9M FY2023 Financial Performance

9M FY2023: Net Profit Up 21.0% YoY to RM6.96 billion Moderate income growth supported by treasury and markets gains, offset by NIM compression from deposit competition 9M FY2023 vs 9M FY2022* Cost-to- income Ratio 47.9% Net Credit Charge ▼31 bps Net profit 21.0% RM9.77 billion 9M FY2022: 44.9% 9M FY2022: 45 bps RM6.96 billion Net Operating Income 3.6% RM20.38 billion Net Interest Margin ▼2.14% 9M FY2022: 2.39% Cost Growth ▲ 10.6% Return on Equity 10.7% 9M FY2022: 9.3% • • • 9M FY2023 (YoY) Higher net operating income (NOI) by 3.6%, led by non-interest income (Noll) increase of 37.8% YoY, mainly from FX gains. Net fund based income was lower by 6.0% as NIM compressed 25bps due to higher funding costs led by interest rate hikes in the past year and continued deposit competition Cost grew 10.6% led by higher personnel costs, credit card-related fees due to higher billings, ROU (Right-of-Use) assets depreciation and IT-related costs Net impairment losses decreased 53.4% to RM1.21 billion following a net writeback in financial investments and others of RM152.5 million (9M FY2022: net allowance of RM713.8 million) and lower net loan provisioning by 27.6% to RM1.36 billion on writeback for corporate borrowers, recoveries and stable impairment volumes/balances YoY • ROE increased to 10.7% from 9.3% a year ago • • • 3Q FY2023 (QoQ) NOI decreased 7.7% on lower NOII of 21.9% driven by unrealised derivatives losses QoQ despite core fees improving 13.7% from higher service charges and fees, commission, brokerage income, underwriting and loan-related fees. Net fund based income declined marginally by 0.3% as NIM (ann.) compressed 5 bps QoQ to 2.09% from 2.14% in 2Q FY2023 on funding costs increase in home markets Cost decreased by 3.6% QoQ due to lower personnel (-6.2%) and establishment costs (-1.3%) with minimal increases in marketing (+4.4%) and administration and general expenses (+0.3%) Net impairment losses decreased 40.4% to RM342.2 million following a net writeback in financial investments and others and lower net loan provisioning by 21.6% made QoQ • Net profit rose marginally by 0.8% QoQ Note: Non-interest income was previously referred to as net fee based income *Restated 9M FY2022 comparative information as MFRS 17 has replaced MFRS 4 Insurance Contracts for annual periods on or after 1 January 2023 2

View entire presentation