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AmBank Group was founded in 1975 as Persian - Malaysian Development Bank by Hussain Najadi, the Founder. 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 a stake of 23.78% as at 30 June 2014.
www .ambank .com. AM Bank (or Al-Mawarid Bank, Arabic: بنك الموارد) is a Lebanese medium-size bank that was established in 1980, [1] [2] [3] by Salim Khaireddine, Maroun Kissirwani, and Omar Jundi. The bank provides basic banking services, card processing, investment banking and insurance brokerage . The bank was the first in the ...
AMDB soon became one of the largest banks in Malaysia, now renamed as AmBank. [citation needed] Najadi was appointed from 1978 to 1985 by the Governor of the Central Bank of Malaysia as non-executive independent director of the Malaysian Industrial Development Finance Berhad, an industrial and merchant bank in Malaysia. [citation needed]
AmBank Group has been under scrutiny over its role in the alleged theft of $4.5 billion from 1Malaysia Development Berhad, a state fund former prime minister Najib Razak set up in 2009.
The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [ 1]
AmMetLife is the name of Malaysian life insurance company, AmMetLife Insurance Berhad, and family takaful operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank Group and New York-based MetLife. They offer a range of insurance and wealth protection products through AmBank's branch offices. [1]
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List of foreign banks (commercial) List of Licensed Banking Institutions in Malaysia (commercial) in alphabetical order. American Express Bank (Malaysia) Berhad. BNP Paribas Malaysia Berhad. Bangkok Bank Berhad. Bank of America Malaysia Berhad. Bank of China (Malaysia) Berhad. Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad.