Investor Day 2021 - Maybank Group's Five-Year Strategy: M25
Over the Past Decade (Prior to COVID-19 Pandemic),
Banks in Our Home Markets Have Seen ROEs Decline...
...with Maybank's ROE declining at a relatively slower gradient and remaining above its reducing cost of equity ( <9% since 20181)
27.1
16.3
16.2
15.2
14.5
ROE (%) of Malaysia Banks
14.8
ROE (%) of Singapore Banks
14.5
14.3
12.1
13.2
11.5
11.4
11.6 11.4
12.1
9.1
11.3 10.9
8.1
10.2
7.6
7.4
2010
2011 2012 2013 2014 2015
2016 2017
2018 2019 2020
Maybank
Peer 1
Peer 2
Peer 3
11.5
13.6
11.4
11.3
10.3
10.9 10.8
43.8
11.2
10.3
9.5
33.3
9.6
8.1
9.3
7.7
24.7
8.8
7.0
7.4
24.4
ROE (%) of Indonesia Banks
20.0
16.5
18.8 18.4
18.0
10.5
16.1
14.0
9.4
14.5
2.1
14.4 14.0
8.1
11.4
10.9
2.9
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2010
2011
Maybank
Peer 1
Peer 2
Peer 3
Peer 4
Peer 5
2012 2013
Maybank
2014
Peer 1
2015
2016
Peer 2
2017
Peer 3
2018
2019
2020
Peer 4
Source: ROES extracted from Bloomberg
Maybank's ROE for 2020 would be below cost of equity due to COVID-19 pandemic
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