Financial Analysis Presentation
Stabilized NIM from ability to manage deposit cost despite declining in
asset yields
Utb
Cost of Deposit
Loan Yield
Loan yield (excluded PPA impact)
5.11%
4.86%
4.64%
4.58%
4.64%
Net Interest Margin (NIM)
NIM (excluded PPA impact)
2.94%
3.06% 3.04%
Flat QoQ
-20 bps YoY
1.14%
-36 bps
YOY
4.83%
-6 bps QoQ
-37bps YoY
5.00%
4.52%
4.46%
-48 bps YoY
4.52%
2.92% 2.98%
0.96%
0.76%
0.76%
0.78%
2.95%
-3 bps QoQ
+3 bps YoY
3.07%
2.98%
3.06%
Flat YoY
2.98%
tui li lii li ||| ||
3Q20
2Q21
3Q21
9M20
9M21
3Q20 2Q21
3Q21
9M20
9M21
III
3Q20
2Q21 3Q21
9M20 9M21
•
3Q21 deposit cost recorded at 0.76%, stable QoQ
despite higher deposit volume. The YoY reduction
was driven by the Bank's effort on funding strategy
and balance sheets optimization.
9M21 cost of deposit was 0.78%, materially down by
36 basis points YoY. This was due to balance sheet
optimization plus deposit repricing strategy on
flagship products.
•
Loan yield remains under pressure from sluggish
economic and low rate environment together with
quality loan growth strategy to preserve B/S quality.
As a result, loan yield dropped QoQ and YoY.
Following the reduction of market benchmark rate
throughout 2020, loan yield compressed to 4.52% in
9M21.
•
•
NIM slightly dropped QoQ from yield
compression. YoY improvement was mainly from
funding optimization.
9M21 NIM was stable YoY at 2.98%. This was
driven by balance sheet optimization and
effective deposit repricing strategy during low
rate environment which helped compensate for
yield pressure.
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