AMMBArab-Malaysian Merchant Bank
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Upon receipt of regulatory approvals and satisfaction of certain other conditions, the proposed transaction will result in MetLife owning a fifty percent plus one share in AmLife with the remaining shares to be owned by AMMB, and AMMB owning a fifty percent plus one share in AmTakaful with the remaining shares to be owned by MetLife.
American insurance provider, MetLife Inc (NYSE: MET) is relying on the capabilities of AMMB Holdings Bhd's insurance arm to expand its reach in Malaysia.
Summary This SWOT Analysis company profile is a crucial resource for industry executives and anyone looking to quickly understand the key information concerning AMMB Holdings Berhads business.
AMMB Holdings' fund management arm said the new releases have been made to meet investors' demand for higher risk funds and a greater yield than fixed deposit rates.
The financial institution ratings of AmIslamic reflect its strategic importance as the AMMB Holdings Berhad's (rated 3/Stable/P1) Islamic banking arm and the Bank's highly integrated operations with its sister bank, AmBank (M) Berhad (AmBank, rated 2/Stable/P1) under a universal-banking platform.
Stronger earnings at CIMB, RHB Capital and AMMB Holdings will contribute to the acceleration of growth from last year's 7 percent to 11 percent in 2014, according to HwangDBS Vickers.
A publicly owned company, AMRESCO's common stock trades on the Nasdaq Stock Market under the symbol AMMB.
AMMB Holdings Bhd (AmBank Group) and US-based MetLife Inc have introduced two insurance brands as a result of their strategic partnership.
Malaysia's AMMB Holdings Bhd has sold part of its stake in its insurance and Takaful businesses to American insurer MetLife Inc.
The corporate credit rating of their holding company, AMMB Holdings Berhad (together with its subsidiaries, known as the AmBank Group), has also been upgraded, from A1/Positive/P1 to 3/Stable/P1.
The Finance Minister and Bank Negara has given approval to AMMB Holdings Bhd s wholly-owned subsidiary, AMAB Holdings Sdn Bhd, and MetLife Inc s unit, MetLife International Holdings,for a strategic partnership involving AmLife Insurance Bhd and AmFamily Takaful Bhd.
Malaysian stock broking firm, AMMB Holdings, has announced that an additional provision of MYR40m had been set aside to cover clients' trading losses at its Singapore stock broking arm.