FY2023 M25+ Progress: Enhancing Digital Banking
Net Fund Based Income Impacted by NIM Compression Arising From
Higher Funding Cost
NIM and Net Fund Based Income
NIM
2.32%
2.39%
2.35%
(12-mth
rolling)
Volume growth
NIM
2.34%
2.39%
2.19%
(Ann.)
RM billion
(9.7)%
1Q'23 vs 4Q'22
(2.0)%
1Q'23 vs 1Q'22
4.89
5.31
4.80
Margin trends
1Q FY2022 4Q FY2022 1Q FY2023
•
Key Drivers
Group loans grew 5.3% YoY led by:
○ 5.1% in MY: 6.9% in Mortgage, 9.4% in Auto, 18.2% in
Credit Cards, 8.8% in SME and 6.6% in BB
o 7.2% in IDN: 26.1% in Auto Loan, 20.6% in Credit Cards
and Personal Loan, 2.2% in Mortgage, 3.2% in RSME and
10.1% in GB
。 Corporate Banking in SG grew 5.4%
QoQ, Group loans was flat as MY growth of 0.2% and SG
growth of 0.4% offset the reduction of 0.9% in IDN
NIM compressed 15 bps YoY and 20 bps QoQ as funding
cost growth outpaced interest income growth. However,
12-month rolling NIM as at end-March 2023 compressed
4bps, within NIM guidance.
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