Investor Presentaiton
Maybank Singapore: P&L Summary
SGD million
FY2021
FY2020
YOY
4Q FY2021
3Q FY2021
QoQ
Net fund based income
642.38
555.17
15.7%
174.08
167.22
4.1%
Net fee based income
268.44
421.57
(36.3)%
72.16
70.30
2.6%
Net income
910.82
976.74
(6.7)%
246.24
237.52
3.7%
I
Overhead expenses
(480.57)
(465.94)
3.1%
(133.80)
(114.20)
17.2%
Operating profit
430.25
510.80
(15.8)%
112.44
123.32
(8.8%)
Profit/ (Loss) before taxation
324.92
183.41
77.2%
168.21
39.73
323.4%
Fund based income growth driven by improved margin and higher loan volume. Deposit re-mix and repricing also lowered the funding
cost. CASA ratio up to 48.8%.
Fee based income was lower YoY, impacted by lower treasury fees from market volatility cushioned by higher wealth fees, which grew
9.7% from a year ago. Overall fee income maintained momentum over the last 2 quarters.
Overheads increase mainly from human capital and technology investments with optimisation savings in general & admin expenses.
Credit quality was stable with lower provisions required in FY21 on lesser new impaired accounts coupled with higher recoveries.
Profit before taxation of SGD325 million was significantly higher YoY.
45View entire presentation