About 71% or RM1.5bil of AmBank Group’s total goodwill are related to its conventional banking business, while investment banking represents about 20% or RM428mil in goodwill. is currently undertaking an assessment of goodwill to ascertain the value of impairment that will be reflected in its financial results for the fourth quarter ended March 31.
“A goodwill write-down is a non-cash item, will have no impact to regulatory capital ratios and does not affect future earnings as it is a non-recurring item, ” it said in a stock exchange filing yesterday. “Shareholders are advised to give due consideration when dealing in the shares of AMMB since the assessments are still preliminary at this time, ” it said.
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