WHO'S THE MOST CHARITABLE?

How Malaysia's Biggest Public Companies Give Back To Society?

AMMB Holdings Berhad

AMMB Holdings Berhad is Malaysia’s foremost financial services conglomerate, offering more than four decades of expertise in fostering the economic advancement of the nation. The Group specializes in a diverse range of financial services encompassing wholesale banking, business banking, retail banking, investment banking and related financial solutions. With a clientele exceeding 3 million individuals and a workforce exceeding 9,000 employees, AMMB is deeply ingrained in the financial landscape. The Ambank Group integrates environmental, social and governance (ESG) considerations, including climate-related risks and efforts against bribery and crorruption, into their strategies, operations and business endeavours. This integration is aimed at benefiting stakeholders while ensuring the Group’s relevance and profitatbility endure over time. AMMB’s primary sustainability themes encompass Responsible Banking, Ethical Conduct and Favourate Societal Influence.

Fiscal Year-End: 31 December 2022

Industry: Financial Services

Net Profit: RM1.50 billion

The net profit of AMMB Holdings Berhad for FY2022 is RM1.5 billion.

Profit Growth (YoY): 180.68%

AMMB suffered a profit loss in FY2021 thus the year on year net profit growth is at 180.68%.

Dividend Payout: RM165 million

The Group’s dividend payout ratio is at 11%.

Zakat Fund: RM0.99 million

AMMB contributed a total Corporate Zakat of RM991,087 in FY2022.

Cash Giving: RM1.35 million

Total cash contributions made by AMMB during FY2022, was RM1,359,650. This contribution was made through community investment.

In-kind Giving: N/A

Total in-kind contributions are accounted for under the RM1.35 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
1	Community Investment	RM1.35M	N/A	N/A	550,286 beneficiaries	The total community investment by AMMB Holdings Berhad in FY2022 is RM1,359,650 which impacted 550,286 people.
2	Entrepreneurial Stewardship	RM0.28M	N/A	N/A	71 small traders	RM283,000 was distributed to 71 small traders who fall under asnaf category to upgrade and grow their business. They received assistance in the form of cash grants of up to RM5,000 to purchase items/equipment for their business.
3	Food Aid	N/A	Food hampers worth RM75.0k	N/A	500 families	Contributed food hampers worth RM75,000 in collaboration with Amanah Ikhtiar Malaysia (AIM) to 500 Asnaf families with a monthly income of less than RM600.
4	AmBank AmKasih Flood Relief Programme	N/A	Back to school kits	N/A	600 students	Provided 600 students with back-to-school kits to students from SK Taman Sri Muda, Shah Alam, a school which was badly affected by the floods in December last year. SK Taman Sri Muda is part of our school adoption programme under Bank Negara Malaysia.
5	Sponsorship to Universiti Teknologi Malaysia (UTM)	N/A	4,000-meter polymer pipe	N/A	500 villagers	Supported University Social Responsibility (USR) organised by UTM in assisting flood victims in Yan, Kedah. The programme aimed to install a 4,000-meter polymer pipe in Kampung Pauh, Yan, Kedah so that 500 villagers can receive clean water supply
6	Healthcare Assistance to Public Hospitals	N/A	Medical Equipment worth RM0.55M	N/A	Community	Assisted Hospital Tuanku Ja’afar Seremban with about RM550,000 worth of medical equipment as part of the Group’s initiatives to assist medical front liners in coping with the surge in COVID-19 cases in Negeri Sembilan.
7	Remote Learning	N/A	Online learning devices worth RM50.0k	N/A	55 students, 12 schools	Supported Yayasan Raja Zarith Sofiah Negeri Johor COVID-19 disaster relief initiative by contributing RM50,000 for purchase of online learning devices to students in need. Tablets with one-year internet data subscriptions were also distributed to 55 needy students from 12 primary schools in Johor
8	FINCO Good SENS 2021	N/A	Financial literacy initiative and 20 computers	N/A	3 schools	Participated in FINCO’s new pilot programme, FINCO Good SENS (Social Enterprise Network for Schools), in which we acted as a financial mentor to three schools – SK Taman Cendana, Pasir Gudang Johor, SK Parit Haji Adnan, Pekan Nanas, Pontian, Johor and SK Palong 9, Gemas, Negeri Sembilan. We also contributed 20 decommissioned computers to FINCO to be used by the participating schools under this programme
9	FINCO COVID-19 Relief Initiative & Financial Literacy Talk	N/A	Financial literacy sessions	N/A	2 schools	Conducted financial literacy session in SMK Sg Ara, Bayan Lepas and SMK Tun Syed Sheh Barakbah, Seberang Prai to provide awareness and an overview on various financial skills, including personal financial management, budgeting, and investing
10	FINCO CEO Volunteering Month 2021	N/A	Financial literacy initiative	Senior Management volunteer	Community	Senior Management volunteered as a speaker in FINCO Volunteering Month and shared insights on how to earn more, manage finances, and avoid bankruptcy
11	Greening the Earth	N/A	Planted 780 trees	N/A	Environment	Collaborated with Yayasan Hijau Malaysia (YHM) in tree planting programme, in which we have committed to planting 780 trees. Through this programme, we aim to increase awareness on the importance of forest conservation.
12	SMK Tun Syed Sheh Barakbah	N/A	Financial literacy sessions	N/A	145 teachers	AmBank Islamic staff conducted a talk on “Prudent Financial Management/Pengurusan Kewangan Berhemat” to provide awareness on the basics of financial managements, tips and planning, with 130 – 145 teachers involved.
13	Legacy Planning Forum (IIUM)	N/A	Educational session	N/A	100 students	Co-organised a virtual Legacy Planning Forum for IIUM Ahmad Ibrahim Kulliyyah of Laws (AIKOL) students. Around 100 AIKOL students participated in the forum, with speakers and a moderator from AmBank Islamic Shariah Committee members, and a representative from Amanah Raya Berhad.

⬆️– shows an increase monetarily or the number of beneficiaries from 2021 report

⬇️ – shows a decrease monetarily or the number of beneficiaries from 2021 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 2022 Annual and Sustainability Report. Email correspondence was made between between 20 April – 3 July 2023 to seek further clarification, however, no reply was received.

Focus Areas of AMMB Holdings Berhad

Beneficiaries of AMMB Holdings Berhad

AMMB Holdings Berhad contributed RM1.35 million in community investment during FY2022. The top focus areas from the group’s giving are in Education and Welfare at 25% of total community invesment each. AMMB’s giving initiatives contributed towards education included multiple financial literacy programmes. The main beneficiaries that were positively impacted by the Group’s giving initiatives were the Community and Youth. A large portion of givings benefited the Community as it was catered for a specific group that shared the same characteristics to improve their well-being such as food aid given to underprivileged families.