In the third quarter of the financial year 2024, AmBank’s performance was uplifted by a one-off tax credit of RM537.6 million. Overall, the one-off items for the quarter contributed a net benefit of RM135.1 million to profit after tax and minority interest. For the nine-month period, the group’s net profit stood at RM1.39 billion, compared to RM1.28 billion in the same period of the previous financial year, while revenue was recorded at RM3.48 billion, down from RM3.55 billion in the previous corresponding period. AmBank noted that while total income for the period slightly decreased to RM3.48 billion, income from its continuing operations remained largely unchanged at RM3.43 billion. Consequently, net interest income (NII) for the period declined by 8.7% to RM2.48 billion, partially offset by robust growth of 19.2% in non-interest income (NoII) to RM995.8 million.
