Investor Presentaiton
Maybank Group FY2021 Overview
Net profit of RM8.10 billion from RM6.48 billion a year earlier, on improving regional economies
Business Income Drivers Improved
Net operating
income:
RM25.45 billion
+2.8% YoY
Group CASA
+17.2% YoY
Group Loans
+5.7% YoY
Continued Cost Management
Cost to Income:
45.3%
JAWS:
0.2% YoY
Prudent Provisioning Maintained
Loan Loss
Coverage:
Group Gross
Impaired Loans:
111.9% (Dec'21) 1.99% (Dec'21)
Robust Liquidity & Capital Positions
Group CASA
Group CET1
Ratio:
Capital:
47.1% (Dec'21)
15.40%* (Dec'21)
Net fund based income up 14.6% YoY on 22 bps NIM expansion as interest expense reduced
and Group CASA grew 17.2%. Group loans up 5.7% YoY driven by Malaysia and Singapore.
Core fees grew 7.8% YoY on improved market activity and higher customer spending, but was
offset mainly by lower securities disposal gains and MTM losses on fixed income portfolio held by
insurance unit, resulting in 21.6% YoY decline in net fee based income.
Contained overheads growth at 2.6% YoY, resulting in a CIR of 45.3% which is within FY2021
guidance of 45% - 46%.
PPOP grew 2.9% YoY on the back of income pick-up and moderate overheads growth, resulting
in positive JAWS.
Loan loss provisioning of RM2.66 billion for FY2021, from management overlay for borrowers
under the repayment assistance packages and top ups for new and existing impairments as
well as for write-offs.
Loan loss coverage strengthens to 111.9% (Dec'20: 106.3%), on additional provisioning and
lower Group GIL ratio of 1.99% as at end-Dec'21 (Dec'20: 2.23%).
Strong CASA growth across all home markets, resulted in Group CASA ratio of 47.1%.
Robust Group CET1 capital and total capital ratios at 15.40%* and 18.83%* respectively.
Second interim dividend of 30 sen per share for FY2021, with an electable portion of 7.5 sen
under the DRP. Total dividend grew 11.5% or 6 sen YoY to 58 sen per share in FY2021 (FY2020: 52
sen per share).
Note: *After proposed second interim dividend and assumption of 85% reinvestment rate.
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