Malayan Banking Berhad Financial Analysis
Maybank Singapore: P&L Summary
SGD million
Net fund based income
Non-interest income
Net income
Overhead expenses
Operating profit
Profit/ (Loss) before taxation
FY2022
FY2021
YOY
4Q
FY2022
3Q
FY2022
QoQ
808.16
642.38
25.8%
225.51
206.03
9.5%
406.75
268.44
51.5%
76.59
123.65
(38.1)%
1,214.91
910.82
33.4%
302.11
329.69
(8.4)%
(511.48)
(480.57)
6.4%
(138.52)
(130.88)
5.8%
703.43
430.25
63.5%
163.59
198.81
(17.7)%
655.92
324.92
>100.0%
129.24
198.10
(34.8)%
•
Fund based income grew 25.8% YoY and 9.5% QoQ, contributed by improved net interest margin.
.
Non-interest income surged 51.5% YoY due to significant increase in treasury income. Credit related fees and cards commission were also higher YoY,
cushioning the slowdown in wealth management income and non-operating income.
•
Overheads rose 6.4% YoY and 5.8% QoQ on higher staff costs, marketing expenses as well as administrative & general costs.
•
Profit before taxation doubled YoY to SGD656 million as a result of higher income and lower loan loss allowances.
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