2022 Performance and Synergy Realization
Executive summary
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Utb
it is a clear pathway
Looking back on the time since merger― starting in 2019 from the idea of combining 2 banks' complementary strengths
for the Merged Bank to scale up and to deliver stakeholders' value in a sustainable way. To this end, we have carried on pursuing our strategic
milestones to unlock merger synergies. Concurrently, we have successfully preserved our strong financial position and withstood the
unprecedented pandemic and economic headwinds, thanks to our conservative direction. As a result, we started off 2022 with a good shape for
resuming growth and here are deliverables.
☐ Synergy realization: overachieved balance sheet and cost synergies while revamping group structure (ttb consumer), business model and digitalizing
operating model to reinforcing revenue stream and ramp up revenue synergy.
☐ Quality loan growth: leveraged post-merger strengths and maintained leading position in HP and Mortgage markets with target to gain higher share in
consumer loan arena to enhance yields.
Balance sheet preparation for interest rate hike: prepared our balance sheet ahead of changing interest cycle through long-term TD pre-fund
strategy and asset-liability portfolio optimization aspiring for efficient funding cost going forward.
Well-contained asset quality: maintained prudent risk management and monitoring scheme to ensure sufficient risk buffer.
Solid capital position: allowed us to drive organic growth, enhance capital management (AT1 partial buy back) and increase shareholders' value
(Dividend and TTB-W1).
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