2Q22 ANALYST BRIEFING

26 AUG 2022

AGENDA

SNAPSHOT OF 2Q22 PERFORMANCE

  • Datuk Nor Azam M. Taib (GCEO)

2Q22 FINANCIAL PERFORMANCE

  • Ramanathan Rajoo (CFO)

MOVING FORWARD

  • Datuk Nor Azam M Taib (GCEO)

2

SNAPSHOT OF 2Q22 PERFORMANCE

Profitability

Financing

Asset Quality

Capital &

Liquidity

  • Registered a profit before tax ("PBT") of RM206mil during the quarter, higher than the previous quarter of RM79.2mil mainly due to lower impairment allowances. PBT for 1H22 of RM285mil is lower compared to RM644mil in 1H21
  • Net profit margin at 3.20% versus 3.27% in 1Q22 mainly contributed by OPR hike
  • CASA still low as % of total deposits, but on uptrend due to various campaigns undertaken
  • Gross loans and financing increased marginally to RM36.8bil from RM36.2bil (4Q21) mainly contributed by retail portfolios especially housing financing
  • Shifting our focus, which is predominantly retail and construction sector. This shift is showing results especially in corporate financing
  • GIR of 6.85% compared to 5.89% in 1Q22 due to deterioration in corporate
  • Exposure to construction sector which was badly affected during pandemic of 2020-2021. This has impacted our overall GIR, although retail financing GIR remains low
  • As MBSB evolves, financing portfolio will be realigned
  • Capital and liquidity position remained stable with CET1/Tier 1 Capital at 20.31%
  • Total Capital ratio at 24.79%

3

AGENDA

SNAPSHOT OF 2Q22 PERFORMANCE

  • Datuk Nor Azam M. Taib (GCEO)

2Q22 FINANCIAL PERFORMANCE

  • Ramanathan Rajoo (CFO)

MOVING FORWARD

  • Datuk Nor Azam M Taib (GCEO)

4

GROUP KEY FINANCIAL HIGHLIGHTS

Net Income

Operating Expenses

Profit Before Tax

532.8m

403.2m 387.5m 387.8m

2Q21 1Q22 2Q22

Net income (before impairment) in 2Q22 improved slightly as there is no modification loss

following the expiry of repayment assistance program.

150.0m 136.5m

99.9m

2Q21 1Q22 2Q22

Lower OPEX in 2Q22 as compared to previous quarter mainly contributed by reversal of provision on expenses which is no longer required.

206.0m

79.2m

2Q21 1Q22 2Q22

Recorded higher PBT in 2Q22 due to lower impairment allowances in current quarter.

The modification loss for 1Q22 amounts to RM9mil.

5

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MBSB - Malaysia Building Society Bhd published this content on 26 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2022 03:50:04 UTC.