Q1FY24 Results - Investor Presentation
Asset Quality
| Higher impairment charges in BB and RB
Net Impairment (YoY Movement) (RM'mil)
63.9
2.0
65.9
39.7
2.8
290.0
49.4
(3.8)
(0.1)
166.1
190.4
(99.6)
35.9
(30.0)
Reported
Q1FY23
Discont'd
write-back
Q1FY23
Cont'd
Q1FY23
Overlay
charge
Q1FY23
Before
Overlay
Q1FY23
ECL
Stage 1 & 2
ECL
stage 3
Individual
Allowances
Recoveries
Commitment
& Contingencies
Others
Before
Overlay
Q1FY24
Overlay
write-back
Q1FY24
Reported
Q1FY24
Positive P&L impact in Q1FY24 Negative P&L impact in Q1FY24
Gross Impaired Loans (RM'mil) and Loan Loss Coverage (LLC) Ratios
Credit Cost and New Impaired Loans Formation
AmBank Group
FY21
FY22
FY23
Q1FY234 Q1FY244
Retail
Business
LLC (incl RR)¹
Gross Credit cost²
Wholesale
GIL Ratio
LLC (excl RR)
1.12%
0.46%
I
0.56%
0.44%
0.73%
(excl. recoveries) (%)
139.2%
127.7%
124.1%
123.3%
Net credit cost² (%)
0.81%
0.26%
0.32%
0.20%
0.52%
115.6%
133.1%
124.1%
116.5%
116.3%
107.5%
Net credit cost (%)
(excl. overlay³)
0.44%
0.39%
0.27%
0.10%
0.82%
1.66%
1.57%
1.55%
1.40%
1.46%
2,139
New Impaired Loans
(RM'mil)
990
1,357
1,961
703
817
1,896
1,864
1,770
170
1,676
107
306
530
1.
448
628
517
Includes regulatory reserve of NIL (FY21), RM103m (FY22), RM212m (FY23), RM130m (Q1FY23)
and RM173m (Q1FY24)
378
2.
Computed based on gross and net loan loss allowances (FS Note A25)
260
266
3.
1,342
1,440
Overlay charges/(write-backs) of RM412m (FY21), -RM160m (FY22), RM68m (FY23), RM30m
(Q1FY23) and -RM100m (Q1FY24)
1,180
4.
Annualised credit costs
882
893
FY21
FY22
FY23
Q1FY23
Q1FY24
AmBank Group
Q1FY24 Results - Investor Presentation
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