KUALA LUMPUR (Feb 24): AMMB Holdings Bhd's net profit in the third quarter ended Dec 31, 2016 (3QFY17) increased 4.3% to RM313.17 million from RM300.15 million a year ago, primarily due to higher net interest income which grew by 5% on higher net interest margin of 2.02%, reflecting active margin management. "We continue to actively manage our net interest margin (NIM) and this has translated to stabilised NIM as well as higher net interest income this quarter. Fee income was up quarter-on-quarter from investment banking and loans related fees," AMMB group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir said in a statement. Separately, AMMB also announced the appointment of Raja Teh Maimunah Raja Abdul Aziz as the CEO of AmInvestment Bank Bhd and managing director of Wholesale Banking. At the same time, AMMB has also appointed Jeroen Thijs, formerly from Bank Islam Malaysia Bhd, as group chief risk officer.

Source: The Edge Markets February 24, 2017 05:48 UTC