Aiming to be Top 4
F Saad | 01 Dec 2017 00:30
AmBank hopes its four-year transformation programme will see it surface as one of the four top banking groups in the country

AMMB Holdings Bhd (AmBank Group) is on track to achieve its goal of being among the top four banking groups in the country by market capitalisation. It is currently the sixth largest.

This will intensify competition in the local scene as other banks up their ante for market share amid a challenging economy.

Meantime, banks are also gearing up for a changing world banking landscape. By 2020, growth of banks will be governed by key factors such as product penetration, changing consumer tastes, e-wallets and new regulations.

As for AmBank group, it has gone past a recently failed merger exercise and is now banking on the firm foundation it put in place through its transformation programme called Top 4.

Driving this journey are its founder and chairman Tan Sri Azman Hashim (who many in banking circles consider a “builder”) and group CEO Datuk Sulaiman Mohd Tahir.