PT Bank Maybank Indonesia Tbk : Maybank Indonesia Financial Result FY 2022
February 24, 2023 at 07:35 am EST
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Maybank Indonesia
Financial Results
FY 2022 ended 31 December 2022
Humanising Financial Services
Table of Contents
Executive Summary
Results Overview
Shariah Banking Unit
Digital Banking
Subsidiaries
Update on Covid-19
Appendix
Sustainability
Maybank Indonesia in Brief
Awards, Events, and CSR Highlights
2
5
15
17
20
23
25
28
33
FY 2022 Executive Summary* (1/2)
1
Earnings
2
Loans Growth
and Asset
Quality
PBT recorded at Rp2.0 trillion, dipped 7.4% from Rp2.2 trillion the year before. This was primarily due to lower loan yields, following tight competition within the industry, as well as a drop in Global Markets (GM), Bancassurance and wealth management incomes. However, the Bank continued to improve its cost of funds and booked lower provisions in line with improving loan quality.
The Bank recorded a drop in fee-basedincome of 15.8%. This was mainly contributed by the significant drop in GM related fees which fell 62.7%, impacted by the spike in global interest rates and volatile markets.
Overhead cost (OHC) maintained at Rp5.6 trillion, increased by 3.6% YoY.
The Bank continued to proactively manage the asset quality which has resulted in the improvement of loan loss provisions by 17.8% to Rp1.3 trillion.
NIM expanded by 36bps YoY to 5.05% contributed by lower cost of funds, higher CASA balance and growth in the higher margin auto-loan businesses.
Overall Loans grew by 5.9% YoY driven by higher loan demands in large-scale enterprises and corporate entities and improved consumer purchasing power led to a significant increase in the Bank's retail loan segments.
GB grew 7.1% and CFS Retail grew 13.6%. Achievement in CFS retail was supported by growth across all segments (Auto, Mortgage, and unsecured loans)
Meanwhile, CFS Non Retail declined by 4.5% YoY, although RSME managed to book 4.5% YoY growth.
Gross NPL improved YoY to 3.46% and gross impaired loans ratio improved YoY to 4.29% due to lower NPL and impaired loans balances supported by higher loan balances.
The Bank's Loan at Risk (LAR) improved to 12.72% in Dec-22 from 18.01% in Dec-21, which was attributed by a general improvement of loan quality..
The Bank maintained a prudent banking approach and continued to apply a conservative risk posture.
*) All numbers are based on Consolidated Financial Statements which are in accordance with accounting classification unless otherwise stated.
3
The classifications differ from published results which are in accordance with Bank Indonesia's classification.
FY 2022 Executive Summary (2/2)
3
Liquidity and
Funding
Positions
4
Capital
Position
5
Shariah
Banking Unit
Funding profile was maintained as reflected in improvement CASA ratio to 51.41%. Total deposits decreased by 8.0% YoY mainly from TD which decreased by 15.3% YoY, in line with the Bank's strategy to maintain low-cost funding by leveraging the Bank's digital services to acquire customer deposits and reduce high cost of funding.
Healthy liquidity indicators: Loan-to-DepositRatio (LDR - bank only) at 86.92%, and modified LDR (bank only) at 78.06% as of Dec-22.Liquidity Coverage Ratio (LCR - bank only) quarterly stood at 168.50% as of Dec-22, well above minimum requirement.
Strong capital position with CAR stood at 26.65% (Tier I at 25.57%).
Shariah Banking Unit total assets grew by 2.1% YoY, contributing 26.9% to the Bank's standalone assets.
Shariah Banking Unit CASA grew strong by 19.3% with CASA ratio improved to 46.48%. The increase in CASA was in line with the Bank's strategy in maintaining strong liquidity by optimising low-cost funding.
The Financing-to-Deposit Ratio (FDR) stood at a healthy level of 84.96% in Dec-22.
Non-PerformingFinancing (NPF) gross improved to 3.02% in Dec-22 from 3.73% in Dec-21 as Shariah financing grew.
4
Table of Contents
Executive Summary
Results Overview
Shariah Banking Unit
Digital Banking
Subsidiaries
Update on Covid-19
Appendix
Sustainability
Maybank Indonesia in Brief
Awards, Events, and CSR Highlights
2
5
15
17
20
23
25
28
33
Attachments
Original Link
Original Document
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Disclaimer
PT Bank Maybank Indonesia Tbk published this content on 24 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2023 12:34:14 UTC.
PT Bank Maybank Indonesia Tbk (the Bank) is an Indonesia-based company, which is engaged in the banking business. The Bankâs segments include Global Banking, Business Banking and Retail. The Global Banking segment consists of corporate banking, treasury, overseas branches and sharia. The Business Banking segment consists of Small Medium Enterprise (SME), commercial, micro and sharia. The Retail segment consists of consumer banking, subsidiaries and sharia. The Bank provides digital banking services through M2U ID App, M2U ID Web, ATM, Maybank2E (M2E), Corporate Online Payment (CoOLPay), eCustody and TradeConnex. The Bank has over 80 branches, 239 sub-branches, one micro sub-branch and 17 Sharia branches and two Sharia sub-branches. M2E is a financial transaction solution with regional access through a network that makes it easier for customers to manage business finances. Its subsidiaries include PT Wahana Ottomitra Multiartha Tbk and PT Maybank Indonesia Finance.