WHO'S THE MOST CHARITABLE?

How AMMB Holdings Berhad Gives Back To Society?

AMMB Holdings Berhad

AmBank Group is a leading financial services group with over 40 years of expertise in supporting the economic development of Malaysia. Ambank has over three million customers and employ over 8,000 employees. AMMB are the sixth-largest banking group by assets in Malaysia, with a market capitalisation of more than RM12 billion as at 31 March 2023.

Their Focus 8 strategy continued to deliver results across all our lines of business, underpinned by AmBank’s unrelenting efforts to meet the needs of our customers while keeping a firm hand on steering the Bank towards better profitability, efficiency and more robust sustainability practices.

Fiscal Year-End: 31 March 2023

Industry: Financial Services

Net Profit: RM1.74 billion

The net profit of AMMB Holdings Berhad increased for FY2023 to RM1.74 billion from RM1.50 billion during the previous financial year.

Profit Growth (YoY): 15.46%

SDP reported a positive net profit growth year on year of 15.46%.

Dividend Payout: RM0.88 billion

The Group declared a higher dividend payout ratio for FY2023 at 61% which amounts to RM886 million or 13 sen per share.

Zakat Fund: RM1.74 million

AMMB contributed a total Corporate Zakat of RM1,747,040 in FY2023.

Cash Giving: RM0.69 million

Total cash contributions made by AMMB during FY2023, was RM698,950. This contribution was made through community investment benefiting over 21,943 people.

In-kind Giving: N/D

Total in-kind contributions are not defined due to incomplete data. However, contributions are still accounted for under the RM0.69 million contribution made through community investment.

Employee Volunteer Hours: N/A

The total employee volunteer hours was not detailed by AMMB Holdings Berhad in their sustainability report.

AMMB Holdings Berhad:
Cash, In-Kind and Employee Volunteer Hours

No.	Contribution	Cash Giving	In-kind Giving	Employee Volunteer Hours	Beneficiaries		Recurring Beneficiaries
1	FINCO	RM0.18M	N/A	N/A	Underprivileged children and youth	AMMB donated RM187,500 to provide underprivileged children and youth with educational tools and other life goals guidance.
2	FINCO	N/A	Computers, tables with internet data subscription	N/A	9 schools	AMMB also sponsored nine additional schools under the Adoption Programme assigned by BNM. AMMB contributed decommissioned computers and tables with internet data subscription to be used by participating schools under the programme. As a result of their active participation as a member, AMMB was presented with two awards by FINCO in 2022.
3	FINCO Good SENS	RM0.15M	N/A	N/A	360 students	Participated as a panel judge in The Dragon’s Den Competition. Participants of the competition consisting of primary school students aged between 10 and 12 years old were tasked to pitch their social enterprise ideas. AMMB contributed RM157,950 for the competition, which benefitted 360 students
4	FINCO Career Insights Career Fair	N/A	Educational event	N/A	9,412 visitors	AmBank participated in the event aimed to improve students’ understanding of career opportunities, the skills and behaviours valued by employers and pathways in order to secure high value employment. The event was held in nine states nationwide, namely Pulau Pinang, Melaka, Perak, Johor, Putrajaya, Pahang, Kuala Lumpur, Kedah and Perlis. AMMB's involvement included opening consultation booth and financial literacy talk and they were able to reach out to 9,412 visitors.
5	FINCO Aspire Workshop	N/A	Educational workshop	N/A	201 students	AmBank participated in various programmes including the Who Am I Workshop, Interview Workshop, My Aspiration Workshop and Budgeting Workshop. The programme benefitted 201 secondary school students from FINCO schools.
6	FINCO CEO Volunteering Month 2022	N/A	FINCO Programme	N/A	116 students	AMMB's Group Senior Management supported the FINCO programme by volunteering as speakers, benefitting 116 secondary school students under the FINCO Life Aspiration and Financial Literacy Pillar. In some of the sessions, AmBank Group was represented by Group CEO, Dato’ Sulaiman Mohd Tahir and AmBank Islamic CEO/ Group Sustainability Champion, Eqhwan Mokhzanee.
7	Talk on Financial & Investment Literacy Programme	N/A	Financial literacy programme	N/A	100 students	Collaborated with Bursa Malaysia to deliver a talk on Financial & Investment Literacy Programme to 100 students from the International Islamic University Malaysia (IIUM), under Bursa's Sens-Ability Programme	Increase
8	Malaysian Finance Expert Convention (MFEC) 2022	RM2.00k	N/A	N/A	580 students	AmInvestment Bank sponsored RM2,000 for MFEC 2022, which was organised by University Malaya Finance Association. Participating as speakers at the convention, AmInvestment Bank also held a knowledge-sharing session with 580 students on Ultimate Stock Picking Strategies Workshop conducted on 3 April 2022.
9	AmBank Literacy Programme in collaboration with MYReaders	RM0.01M	N/A	N/A	20 students	Partnered with MYReaders to develop children’s reading skill through one-on-one sessions. The six-month programme aims to enhance the English language proficiency among primary school students through a literacy toolkit with a tested and proven syllabus structure. Twenty students from Pertubuhan Rahoma Darul Fakir Malaysia took part in the programme, which included reading sessions with AmBank volunteers through Google Meet. AmBank invested RM14,900 into this initiative.
10	AmBank and Big Bad Wolf (BBW) Community Based Library	RM0.03M	N/A	N/A	5,643 beneficiaries	Supported the Big Bad Wolf Charity event by sponsoring the purchase of books for flood affected families and book inventories in existing schools as well as community centres. AMMB also assisted BBW to set up 10 stations in selected schools or ‘tabika’ nationwide. AmBank contributed RM35,000 for the programme, which promotes reading and English literacy and impacted 5,643 beneficiaries
11	Community Outreach and Welfare The Lost Food Project (TLFP)	RM0.03M	N/A	N/A	TLFP	Continued to partner with TLFP to reduce food wastage and be part of the solution in eliminating hunger among the B40 community. AMMB sponsored RM39,600 for the rental of the warehouse for 12 months.
12	Pusat Kebajikan Masyarakat Kuching	RM0.02M	N/A	N/A	Disaster victims	Contributed financial assistance of RM20,000 via the Pusat Kebajikan Masyarakat Kuching to rebuild homes for fire victims and for the hardcore poor in Santubong, Sarawak
13	AmBank AmKasih Ramadhan Raya CSR Programme 2022	N/A	Food aid	N/A	1,100 beneficiaries	AMMB assisted 1,100 beneficiaries of asnaf families from Amanah Ikhtiar Malaysia and asnaf students from AmBank adopted schools through the provision of food aid.
14	Japan Matsuri Festival, Tawau	RM5.00k	N/A	N/A	Public	AMMB sponsored RM5,000 for the event, which seeks to create public awareness on the 100-year old Japanese heritage and other historical assets in Tawau, Sabah.
15	Malaysian Zoological Society	RM0.05M	N/A	N/A	Animals	AMMB renewed their Camel Sponsorship from 2021 towards the upkeep of three Dromedary Camels at Zoo Negara. They donated RM50,000 for the initiative.
16	Sustainability Talk Series	N/A	Educational talk	N/A	200 students	AMMB conducted a series of sustainability talks for approximately 200 students in collaboration with the International Islamic University Malaysia (IIUM). The Sustainability Talk Series aimed to provide students with a comprehensive understanding of sustainability and inspire them to incorporate these principles into their studies. One of the talks, titled “Why ESG,” was presented by Tracy Chen, CEO of AmInvestment Bank. Chen emphasized the significance of Environmental, Social, and Governance (ESG) factors for companies and discussed how focusing on sustainable business practices contributes to long-term success and sustainability. Shazman Shahid, Head of Group Communications and Marketing at AmBank, delivered a presentation on financial literacy. He shared key statistics on financial literacy in Malaysia and underscored the importance of personal financial management for students. Faradina Ghouse, Group Chief Compliance Officer at AmBank, led two sessions on ethics. In these talks, she explored how ethical practices in business can lead to success and conversely, how unethical behavior can adversely affect individuals and organizations. The intention behind these sessions was to instill a sense of responsibility in students and encourage them to contribute to creating a better world.
17	University in Action Symposium	N/A	173 community engagement projects	N/A	3,420 students	Collaborated with IIUM to hold the symposium, which showcased 173 community engagement projects that were designed and presented by the 3,420 IIUM students. The community projects were developed to encourage students to learn and create positive impacts to the community, providing them with first-hand experience to better balance their lifestyle with the well-being of the environment. AmBank’s Head of Group Sustainability, Datin Zameema Ariff was one of the panel jury members for the presented projects
18	Zakat collection centres	RM1.74M	N/A	N/A	Beneficiaries	AmBank Group allocated RM1,747,040 for business Zakat during the period. Of this amount, RM498,000 was paid to state zakat collection centers, which supported various asnaf groups and contributed to improving their socio-economic status. The remaining RM1,249,040 was distributed to eligible recipients across several areas. This included education assistance, such as support for university students and underprivileged learners. Economic empowerment was another key focus, with funding directed towards the iTEKAD program by AmBank Islamic and support for micro-entrepreneurs. Additionally, contributions were made to charity associations for Islamic development programs and cash assistance was provided to charity homes.
19	iTEKAD	RM0.28M	N/A	N/A	Community	iTEKAD is a collaboration between AmBank Islamic, Teraju Ekonomi Asnaf (TERAS) under Majlis Agama Islam Selangor (MAIS), and Majlis Agama Islam Negeri Sembilan (MAINS). Launched on 21 March 2023, it comprises three components: Seed Capital – RM200,000 (Business Zakat of RM100,000 and a matching grant of RM100,000 from the Ministry of Finance (MOF)/BNM), Microfinancing – RM100,000, and Capacity Building – RM80,000 (Business Zakat). This maiden initiative aims to support asnaf microentrepreneurs through the generation of sustainable income, to boost their business and digital capacity.

Shows an increase monetarily or the number of beneficiaries from 2022 report.

Shows a decrease monetarily or the number of beneficiaries from 2022 report

1. The numerical value for total cash and in-kind giving was calculated based on individual monetary mentions in the Annual and Sustainability report.

2. The information above is derived from AMMB Holdings Berhad’s 2023 Annual and Sustainability Report. Email correspondence was made between 12 June – 30 July 2024 to seek further clarification, however, no reply was received.

This independent report is produced without sponsorship from any organisation. The objective of the Bursa Top 20 is to promote philanthropy and encourage charitable giving among for-profit organisations.

Highlights From AMMB Holdings Berhad's Giving

Focus Areas of AMMB Holdings Berhad

Beneficiaries of AMMB Holdings Berhad

AMMB Holdings Berhad reported a cash contribution of RM698,950 towards community investment, which represents 0.04% of their cash-to-profit ratio. The majority of their contributions were directed towards education, accounting for 57.9%, followed by sponsorships at 21.1% and welfare at 10.5%. Notable initiatives included the Financial Industry Collective Outreach (FINCO) and the AmBank Literacy Programme. AMMB’s community investment impacted 21,943 lives. Of their contributions, 68.4% were targeted at youth, 21.1% at the broader community, and 5.3% equally split between animal welfare and disaster victims. In their efforts related to youth, AmBank organized various literacy programs, including the Talk on Financial & Investment Literacy Programme, the FINCO Aspire Workshop, and the FINCO Career Insights Career Fair. However, AMMB Holdings Berhad did not report any employee volunteer hours in their annual or sustainability report.