9M FY2023 Financial Performance

Maybank Singapore: P&L Summary SGD million Net fund based income Non-interest income Net income Overhead expenses Operating profit Profit/ (Loss) before taxation 9M FY2023 9M FY2022 (Restated) YOY 3Q FY2023 2Q FY2023 (Restated) QoQ 574.57 582.23 (1.3)% 177.57 192.86 (7.9)% 284.27 330.16 (13.9)% 120.50 93.94 28.3% 858.84 912.39 (5.9)% 298.07 286.80 3.9% (384.59) (372.22) 3.3% (133.33) (126.32) 5.5% 474.25 540.17 (12.2)% 164.74 160.48 2.7% 504.99 527.02 (4.2)% 128.08 145.69 (12.1)% Fund based income fell slightly by 1.3% YoY, mainly due to lower net interest margin as asset growth and higher asset yields were negated by the increase in interest cost • Non-interest income decreased 13.9% YoY on weaker treasury and credit related fees as well as bancassurance income. Nonetheless, it improved 28.3% compared to the preceding quarter • Overheads increased 3.3% YoY on higher staff costs, marketing expenses and fees & brokerage cost 9M FY2023 profit before taxation reduced 4.2% YoY to SGD505 million, impacted by lower income and higher overheads. However, a write-back in loan loss allowances mitigated the decline 46 46

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