As an ideal chemical hydrogen storage material, efficient dehydrogenation and transfer hydrogenation of ammonia borane has attracted increasing attention.Due to the advantages of cheap and easy availability and biocompatibility of earth-abundant metals, the development of homogeneous catalytic dehydrogenation and related transformation of ammonia borane with earth-abundant metals is a significant research topic in this field.Herein, the development of dehydrogenation and transfer hydrogenation of ammonia borane catalyzed by homogeneous cobalt complexes is reviewed.