Wikipedia
AMMB Holdings Berhad or also known as '''AmBank ''' is a financial services group in Malaysia whose core businesses are retail banking, wholesale banking, islamic banking, and life and general insurance.
The group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmIslamic Bank, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 179 branches and 884 ATM machines in Malaysia (as stated in its Annual Report 2014).
AmBank Group was founded in 1975 as Arab-Malaysian Development Bank, by Merchant Banking pioneer, Hussain Najadi via his holding company AIAK (Arab Investments for Asia Kuwait). He brought the bank public via the Kuala Lumpur Stock Exchange (KLSE) in 1981.
Tan Sri Azman Hashim, the current group chairman, has an interest of 14.01% in AMMB Holdings as at 30 June 2014. The single largest shareholder in AMMB Holdings is Australia's ANZ Group with an interest of 23.78% as at 30 June 2014. In 2006, Amcorp's interest in AMMB was reduced to 18.8% from 32.9% after the Tan Sri Azman sold 300 million shares to ANZ Group.