Investor Presentaiton
Key Highlights
↑
Robust topline
growth driven by
ΝΟΙΙ
Strong loan and
deposit growth
across all segments
and countries
CIR continues to
improve to 46.0%
for 1H23
1H23 provisions
remain contained
with LLC at 38bps
$
Strong 1H23 net
profit growth with
ROE of 10.6%.
Dividend payout
raise to 55%
Σ
Operating income grew 6.7% QoQ and 7.4% YoY from
strong NOIl growth of 14.4% QoQ and 32.0% YoY driven by
markets related and other income
Σ
Opex remains under control at +2.6% QoQ and +6.2% YoY,
with 1H23 CIR improving to 46.0% (-180bps QoQ; -50bps
YoY)
> NII recovered QoQ underpinned by loan growth and
>
Σ
moderated cost of deposit but remains muted YoY owing to
compressed NIM
Total provisions declined 2.2% QoQ and 2.9% YoY. 1H23
loan loss charge stood at 38bps
>>>
> Gross loan +3.3% QoQ and +8.3% YoY with growth across
countries and segments
> Deposits +4.0% QoQ and +9.5% YoY. CASA +5.7% QoQ
leading to improved CASA ratio of 38.5% as regional
initiatives starts to bear fruit
>>>
On a reported basis, PBT grew 11.0% QoQ and 13.6% YoY,
while net profit improved 7.8% QoQ and 26.2% YoY. This
translated to an ROE of 10.7% in 2Q23 and 10.6% for 1H23
(+40bps QoQ; +150bps YoY)
CET1 stood at 14.2% as at end Jun-23. Proposed first
interim dividend of RM 17.50 sen /share (RM1,866 mil).
Dividend payout increased to 55% from 50% in 1H22
Notes: All numbers are on a BAU basis unless stated otherwise.
Excludes (net of tax): 1H22: Exceptional items of RM89 mil and cukai makmur of RM300 mil
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