2022 Performance and Synergy Realization
Strategically building strong deposit franchise amid rate hike cycle
Total Deposit
+1.9% QoQ
TD+NCD
1,360 bn
12%
1,374 bn
15%
1,399 bn
+4.5% YTD
17%
47%
45%
43%
Hybrid
Saving
34%
~41%
CASA
34%
~40%
CASA
34%
~40%
CASA
Current
7%
6%
6%
Dec-21
Sep-22
Dec-22
% Retail deposits
74%
73%
73%
tub
•
•
•
Key deposit strategy in 2022 was to prepare our deposit structure ahead of rising rate environment.
Since 4Q21, we started to build term-funding base and strategically shifted a growth driver from our flagship Hybrid deposits toward time deposit. Key objective is to
build and secure term-funding base for future loan growth at lower cost before rate hikes.
"Up and Up" is our tactical time deposit (TD) product for this strategy. Its 6-month step up interest rate features is attractive for customers while for the Bank this
feature is superior than traditional time deposits in terms of deposit cost optimization.
Overall, we could grow time deposit by 46.8% in 2022. The portion of time deposit rose from 12% in 2021 to 17% of total deposit while low-cost CASA at 40%. Our
flagship transactional deposit "All Free” continued to grow by +4.8%. The decline in Hybrid deposit was due partly to the outflow to Up and Up.
Moving into 2023, we will continue grow deposit franchise through our flagship products and build new ecosystem that would help we penetrate more new-to-bank
customers and use TTB as their main bank.
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