Investor Presentaiton
Key Highlights
Stronger operating income.
QoQ and YoY
Loan growth momentum
picked up in 4Q
E
B
Cost remains under control with
CIR at 48.6%. PPOP grew 14.9%
Core FY21 net profit remains
strong and ROE at 8.1%
Operating income grew 8.2% YoY from NIM expansion and
loan growth; QoQ +4.8% from higher fee income
Better YoY performance across
all business segments
> Total provisions 53.6% lower YoY due to reduced overlays
and lower non-retail provisions. However, 4Q21 provisions
were elevated QoQ largely from overlays, top up of legacy.
accounts and other receivables
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Gross loan momentum picked up in 4Q21 growing 1.5%
QoQ, translating to a FY21 growth of 3.3% YoY
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Deposit growth strong at 7.2% YoY driven by CASA at
+10.3%. CASA ratio stood at 42.5% as at end Dec-21
Strong controls on opex growing at +1.8% YoY with FY21
CIR at 48.6%. QoQ increase of 9.8% due to year-end catch-
up of expenses. PPOP grew strongly at 14.9% from the
positive JAW
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FY21 net profit +289.3% YoY driven by all business segments
and countries, bringing about an FY21 core ROE of 8.1%
(excluding exceptional items and cukai makmur impact)
CET1 rose to a record high 14.5% as at end Dec-21.
Proposed second interim dividend of 12.55 sen /share
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Note: All numbers are on a BAU basis unless stated otherwise.
Excludes RM556 mil of exceptional items encompasing: Gain on deconsolidation of Touch 'n Go Digital of RM1,156 mil; Impairment of CIMB Thai goodwill of RM 1,215 mil; 4
Intangible assets write off and accelerated amortisation of RM402 mil; and other El of RM95 milView entire presentation