Malayan Banking Berhad Financial Analysis
FY2022: Posted RM8.23 billion Net Profit, from RM8.10 billion in FY2021
Income growth driven by expansion in NIM and loans as well as MTM gains from financial
liabilities and foreign exchange gains; net profit grew 1.7% YoY
FY2022 vs FY2021
RM12.81 billion
Cost-to-
income Ratio
46.4%
FY2021: 45.3%
Pre-Provisioning
Operating Profit
▲6.3%
RM14.81 billion
Net Credit
Charge
▼40 bps
Net
profit
1.7%
Dec'21: 51 bps
RM8.23 billion
Net Operating
Income
8.5%
RM27.62 billion
Net Interest
Margin
▲7 bps
2.39%
Cost
Growth
▲ 11.2%
.
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4Q vs 3Q (QoQ)
Net operating income declined by 7.0% as non-interest income (NOII)
reduced by 25.1% on lower MTM gain on financial liabilities. Offset with stable
net fund based income (+0.3%) as CFS MY loans expanded by 2.0%
Marginal cost increase of 0.4%, as increase in personnel expenses was offset
with lower IT expenses and professional fees
Net impairment losses reduced to RM191.0 million from RM841.3 million in
3QFY2022, on lower provisions for loans and writebacks in financial
investments
PBT up 3.1% on lower provisions while net profit was stable at RM2.17 billion
FY2022 vs FY2021 (YoY)
Net operating income grew 8.5% as net fund based income rose 8.4% with
NIM expanding 7 bps YoY while NOII was up 9.0% on MTM gains on financial
liabilities and foreign exchange gains
Cost growth of 11.2% mainly led by personnel costs (related to collective
agreement adjustments) and one-off giftpoints redemption for credit cards
Lower net impairment losses by 13.7% to RM2.79 billion mainly driven by a
17.6% reduction in net loan provisions to RM2.19 billion
PBT up 11.6% on higher income and lower provisions; net profit rose 1.7%.
Excluding Prosperity Tax impact, normalised net profit growth would be 12.9%
Note: Non-interest income was previously referred to as net fee based income
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