H1FY24 Results - Investor Presentation
Asset Quality
| Higher impairment charges in BB and RB
Net Impairment (YoY Movement) (RM'mil)
266.9
153.7
123.0
(113.2)
(30.7)
20.7
86.8
45.3
135.5
350.6
(55.6)
(5.0)
Overlay:
Q1FY24: (99.6)
Q2FY24: (47.5)
203.5
(147.1)
Reported
H1FY23
Discont'd
impairment
Cont'd
H1FY23
Overlay
charge
H1FY23
H1FY23
Before
Overlay
H1FY23
ECL
Stage 1 & 2
ECL
stage 3
Individual
Allowances
Recoveries
Commitment
& Contingencies
Others
Before
Overlay
H1FY24
Overlay
write-back
H1FY24
Reported
H1FY24
Positive P&L impact in H1FY24 Negative P&L impact in H1FY24
Gross Impaired Loans (RM'mil) and Loan Loss Coverage (LLC) Ratios
Credit Cost and New Impaired Loans Formation
AmBank Group
FY21
FY22
FY23
H1FY234 H1FY244
1
Retail
Business
Wholesale
GIL Ratio
⚫LLC (incl RR)
LLC (excl RR)
Gross Credit cost²
1.12%
0.46%
0.56%
0.46%
0.54%
(excl. recoveries) (%)
139.2%
124.1%
127.7%
122.6%
Net credit cost² (%)
0.81%
0.26%
0.32%
0.22%
0.34%
109.2%
133.1%
124.1%
116.5%
114.2%
96.2%
Net credit cost (%)
(excl. overlay³)
0.44%
0.39%
0.27%
0.17%
0.56%
1.65%
1.57%
1.52%
1.46%
1.40%
New Impaired Loans
(RM'mil)
990
1,357
1,961
1,109
1,442
2,164
1,896
1,892
1,770
169
1,676
107
264
589
448
1. Includes Regulatory Reserve (RR) of NIL (FY21), RM103m (FY22), RM212m (FY23), RM159m
(H1FY23) and RM281m (H1FY24)
628
517
352
2.
Computed based on gross and net loan loss allowances (FS Note A23)
3.
260
266
Overlay charges/(write-backs) of RM412m (FY21), -RM160m (FY22), RM68m (FY23), RM31m
(H1FY23) and -RM147m (H1FY24)
1,342
1,276
1,405
4.
Annualised credit cost
882
893
FY21
FY22
FY23
H1FY23
H1FY24
AmBank Group
H1FY24 Results - Investor Presentation
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