AmBank CEO Datuk Sulaiman Mohd Tahir says Datuk Seri Najib Razak's corruption trial has not impacted the bank’s business. — Picture by Razak Ghazali
“It has not impacted our business. As everyone knows, we were the only financial institution fined for breach of regulations in terms of non-compliance. “In addition, AmBank agreed with Bank Negara to commence a four-year programme during which we have set aside RM25 million per annum for investment in systems, infrastructure and training.
AmBank Group had then said the penalty was due to AmBank Berhad and AmBank Islamic Berhad's non-compliance of regulations, and that the penalty was meted out in line with the Financial Services Act 2013's Section 234 and the Islamic Financial Services Act 2013's Section 245.
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