KUALA LUMPUR: AMMB Holdings Bhd's (AmBank) net profit rose 8.9 per cent to RM529.58 million in the third quarter ended Dec 31, 2025 (Q3 FY26) from RM486.49 million a year ago, driven by improvements in net interest income and non-interest income.
AmBank's revenue for the quarter climbed 3.1 per cent to RM1.28 billion from RM1.24 billion in the corresponding quarter last year.
For the cumulative nine-month period (9MFY26), AmBank's net profit rose 6.3 per cent to RM1.58 billion from RM1.49 billion in the same period in FY25.
Its revenue for the period came in at RM3.86 billion from RM3.65 billion.
Non-interest income grew 10 per cent to RM1.07 billion in the period from higher securities trading gains from group treasury and markets, and strong performance from insurance business.
Total gross loans, advances and financing increased 2.7 per cent to RM142.7 billion due to healthy growth from business banking and wholesale banking.
On a year-on-year (YoY) basis, the group's total gross loans, advances and financing grew 4.1 per cent, due to strong growth in wholesale and business banking.
Gross impaired loans (GIL) ratio increased to 1.76 per cent mainly from business banking while total customer deposits grew 1.5 per cent to RM143.7 billion.
However, the current account savings account (CASA) dropped 5.5 per cent to RM48.2 billion.
On a YoY basis, AmBank's customer deposits grew 3.8 per cent with increases seen in both time deposits and CASA.
Earnings for retail banking dropped to RM149.8 million mainly due to lower income and higher operating expenses, offset by lower net impairment charge.
This segment's repositioning remains on track, as demonstrated by improved QoQ performance.
Income fell marginally to RM1.07 billion due to a decline in net interest income from margin compression in deposits and mortgage, along with a 6.3 per cent decline in non-interest income mainly due to softer retail distribution.
Gross loans, advances and financing fell slightly by 0.7 per cent YoY to RM67.5 billion mainly due to decline in auto financing, partially offset by growth in mortgages.
GIL ratio was higher YoY at 1.83 per cent, while total deposits increased 3.3 per cent YoY to RM57.5 billion.
Additionally, earnings for business banking dropped 20.1 per cent YoY to RM486.6 million due to higher expenses and net impairment charge.
Meanwhile, its wholesale banking's net profit grew 39.1 per cent driven by higher income and higher net impairment writeback.
AmBank group chief executive officer Jamie Ling said the domestic economy has been resilient despite geopolitical uncertainties globally.
"We are focussed on delivering another consistent quarter to close out the FY26 financial year strongly," he added.