Investor Presentaiton
Σ
Final Remarks
> Cautiously optimistic for 2022 with gradual
economic recovery anticipated across all our key
operating markets
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Expect an improved 2022 financial performance
driven by topline growth, sustained NIM, positive
asset growth momentum and NOII. Expect costs to
rise from technology and operational investments,
but should remain contained
Loan loss charge will likely improve, albeit elevated
given continued macro uncertainty and a
conservative view on non-retail legacy accounts
and pandemic impacted sectors
The Group will continue to execute Forward 23+
strategies while focusing on credit risk and Risk-
Adjusted Return On Capital (RAROC) optimisation
Consequently, we expect continued improvement
in core ROE. However, reported ROE will be
impacted by Cukai Makmur.
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FY21
FY22
BAU
Targets
FY24
Forward23+
Ambition
ROE
7.5%
7.5-8.0%
(Reported)
Top quartile
(11.5-12.5%)
M ROE
8.1%
8.5-9.0%^
Dividend
50%
40-60%
40-60%
Payout Ratio
[$]
Total Loan
Growth
3.3%
5-6%
In line with
market
Cost to
$
EA
48.6%
<49.0%
≤45%
income
%
Loan Loss
73bps
60-70bps
50-60bps
Charge
CET 1
14.5%
>13.0%
>13.5%
(CIMB Group)
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Notes: Excluding cukai makmur
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