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 2024

Industry: Financial Services

Net Profit: RM1.87 billion

The net profit of AMMB Holdings Berhad increased for FY2024 to RM1.87 billion from RM1.74 billion during the previous financial year.

Profit Growth (YoY): 9.3%

AMMB Holdings Berhad reported a year-on-year net profit growth of 9.3%.

Dividend Payout: RM0.61 billion

The Group declared an interim dividend payout of RM605 million, equivalent to 6 sen per share for FY2024.

Zakat Fund: RM1.75 million

AMMB contributed a total Corporate Zakat of RM1.75 million in FY2024.

Community Investment: RM0.90 billion

Total community investment made by AMMB during FY2024, was RM901,584, benefiting over 17,229 people.

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
11	Financial Industry Collective Outreach (FINCO	RM0.34M	Education	N/A	15,532 youth	- Extended programmes on English proficiency, life aspirations and financial literacy. - Conducted disaster relief activities, including cleaning school compounds post-floods in Pahang, involving about 200 volunteers. - Enrolled 10 additional schools in the financial literacy programme, Good SENS, with an investment of over RM100,000. - Engaged AmBank Group senior management and the Group CEO to serve as judges for student pitches, promoting social enterprise concepts, financial planning and ESG principles. - Delivered a talk by our GCEO to secondary students at the FINCO Aspire Workshop.
14	The Lost Food Project (TLFP) Sponsorship	RM50k	324,835 meals saved and 284,211kg CO2 prevented	N/A	Welfare	For the third consecutive year, AMMB continued its collaboration with TLFP to reduce food waste by rescuing surplus, nutritious food and redistributing it to vulnerable communities. Employees played a crucial role by sorting fresh produce at the TLFP warehouse, with over 50 volunteers regularly rescuing bakery bread.
1	AMBANK VOLUNTEERING NETWORK (AVN)	N/A	Volunteer Programme	N/A	Community	Central to AmBank Group’s corporate culture is the AmBank Volunteering Network (AVN), a comprehensive platform that brings together and streamlines our volunteer initiatives. It acts as a central hub for all volunteering activities, providing tools for event registration and volunteer hour tracking, ensuring a seamless and rewarding experience for all participants. Employees are also given three days of paid leave annually to participate in charitable work or sustainability projects.
2	AmBank CSR Programme at Zoo Melaka	RM40k	N/A	N/A	Zoo Negara 100 volunteers	AMMB expanded its sponsorship at Zoo Melaka by adopting two orangutans and providing financial support for their care and conservation.
3	Grow, Green, Groom at Zoo Negara	RM50k	800 seedlings	N/A	Environment	AMMB planted over 800 seedlings, cleaned enclosures, and renewed its sponsorship for three Dromedary Camels.
4	Coral Reef Restoration with Reef Check Malaysia (RCM)	RM30k	200 corals	N/A	Marine Life	AMMB focused on protecting coral reefs near Pulau Tioman by planting 200 corals and constructing coral blocks, enhancing marine biodiversity and supporting the local community.
5	Mangrove Restoration with Kelab Belia Prihatin	RM30k	350 saplings	N/A	Environment	AMMB planted 350 mangrove saplings and collected 690kg of garbage at Mangrove Point, Port Klang, contributing to carbon footprint reduction.
6	Sabah Japan Forum and Kota Kinabalu Matsuri	RM0.2M	N/A	N/A	Community	AMMB supported the Sabah Japan Forum & Kota Kinabalu Matsuri, a platform aimed at creating positive and sustainable long-term impacts on Sabah’s economy.
7	Business Zakat Contributions	RM1.75M	N/A	N/A	1,211 entrepreneurs	A total of RM1,747,040 was distributed through various initiatives as business zakat contributions. Under the iTEKAD 2.0 initiative, RM400,000 was channelled to 168 asnaf entrepreneurs across Johor, Perak, Penang, Kedah, and Perlis, providing seed capital, microfinancing, and capacity-building. RM345,133.52 supported 671 eligible asnaf recipients, including university and ACCA students, for food and education needs. Medical assistance of RM132,177.44 was allocated to two medical centres to cover treatment, medication, and equipment for asnaf patients. Charity support of RM371,729.04 went to five associations for essential expenses and two Islamic organisations for religious programmes. Additionally, RM498,000 was paid to state zakat collection centres to aid asnaf groups in improving their socio-economic status.
8	Women Economic’s Empowerment with Ibupreneur	RM10k	Educational workshop	N/A	37 mothers	AMMB offered comprehensive entrepreneurship training covering baking skills, marketing, budgeting and technology. It also provided sustainable platforms for their businesses, including sales booths at corporate offices and an online shopping platform. In addition, a Batik Donation Drive enabled these women to upcycle donated batik into products for additional income.
9	Donation for Tabung Kebajikan Pasaran Modal	RM30k	Sponsorship	N/A	Youth	AMMB, in a joint effort with key industry associations and supported by the Securities Commission Malaysia and Bursa Malaysia Berhad, established the Tabung Kebajikan Pasaran Modal. This initiative offers financial aid to deserving B40 students, helping them pursue education and develop skills for the job market.
10	Ramadhan and Hari Raya Aidilfitri CSR Programme	RM0.19M	Welfare	N/A	1,100 families	AMMB partnered with Amanah Ikhtiar Malaysia (AIM) to distribute food hampers worth RM75,000 to 500 asnaf families nationwide. Additionally, under the AmBank School Adoption Programme, AMMB provided hampers worth RM90,000 to 600 selected B40 students from various schools across Malaysia, ensuring they had the resources needed to celebrate the festive season.
12	Hari Raya Aidilfitri Charity Shopping Session	RM42k	Welfare	N/A	100 asnaf and students	AMMB sponsored 100 asnaf and B40 students from SK (2) Kuala Ampang, providing each student with RM200 for Raya clothes, bags, shoes and other essentials. These students also attended the Majlis Berbuka Puasa Kumpulan AmBank with KAG at Dewan Perdana Felda.
13	Deepavali CSR Programme with SJK (T) Desa Cempaka, Nilai	RM36k	Education	N/A	86 students and 10 teachers	AMMB organised Deepavali activities such as henna drawing and face painting for students at SJK (T) Desa Cempaka, Nilai. To further enhance their learning experience, AMMB also donated Smart-TV units to the school, benefiting both students and teachers.
15	Kelab AmBank Group (KAG) Treasure Hunt Donation	N/A	Welfare	N/A	100 families	During its Sports Club annual treasure hunt, AMMB employees sourced items such as rice, sugar, soy sauce, biscuits, Milo and cooking oil, which were donated to Pertubuhan Peduli Insan Malaysia for distribution to the B40 community in Sungai Ara, Penang.
16	Mercy Humanitarian Fund – Turkiye Tabung AmMercy – AmBank Group Employees Donation	RM80k	Donation	N/A	Community	In response to the devastating 7.8-magnitude earthquake in Turkey, AMMB initiated a donation drive among employees to support the MERCY Malaysia Turkey-Syria 2023 Earthquake Response Fund, which included food and medication assistance.
17	Spreading the Joy of Christmas to Terminally Ill Children under National Cancer Society of Malaysia	RM5.8k	Education	N/A	43 children	At the Children’s Home of Hope in KL, AMMB set up a play area with educational board games and hosted a hi-tea with the children and their families, accompanied by a Santa Claus clown. Special Christmas gifts were provided for each child. Similarly, at the Caritas Home of Hope in Ipoh, AMMB created a play area with educational board games, and volunteers from Perak branches spent time with the children.
18	Welcoming the Year of Dragon with Senior Citizens	RM7.7K	Welfare	N/A	140 residents	AMMB reached out to senior citizens aged 60 to 95 years old at Silver Jubilee Home in Penang, donating two 65” Smart TV units and two carrom boards during the visit.
19	The Flawed Beauty, Flawless Prosperity,” Yee Sang boxes in collaboration with TLFP	N/A	Welfare	N/A	10 old folks home	AMMB created unique Yee Sang boxes made with less-than-perfect ingredients and delivered them to selected old folks’ homes and orphanages. Total beneficiaries: 10 old folks’ homes and orphanages in Klang.

Shows an increase monetarily or the number of beneficiaries from 2023 report.

Shows a decrease monetarily or the number of beneficiaries from 2023 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 2024 Annual and Sustainability Report. Email correspondence was made between 1 November – 20 November 2025 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 community investments of RM901,584 in FY2024, representing a 0.05% profit-to-giving ratio, which was higher than the previous financial year. A significant share of contributions was allocated to education and welfare initiatives, each accounting for 35.3%, followed by environmental initiatives at 23.5%.

Notable initiatives included the women’s economic empowerment programmes such as Ibupreneur, as well as festive welfare initiatives. AMMB’s community investments impacted over 17,000 individuals. In terms of beneficiary focus, 35.3% of contributions targeted youth, followed by the community at large (29.4%) and environmental beneficiaries (11.8%). However, AMMB Holdings Berhad did not disclose any employee volunteer hours in its annual or sustainability reports.