# AMMB sees NIM expansion likely in current April-June quarter

> AMMB Holdings said it expects its net interest margin to expand in the April to June quarter after falling 28 basis points to 1.79% in FY2024. Management also projected the ringgit would strengthen to 4.5 to 4.6 per dollar this year, supported by expected US rate cuts and a regional tech-driven upcycle.

- Date: 2024-05-27 · published 2024-05-27T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30539-ammb-sees-nim-expansion-likely-in-current-april-june-quarter
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

This is a bank earnings outlook with little direct link to feed commodity prices; the ringgit forecast is the only element relevant to dollar-priced imports.

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/713177

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.