Malayan Banking Berhad Financial Analysis
Lower ECL Trends as AQ Remains Stable; Maintaining MOA
ECL, NCC, and LLC
Gross Impaired Loans
P&L ECL
(RM billion)
Dec 2021
Sep 2022
Dec 2022
(48.5)%
4Q'22 vs 3Q'22 4Q'22 vs 4Q'21
+96.3%
(17.6)% YoY
%
RM billion
%
RM billion
%
RM billion
Non Performing Loans
(NPL)
1.28%
7.07
1.27%
7.43
1.22%
7.14
2.66
2.19
Restructured &
0.05%
0.27
0.07%
0.43
0.07%
0.43
0.60
0.16
4QFY2021 3QFY2022 4QFY2022
0.31
Rescheduled (R&R)
FY2021
FY2022
Impaired Due to
NCC
LLC
(12) bps (43) bps (22) bps
111.9%
(51) bps (40) bps
Judgmental/ Obligatory
Triggers (IPL)
0.66%
3.70
0.36%
2.13
0.28%
1.63
122.3%
131.2%
Total
1.99%
11.04
1.70%
9.99
1.57%
9.20
LLC incl.
Regulatory
113.9%
133.3%
146.9%
Of which:
Malaysia 1.19%
4.05
1.45%
5.18
1.38%
5.02
Reserve
Singapore 1.68%
2.25
0.64%
0.92
0.57%
0.82
Key Drivers
Indonesia 5.14%
1.57
4.10%
1.43
4.19%
1.31
•
Loan ECL reduced by 17.6% YoY:
On lower provisioning for individually impaired accounts and
overlays, resulting in lower net credit charge off rate of 40 bps
(FY2021: 51 bps)
。 Maintained RM1.7 billion management overlay on balance
sheet, with 38% allocated for CFS and RSME portfolio although
repayment assistance programmes continue to trend lower
QoQ, loan ECL reduced by 48.5% on lower provisioning for
individually impaired accounts
·
•
Key Drivers
Group GIL improved to 1.57% due to write-offs, recoveries and low formation of newly
impaired loans
R&R balances remained small and manageable
Largely improving QoQ and YoY trends across home markets
Stable trends across consumer segments, with slight uptick in retail SME and corporate
banking segments
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