries from WB

AmBankGroup

FY12 FY13 FY14 FY15 H1FY15 H1FY16

Credit cost 0.50% 0.21% 0.08% -0.04% 0.20% -0.12%


1,125.4

1,035.6 957.5 986.8

17.6 11.7

89.8

50.59.2 18.4

H1

FY

15

rep

ort

ed

Restr

uctu

ring

H1

FY

15

un

derl

yin

g

Eff

icie

ncie

s &

head

cou

nt

Lif

e b

usin

ess

IB

restr

uctu

ring

H1

FY

16

pre

-in

vestm

ent

Reg

ula

tory &

com

pliance

Infr

astr

uctu

re

H1

FY

16

rep

ort

ed

4.7%

35.0%

40.0%

45.0%

50.0%

55.0%

Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15

Continued emphasis on cost discipline

13

Business growth:

• AmHorizon/Core banking system Phase 2

• Infrastructure Facilities Modernization (IFM)

• Cash Management System enhancement (Transaction Banking)

• Collection & Recovery system replacement

• Digital Banking (for Retail Banking)

• Multichannel Switch

Regulatory and compliance:

• Malaysian Chip Card Specification (MCCS)

• ATM BNM Malware Attack Risk Management

• MFRS9

• Basel AIRB

Cost-to-income ratio vs. industry1Key capital expenditure planned for FY16/FY17

• Expense well controlled, balancing between BAU expenses and investments to deliver on our growth agenda

• Despite consistent cost discipline, low income growth caused CTI ratio to trend towards industry average

1. An average of eight peer domestic banks

AmBank Group

Industry

Expense growth driver (RM’ mil)

12.3%

CTI ratio:H1FY15* – 46.9%H1FY16 – 52.0% * Underlying


FY07 FY10 FY13 FY15 H1FY16Industry

Ave

Equity & debtcapital

10% 15% 14% 15% 16% 14%

Customer deposits

60% 77% 75% 74% 73% 73%

Term funding & loans with recourse >1year

4% 2% 7% 8% 8%

6%Term funding & loans with recourse <1year

1% 1% 1% 1% 1%

Deposits from banks & FIs

25% 5% 3% 2% 2% 7%

Funding and capital, sound & conservative positioning

14

Funding composition vs. industry

Capital adequacy ratiosFunding maturity profiles

• Prudent liquidity management with LCRs >100% for all banking entities

• Higher composition of stable medium term funding vis-à-vis industry, which weighs on cost of funds

• Whilst capital ratios remain adequate, the Group is reviewing long term capital plans and structure (Basel III FHC @ FY2020)

• Basel III FHC indicative ratios as at 30 September 2015 (no requirements until FY2020) – CET 1: 9.1%; Tier 1:10.2%; Total capital: 13.8%

• Double leverage ratio: 1.14x; Balance sheet leverage ratio: 9.5%; Total leverage ratio: 7.7%

79%

16%

4%

1%

< 6 mth

6-12 mth

1-3 yr

3-5 yr

7%

93%

< 1 yr > 1 yr

Deposits from customers and Banks & FIsTerm funding & Debt capital

9.3% 9.7% 10.5% 10.5%9.8% 10.4%

11.0% 11.1%11.8% 11.8%

14.0%14.7% 14.8%

15.4% 15.8% 15.6%

FY11 FY12 FY13 FY14 FY15 H1FY16

CET 1 Ratio Tier 1 CAR RWCAR/Total Capital Ratio


Market Share As At 30 Sept 15

(%)Rank

DCM 16.5% 4

M&A League 13.1% 3

M’sian Ringgit IslamicBonds

14.9% 4

FUM1 10.8% 4

Wholesale Banking, subdued outlook but stronger loans momentum and grew CASA

15

QoQ PAT (RM’ mil)

Net loan disbursement (RM) movement picked up in Q2

League table

• QoQ profit increased whilst loan growth picking up in Q2 as

lumpy repayments stabilising and introduction of new

financing/business solutions

• YoY PAT down reflecting NIM compression, cautious business

sentiment and weaker fixed income trading, offset by FX

sales and higher recoveries

• Priorities in Q3:

Corporate - Improve turnaround time for SME segment

TB & Markets – enhanced collaboration, processes,

systems and joint marketing efforts to drive FX & trade

finance flows

Deposits/CASA – leverage on repositioning opportunities

to deliver optimum return

260.9 241.3268.8

191.5233.1



Disbursement

Net movement

1. FUM data consists of unit trust funds only

22%

1. Net movement equals to disbursement less repayment


Retail Banking, focus on main bank relationships

16

QoQ PAT (RM’ mil)

Mortgage and auto finance disbursement QoQ(RM)

QoQ deposit balance (RM’bil)

• Performance impacted by margin compression, run-offs in

cards and auto finance, though partially mitigated by

lower allowances from improved asset quality

• Stronger momentum in Q2 from mortgage growth, higher

average auto finance disbursements and card spending

• Key focus in Q3:

Growth in preferred customer segments

Small Business Banking solutions

Continue to focus on collection and recovery efforts to

maintain asset quality

103

77.8

119.3 120.4

86.1



Mortgage Auto Finance

34.2% 33.1% 33.6% 33.9% 34.2%


Total deposits CASA %

41.442.142.742.140.9

28%


334.2 318.3 316.1 315.0 310.9

69.769.9 70.5 70.7 67.3


Motor Non-Motor

General insurance, reflecting lower car sales

17

QoQ PAT (RM’ mil)

QoQ premium growth (RM’ mil)Loss ratio and combined ratio

• Gross written premium lower QoQ primarily due to motor insurance, corresponding to challenging car sales data

• PAT was lower YoY impacted by lower premium and investment income.

• Key initiatives for Q3:Motor Renewal New customer friendly renewal notices Gamification renewal monitoring tool Call-centre outbound and SMS renewal reminder initiatives

Non-Motor New product launches Sales kit for Banca and branch agents

69.961.4 62.5 58.9

51.5


57.5%65.4% 63.8% 63.0% 62.3%


Loss Ratio Combined Ratio

93.9% 92.5%89.3%

93.2%

13%

2%

85.3%

403.9388.2 386.6 385.7 378.2


Outlook

• GDP growth anticipated to slow from 6.0% in2014 to 4.7% in 2015, reflecting

• Weak commodity prices, dampened exports,lower government spending and slowerbusiness expansion

• Moderate domestic consumption, weigheddown by high household debt levels amidstrising cost of living

• Inflation expected to stay around 2.1%reflecting GST impact and weak Ringgit,partially offset by lower global commodityprices and softer demand

• US dollar rise, interest gap and the Yuanoutlook will weigh on Ringgit

• Authorities expected to continue with prudentand pragmatic policies while reigning in fiscaldeficit and public/household debt (2016F: -3.1%), as per recent National Budget 2016

• Monetary policy expected to remain prudent tosupport slower economic growth

• Loans growth to moderate in tandem withslower GDP expansion and high LD ratio

• Margins remain a challenge from thepersistence of intense rate-based competitionfor deposits

• Asset quality may come under pressure fromrising inflation, subsidy reductions and GSTimpact and a more challenging businessenvironment

• OPR to remain steady at 3.25% in 2015.

Malaysia Banking

Industry loan indicators

Jan-1

3

Feb-1

3

Mar-

13

Apr-

13

May-1

3

Jun-1

3

Jul-

13

Aug-1

3

Sep-1

3

Oct-

13

Nov-1

3

Dec-1

3

Jan-1

4

Feb-1

4

Mar-

14

Apr-

14

May-1

4

Jun-1

4

Jul-

14

Aug-1

4

Sep-1

4

Oct-

14

Nov-1

4

Dec-1

4

Jan-1

5

Feb-1

5

Mar-

15

Apr-

15

May-1

5

Jun-1

5

Jul-

15

Aug-1

5

Sep-1

5

Disbursed (RM' bil) Approved (y/y%) Applied (y/y%)

18


AmBank Group Second Half FY16 Considerations and Expectations

19

Divisions to show moderate growth momentum, given current economic

outlook

Disciplined lending in all targeted sectors to

continue

Pricing competition to continue stressing

NIM

Sound asset quality,recoveries likely to level off leading to

normalised credit cost

BAU Expense controlled to offset

investments for growth

Governance and compliance remain a

key focus

Conservative funding profiles and efficient capital positioning

Clear strategies andaligned teams to

deliver


Appendix


Islamic PATMI

H1FY16 H1FY15

H1FY16 H1FY15

Conventional PATMI Positive growth in H1FY16 Contraction in H1FY16

26.9% 27.0% 38.1% 12.3% >100% 30.7%

982.8 mil

43.5%

83%

9%

Appendix – Income Statement

(RM’ mil)PATMIH1FY15

Net Interest Income

Non-Interest Income

Total income

Expenses PBPProvisions/Allowances

PBTTax & Zakat

PAT MIPATMIH1FY16

H1FY16 1,234.2 664.5 1,898.7 986.8 911.9 (71.5) 983.4 206.8 776.6 54.6

H1FY15 1,421.7 1,175.7 2,597.4 1,125.4 1,472.0 125.0 1,347.0 298.4 1,048.6 65.8

13.2%

85%

Growth

21

25.9% 17.0% 26.5%

722.0 mil

17%

88%

12%


2.68%

2.92%

3.13% 3.10% 3.10% 3.09%3.17%

3.28%

2.98% 2.94%

2.75% 2.68% 2.72% 2.68%2.43%

2.12%

2.25%

2.75%

3.00% 3.00% 3.00% 3.00%3.25% 3.25%

1.00% 1.00%

4.00% 4.00% 4.00% 4.00% 4.00% 4.00%

FY10 FY11 FY12 FY13 FY13 Restated FY14 FY15 H1FY16

Note:1 NIM includes Net Financing Income from Islamic Banking business2 FY10-FY14 based on internal data computation

3 FY2013 has been restated to reflect adoption of new MFRS

MFRS 1

0

2.68%

2.92%

3.13% 3.10% 3.10% 3.09%2.98% 2.94%

2.75%2.68% 2.72% 2.69%

2.25%

2.75%

3.00% 3.00%3.00% 3.00%

1.00% 1.00%

4.00% 4.00% 4.00% 4.00%

FY10 FY11 FY12 FY13 1 Apr 2013 FY14Cost of funds NIM OPR SRR

COF

NIM

SRR

OPR

Appendix – Net interest margin

FY10 FY11 FY12 FY13FY13

[Restated]3 FY14 FY15 H1FY16

NIM Driver Q1FY16 vs.

Q4FY15 Q2FY16 vs.

Q1FY16

Portfolio rebalancing -3 -5

Asset re-pricing -2 +5

Deposits -2 -

Underlying movement -7 -

One-offs -14 -

QoQ NIM movement -21 -

Breakdown of NIM Driver (bps):

22

NIM and COF (YoY)

YTD NIM (bps) drivers

2.45%

2.54%

2.38%2.33%

2.12% 2.12%



37.5 13.3 103.2 11.7 59.6 106.0

36.0 94.3 95.3

40.9

804.1

22.3

1,424.1

Sep-15

2.5% 0.9% 7.3% 0.8% 4.2% 7.4% 2.5% 6.9% 6.4% 2.9% 57.0% 1.4%

4.3 3.7 8.6 0.53.5 4.5

2.8 3.0 8.5 1.6

45.3

0.4

86.8

Sep-15

5.0% 4.2% 10.0% 0.6% 4.0% 5.2% 3.2% 3.5% 9.8% 1.9% 52.2% 0.5%LoansComposition

Source : BNM, financial statement

AgricultureMining & Quarrying

ManufacturingElectricity,

Gas & WaterConstruction

Wholesale, Retail,

Restaurant

Transport, Storage &

Com

Finance, Insurance,

& Biz. Real Estate

Education & Health

Household Others Total Loans

YoYGrowth

AgricultureMining & Quarrying

ManufacturingElectricity,

Gas & WaterConstruction

Wholesale, Retail,

Restaurant

Transport, Storage &

Com

Finance, Insurance,

& Biz. Real Estate

Education & Health

Household Others Total Loans

Appendix – Loans by sector vs. Industry

7.1% 20.7% 7.9% 52.6% 15.9% 18.6% 24.5% 24.5% 5.8% 37.3% 2.4% 21.5% 0.3%

YoYGrowth

LoansComposition 2.6% 0.9% 7.2% 0.8% 4.2% 7.4% 2.5% 6.6% 6.7% 2.9% 56.5% 1.6%

17.1% 58.8% 3.4% 9.6% 10.4% 10.3% 12.9% 11.3% 21.4% 11.8% 8.1% 15.7% 9.7%

Loans by purpose Sep’15YoY

growthComposition

Purchase of transport vehicles

22.8 -11.1% 26.2%

Working capital 24.2 +23.7% 27.8%

Purchase of resiproperty

16.8 +10.9% 19.4%

Purchase of non-resiproperty

7.8 -9.9% 8.9%

Other purpose 4.9 -7.1% 5.6%

Purchase of securities

3.0 -17.5% 3.5%

Construction 3.2 -23.3% 3.6%

Personal use 1.6 -11.7% 1.9%

Credit card 1.4 -23.0% 1.6%

Purchase of fixed assets

1.3 +33.0% 1.5%

Consumer durables 0.0 - 0.0%

86.8 +0.3% 100.0%

Loans by purpose Sep’15YoY

growthComposition

Purchase of transport vehicles

169.5 +2.3% 11.9%

Working capital 345.2 +15.0% 24.2%

Purchase of resiproperty

424.8 +12.1% 29.8%

Purchase of non-resiproperty

194.6 +13.8% 13.7%

Other purpose 66.0 +1.7% 4.6%

Purchase of securities

74.5 -0.2% 5.3%

Construction 41.3 +8.9% 2.9%

Personal use 62.5 +5.0% 4.4%

Credit card 34.7 +0.6% 2.4%

Purchase of fixed assets

10.9 +3.3% 0.8%

Consumer durables 0.1 -71.9% 0.0%

1,424.1 +9.7% 100.0%

Loans by Sector

Loans by Sector

RM’ bil

RM’ bil

23

4.3 3.7 8.6 0.53.5 4.5

2.8 3.0 8.5 1.6

45.3

0.4

86.8

Sep-15

4.3 3.7 8.6 0.53.5 4.5

2.8 3.0 8.5 1.6

45.3

0.4

86.8

Sep-15

AmBank Group

Industry


5.2 13.6 18.8

70.5

89.3

Sep'15

Source : BNM, financial statement

Appendix – Deposits by sector vs. Industry

YoYGrowth

RM’ bil

24

Savings Current Account CASA Fixed Deposits Core Deposits

Savings Current Account CASA Fixed Deposits Core Deposits

0.1% 14.3% 10.0% 3.3% 4.6%YoYGrowth

RM’ bil

Savings

14%

Current

Account29%

Fixed Deposits

57%

Savings

6%Current

Account15%

Fixed Deposits

79%

Core Deposits Composition (AmBank

Group)

Core Deposits Composition (Industry)

AmBank Group

Industry

136.6 293.6

430.2 579.0

1,009.2

Sep'15

1.7% 7.5% 5.6% 10.9% 4.5%


23% 26% 28%

55%58%

61%

2%1%

1%21% 15% 10%

FY14 FY15 H1FY16

Most preferred Preferred Least Prefered Gen 1 scorecards

Household Income Group (% of loans outstanding)

Appendix - Auto Finance

Risk Grades (% of loans outstanding)

Auto Finance monthly balance vs. net outflows

Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15

Balance O/S Net outflows

67% 70% 72%

33% 30% 28%

FY14 FY15 H1FY16

Other Income brackets ( >RM3K ) Vulnerable Income bracket ( <=RM3K )

Auto Finance loans vs industry vehicle sales


AMMB disbursement (RM) Industry vehicle sales (No.)

25


27%

H1FY16 PATH1FY15 PAT Positive growth in H1FY16 Contraction in H1FY16

H1FY16 PAT(composition to Group)

PATH1FY15

Total Income Expenses PBP Allowances PBT TaxPAT

H1FY16

H1FY16 772.4 444.2 328.2 57.4 270.8 64.3 206.5

H1FY15888.3 455.7 432.6 131.9 300.7 74.7 226.0

Income Statement (RM’mil)

Balance Sheet (RM’mil/%)

Growth 13.0% 24.1% 2.5% 56.4% 9.9% 13.9% 8.6%

Appendix – Retail Banking

H1FY16

vs

H1FY15 H1FY16 H1FY15

Gross Loans /

Financing 47,614.5 45,767.6 -▼ -3.9%

Gross Impaired Loans 1.91% 1,165.7 874.9 -▼ -25.0%

Customer Deposits 40,943.4 41,398.5 ▲ +1.1%

CASA Deposits 10,433.0 10,540.2 ▲ +1.0%

ROA 0.90% 0.94% ▲ +0.04%

CTI 51.6% 57.8% ▲ +6.2%

Allowance Coverage 70.8% 70.1% -▼ -0.7%

26


Corp&Com

m Bkg68%

Markets

7%

IB

15%

Funds

Mgmt10%




16.9% 15.5% 19.3% 17.7% 11.7% 13.9% 11.0%

Appendix – Wholesale Banking

Growth

54.7%

PATH1FY15


H1FY16

H1FY16 714.0 248.0 466.0 (83.2) 549.2 124.7 424.5

H1FY15 858.8 307.3 551.5 (70.7) 622.2 144.9 477.3


H1FY16 Income(composition by sub-segments)

H1FY16 vs

H1FY15 H1FY16 H1FY15

Gross Loans / Financing 39,079.1 41,116.1 ▲ +5.2%

Gross Impaired Loans 2.00% 387.9 821.4 ▲ >100.0%


CASA Deposits 7,446.1 9,052.0 ▲ +21.6%

ROA 1.97% 1.62% -▼ -0.35%

CTI 35.8% 34.7% -▼ -1.1%


Ave Assets Management 46,107.6 47,124.6 ▲ +2.2%

55%

27



Income Statement - Insurance (RM’mil)

Income Statement – Group Funding & (RM’mil)

Appendix – Insurance and Group Funding & Others

PATH1FY15


H1FY16

H1FY16 260.6 142.8 117.8 2.5 115.3 7.5 107.8

H1FY15 331.4 142.0 189.4 (4.6) 194.0 45.8 148.2

21.4% 37.8% 0.6% >100% 40.6% 83.6% 27.3%Growth H1FY16 PAT(composition to Group)

14%

28

PATH1FY15

TotalIncome

Expenses PBP Allowances PBT Tax PAT MIPAT

H1FY16

H1FY16 154.3 154.5 (0.2) 48.2 48.0 10.3 37.7 54.5 (16.8)

H1FY15518.2 219.8 298.5 (68.4) 230.1 33.0 197.0 65.8 131.2


4%

Growth 70.2% >100.0% 29.7% 100.0% 79.1% 68.9% 80.9% 17.1% >100.0%


PATZ: profit after tax and zakat

Appendix – Islamic Banking

H1FY16 Gross Financing(composition to Group)


PATZH1FY15

Total Income Expenses PBP Allowances PBT Tax & zakatPATZ

H1FY16

H1FY16 439.4 237.8 201.6 44.0 157.6 33.7 123.9

H1FY15 463.3 216.1 247.1 91.4 155.8 35.2 120.6

Growth 5.2% 18.4% 10.0% 51.9% 1.2% 4.3% 2.8%




16%

32%

29

H1FY15 H1FY16

Gross Financing 24,841.4 27,780.3 ▲ +11.8%

Gross Impaired Financing 2.31% 372.6 640.5 ▲ +71.9%


CASA Deposits 5,254.0 5,710.6 ▲ +8.7%

ROA 0.349% 0.315% -▼ -0.04%

CTI 46.651% 54.130% ▲ +7.4%


H1FY16

vs H1FY15


LDR1 of 85.6%

AmBank Islamic Berhad

1. RM2b Subordinated Musyarakah Sukuk

2. RM3b senior sukukmusyarakah programme

3. RM3b Basel III-compliant Subordinated SukukMurabahah Programme via Tawarruq arrangement

AMMB Holdings Berhad

1. RM2b Medium Term Notes (Senior & Subordinated)

Funding diversity underpinned by

CASA: RM18.8 billion Fixed deposits: RM70.5billion

(strong retention)

Supplemented by term funding & debt capital

AmBank (M) Berhad

1. RM500m Innovative Tier 1 Capital Securities Programme

2. RM500m Non-innovative Tier 1 Capital Securities Programme

3. USD200m USD Subordinated Term Loan

4. RM2b Medium Term Notes

5. RM4b Tier 2 Subordinated Notes

6. RM7b Senior Notes2

7. USD2b Euro Medium Term Notes

1. Includes stable funding sources 2. 1st senior notes issuance by a financial institution in Malaysia

AmBank (M) Berhad

AmBank Islamic Berhad

Loans with Recourse

Recourse obligations on loans sold to Cagamas -maturing in 2017

Islamic financing sold to Cagamas –maturing in 2016

• Statutory reserve and liquidity requirement savings

• Reduced exposure to interest rate risks

Funding characteristics

• Improve funding stability, maturity gap and liquidity ratios

• Reduce dependence on short-dated deposits to fund long-dated fixed rate loan assets which incur liquidity risk and interest rate risk

• Diversifies investor base

• No obligation for buy back since we are not exposed to withdrawal risks and the notes are traded in the open market

• Enable depositors to invest in long and medium dated papers

Appendix – Funding sources and maturity profile

30


ANZ diversified footprints in Asia

Value proposition

• Seconding ANZ staff into key roles

• Providing technical expertise

• Support new product development

• Two-way customer referrals

• Joint account planning

• Access to regional network & connectivity

Board representation – AMMB Holdings Berhad

• Mark Whelan – Director (CEO Australia)

• Suzette Corr – Director (General Manager HR Australia and Group General Manager Talent & Culture, ANZ)

• Shayne Elliott, ANZ’s CFO (resigned on 15 October 2015 as he will be assuming the role as ANZ’s CEO starting 1 January 2016)

Board representation –AmBank (M) Berhad, AmBank Islamic Berhad & AmInvestment Bank Berhad

• Graham Hodges – Director (Deputy Chief Executive Officer, ANZ)

Management representation

• Mandy Simpson – Chief Financial Officer

• Nigel Denby – Chief Risk Officer

• Tan Chin Aun - Transaction Banking

• Oscar Demirtas - Senior Programme Manager, Small Business Banking

Partnership with ANZ since 2007

Source: ANZ website

Appendix – ANZ & AmBank Group Partnership

29 Asian markets, 5 Partnerships

31


IAG diversified footprints in Asia

Value proposition

• Involved in the management of AmGeneral Insurance, offering skills transfer, partnership and relationship models of IAG

• Adding value through claims re-engineering savings, increased revenue via product development, underwriting and pricing

Board representation

• Duncan Brain – Director (CEO, IAG Asia)

• Aidan Pallister – Director (Deputy CEO / COO of IAG Asia)

Management representation

• Derek Roberts – CEO, AmGeneral Insurance Berhad

• Arron Mann – General Manager, Claims

• Chris Tandy – General Manager, Personal and Commercial Pricing

Partnership with IAG

Appendix – AmGeneral Partnership

2 subsidiaries in Thailand & Vietnam Investment in associates in Malaysia, China & India

Source: IAG annual report 2014

32

https://www.kurnia.com/malaysia

https://www.kurnia.com/malaysia


Perlis

Kedah

PulauPinang

Perak

SarawakKuala Lumpur

Putrajaya

NegeriSembilan

Melaka Johor

Pahang

Selangor

Labuan

SabahTerengganu

Kelantan

Brunei Darussalam

Branches ATM RBC

Perlis 1 4

Kedah 6 28

Pulau Pinang 14 49 1

Perak 18 47

Selangor 38 244

Kuala Lumpur 23 131 1

Putrajaya 1 3

Negeri Sembilan 7 38

Melaka 6 37

Johor 21 91 1

Pahang 9 32 1

Terengganu 4 20

Kelantan 2 22

Sabah 9 36 1

Labuan 1 2

Sarawak 15 49 1

175 833 6

Population Density: <100 persons per km2 101-500 persons per km

501-1,000 persons per km2 1,001--1,500 persons per km2

> 1,501 persons per km2

AmBank Islamic

branches

Weekend Banking Branches

ATMs @ 7-Eleven

ElectronicBanking Centres

Internet & Mobile

BankingAmGeneral AmMetlife AmInvestment MBF

3 75 368 182AmOnlineAmGenie

32(include 28

dual branded branches)

18 branches52 agencies

14 26

Note(s):

Brunei: AmCapital (B) Sdn Bhd

Appendix – Distribution channels

RBC: Regional Business Centres

33

Nationwide Branch Network

Other Customer Touch Points


AMMB Holdings Berhad

23.8%1 AmCorp 13.0% EPF 16.7% Others 46.5%

100% AmBank (M) Berhad

100% AmInvestment Group Berhad

100% AmInvestment Bank Berhad

FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 H1FY2016

27% 27% 26% 29% 31% 29% 26%

1.ANZ: ANZ Funds Pty Ltd,a wholly owned subsidiary of Australia and New Zealand Banking Group Limited2.Formerly known as AmG Insurance Berhad3.Formerly know as Kurnia Insurans (Malaysia) Berhad4.MetLife owns 50% plus one share in AmMetLife Insurance Berhad, with the remaining shares held by AmBank Group, and AmBank

Group owns 50% plus one share in AmMetLife Takaful Berhad, with the remaining shares owned by MetLife

Foreign shareholding excluding ANZ

100% AmBank Islamic Berhad

100% MBF Cards (M’sia) Sdn Bhd

33.33% Bonuskad Loyalty Sdn Bhd

100% AMAB Holdings Sdn Bhd

51% AmGeneralHoldings Berhad2

~50% AmMetLifeTakaful Berhad4

~50% AmMetLifeInsurance Berhad4

100% AmGeneral Insurance Berhad3

49%

~50%

~50%

As at 30 September 2015

Retail Banking Wholesale Banking Islamic Banking General InsuranceLife Assurance &

Takaful

Appendix – Shareholding structure & franchise value

34


-25.0%

-4.7%

16.5%

19.5%

26.1%

84.7%

92.9%

-35.0% -15.0% 5.0% 25.0% 45.0% 65.0% 85.0% 105.0%

CIMB

MBB

AMMB

KLCI

RHB Cap

PBB

HLBK

(Note: 18 May 2007 vs. 30 Sep 2015)

Ratings FY2007 FY2015

AmBank (M) RAMLT: A2, ST: P1 Outlook: Stable

LT: AA2, ST: P1Outlook: Stable

S&PLT: BBB-, ST: A-3 Outlook:Stable

LT: BBB+, ST: A-2Outlook: Negative

Moody’s

LT: Baa2, ST: P-3 Outlook:StableBFSR: D-

LT: Baa1, ST: P-2Outlook: Stable*BCA: Baa3*Adj BCA: Baa3

AmInvestment RAMLT: AA3, ST: P1 Outlook: Stable

LT: AA2, ST: P1 Outlook: Stable

AmBank Islamic

RAMLT: A2, ST: P1 Outlook: Stable

LT: AA2, ST: P1 Outlook: Stable

AMMB RAM NALT: AA3, ST: P1 Outlook: Stable

Source : Bloomberg as at 17 Nov2015

+3

+3

+1 Notches of ratings upgrades since 2007

+1

AMMB HOLDINGS BERHAD P/EPS : 9.73P/BV : 0.96

Market Price : RM4.68

+3

Average TP : RM5.24Buy : 4 (17%)Sell : 6 (25%)Hold : 14 (58%)Average TP / Average CP : 1.12x

Appendix – Banking sector share price movement / target price and recommendations

* Upgrade from ba1 on 16 Jun 15

+2

35

Buy/Outperform/Overweight/AddP/EPS & P/BV as at 30 September 2015

TP: target priceSell/Underperform/Fully valued/Reduce/UnderweightHold/Neutral/Market perform

Banking Sector Share Price Movement Upgraded ratings

Target Price and Recommendations


86.4

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2010 2011 2012 2013 2014 2015

BCIBusiness Conditions Index

points

Source: BNM & Bloomberg

Appendix – Key economy indicators

36

4.9%

6.5%

0.5%

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2010 2011 2012 2013 2014 2015

GDP Consumption Investment

Business confidence index

3.0%

3.2%

Mar

June

Sept

Dec

Mar

June

Sept

Dec

Mar

June

Sept

Dec

Mar

June

Sept

Dec

Mar

June

Sept

Dec

Mar

June

Sept

2010 2011 2012 2013 2014 2015

CPI Unemployment

FDI flow

20.5

12.5


2010 2011 2012 2013 2014 2015

TD FDI

CPI and unemployment rateGDP, consumption and investment growth


To be updated for the his

* Retail comprise purchase of transport vehicle, purchase of residential property, personal use and credit card

1.2%

98.1%

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

2010 2011 2012 2013 2014 2015

Loan loss coverage

Gross impaired loans


* Effective 2 January 2015, the Base Rate would replace the Base Lending Rate as the main reference rate for new retail floating rate loans

37

Appendix – Banking system data

Key interest rates Asset quality

Household debt movementHousehold debt, national savings and retail impaired loan ratio

34.2% 34.6% 33.0% 31.2% 30.9%

74.5% 76.2%81.3%

86.7% 87.9%

24.9%19.7% 16.3% 14.7% 13.3%0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

2010 2011 2012 2013 2014

Gross national savings Household debt/GDP

Retail impaired loans ratio*

6.8 6.1 6.8

2.41.4 0.6

3.2

1.7 0.8

1.4

2.31.7

13.8

11.5

9.9

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

2012 2013 2014

Annual Change

(%)

Residential property Hire purchase Personal use

Others* Annual Change (%)

4.49%

3.25%

6.79%

3.85%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Avg lending rate (commercial banks) Average OPR

Average BLR Base rate


1,666.8

85.4%


2010 2011 2012 2013 2014 2015

Total deposits LD ratio

2.5

13.1


2010 2011 2012 2013 2014 2015

New issues of equity New issues of debt

14.8%

12.8%

12.1%

Mar

Jun

Sept

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sep

Dec

Mar

Jun

Sept

Dec

Mar

Jun

Sept

2010 2011 2012 2013 2014 2015

RWCAR Tier 1 CET 1


Beginning January 2013, capital components are reported based on Basel III Capital Adequacy Framework

Basel II Basel IIIRM’bil

RM

’mil

38

Appendix – Banking system data

Capital ratios Capital activities

Loan growth Deposit growth

8.3%

11.1%

9.7%

Mar Jun SeptDec Mar Jun SeptDec Mar Jun SeptDec Mar Jun SeptDec Mar Jun SeptDec Mar Jun Sept

2010 2011 2012 2013 2014 2015

Retail yoy growth Non Retail yoy growthTotal loans yoy growth


0.6 -4.8

3.3 -1.4

-4.0 3.1

-4.0 -0.6

2.7 6.0

7.9 8.8

Source: World Economic Outlook Database October 2015

Real GDP Growth 2014 2015F

0.8%

2.0%

2.5%

3.0%

5.8%

6.3%

Thailand

Singapore

Vietnam

Malaysia

Indonesia

Philippines

-0.9%

0.0%

1.9%

2.2%

2.4%

6.8%

Thailand

Singapore

Philippines

Vietnam

Malaysia

Indonesia

0.0

1.3

0.7

0.4

1.3

-3.3

Vietnam

Singapore

Thailand

Philippines

Indonesia

Malaysia

5.5

31.1

68.8

91.6

101.4

255.5

Singapore

Malaysia

Thailand

Vietnam

Philippines

Indonesia

24.6

25.7

28.8

30.9

31.7

47.4

Vietnam

Philippines

Malaysia

Thailand

Indonesia

Singapore

-3.0

3.8

4.4

4.6

5.4

19.1

Indonesia

Thailand

Philippines

Malaysia

Vietnam

Singapore

39

Appendix – National statistics (ASEAN)

GDP per capita, 2015 (USD)

2,171

2,951

3,416

5,426

10,073

53,224

Vietnam

Philippines

Indonesia

Thailand

Malaysia

Singapore

Unemployment (%) Inflation (%)

CA Balance (% of GDP)Gov Structural Bal (%

of GDP)Population (mil) Savings rate (% of GDP)


• RM48k (USD15k) GNI

per capita

• RM1.7 trillion GNI

• 6% annual GDP growth

GROSS NATIONAL INCOME

JOBS

• 31.6m population

• 3.3m additional jobs

TRANSFORMATIONAL ACTIONS

INVESTMENT

Focus Drivers:

• 12 NKEAs, 131 EPPs

• 60 Biz Opportunities

• Private-sector led

Competitiveness ‘Enablers’

• 6 SRIs & 51 Policy Measures

• RM1.4 trillion investment

• 92% private investment

• 8% public investment

• 73% DDI, 27% FDI

ECONOMIC TRANSFORMATION

PROGRAMME

ETP Overview Achievement of 12 NKEAs in 2013 and 2014

2020Target

2011 2012 2013 2014 To-date% of

Target

Investment (USD’bil) 444.0 94.8 21.7 15.2 14.4 146.1 32.9%

GNI per capita (USD per capita) 15,000 9,710 228 168 320 10,426 69.5%

Job Creation (mil) 3.3 0.2 0.4 0.4 0.5 1.5 45.5%Note:• Scoring is calculated by a simple comparison against set 2013 and 2012 targets respectively. (*) The overall NKEA

composite scoring is the average of all scores.• Data was correct as on ETP announcement date, the ETP is an evolving programme, in the past 2 years, some EPPs

have been dropped, some new ones were added

ETP : Economic Transformation Programme Source ETP Annual Report 2013 & 2014, Resaerch House Report

Tracking of EPPs

NKEAs

2020 Target KPI Scoring*

GNI(RM’bil)

New Jobs 2014 2013

Greater KL/ Klang Valley 190 320,000 103% 98%

Oil, Gas & Energy 131.4 52,300 108% 97%

Financial Services 180.2 275,400 121% 117%

Wholesale & Retail 55.4 454,190 104% 124%

Palm Oil & Rubber 230.9 41,600 106% 78%

Tourism 66.7 497,000 126% 115%

Electrical & Electronics 53.4 157,000 104% 105%

Business Services 78.7 245,000 96% 102%

Communications Content & Infrastructure

57.7 43,162 110% 101%

Education 31.8 535,000 116% 102%

Agriculture 28.9 109,335 120% 98%

Healthcare 35.3 181,000 105% 103%

40

Appendix – Economic Transformation Programme


Glossary / Disclaimer of warranty and limitation of liability

Reported PerformanceReported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market

One OffsOne offs comprise those impacts on financial performance that arise from changes to :

• accounting and provisioning policies (eg 5 and 7 year rules)• differences between economic and accounting hedges• prior period catch ups (eg backdated salary costs)• strategic investments and divestments (eg ANZ partnership), and • tax and regulatory regimes (eg deferred tax asset write off due to reduction in corporate tax rates)

Underlying PerformanceUnderlying performance refers to the financial performance adjusted for one off impacts as above

Business DivisionsBusiness divisions

• comprise AmBank Group’s core operating businesses that generate profits from direct customer transactions and interactions• have relatively more stable income streams, incur the bulk of the costs and typically have a lower risk profile• in most instances have market shares and growth metrics that can be measured and benchmarked externally

Operating SegmentsOperating segments

• have more volatile and lumpy income streams, with the former a direct function of risk appetite • include

• income and expenses associated with shareholder funds, loan rehabilitation and legacy businesses, plus• costs associated with corporate, shared services and governance functions currently not charged back to the business units

The information provided is believed to be correct at the time of presentation. AMMB Holdings Berhad or AMMB Holdings or “AMMB” or its affiliates do not make any representation or warranty, express or implied, as to the adequacy, accuracy, completeness or fairness of any such information and opinion contained and shall not be liable for any consequences of any reliance thereon. Neither AMMB Holdings nor its affiliates are acting as your financial advisor or agent. The individual is responsible to make your own independent assessment of the information herein and should not treat such content as advice relating to legal, accounting, and taxation or investment matters and should consult your own advisers.

Forward looking statements are based upon the current beliefs and expectations of the AMMB Holdings and are subject to signif icant risks and uncertainties. Actual results may differ from those set forth in the forward looking statements. AMMB Holdings does not undertake to update the forward looking statements to reflect impact of circumstances or events that may arise after the date of this presentation.

The information in the presentation is not and should not be construed as an offer or recommendation to buy or sell securities. Neither does this presentation purport to contain all the information that a prospective investor may require. Because it is not possible for AMMB Holdings or its affiliates to have regard to the investment objectives, financial situation and particular needs of each individual who reads the information contained thus the information presented may not be appropriate for all persons.

The information contained is not allowed to be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person or published electronically or via print, in whole or in part, for any purpose.

The term "AMMB Holdings" and “AmBank Group” denotes all Group companies within the AMMB Holdings Group and this Disclaimer of Warranty and Limitation of Liability policy applies to the financial institutions under AMMB Holdings.

Disclaimer of Warranty and Limitation of Liability


Glossary / Disclaimer of warranty and limitation of liability

The material in this presentation is general background information about AmBankGroup’s activities current at the date of the presentation. It is information given insummary form and does not purport to be complete. It is not intended to be relied uponas advice to investors or potential investors and does not take into account theinvestment objectives, financial situation or needs of any particular investor. Theseshould be considered, with or without professional advice when deciding if an investmentis appropriate.

For further information, visit www.ambankgroup.com;

or contact

Ganesh Kumar Nadarajah

Executive Vice President, Group Finance – Business Performance & Investor Relations

Tel: +603 2036 1435

Fax: +603 2031 7384

Email: [email protected] /

[email protected]

http://www.ambankgroup.com/

mailto:[email protected]

mailto:[email protected]

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