Maybank Indonesia

Financial Results

1H 2023 ended 30 June 2023

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

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1H 2023: PBT increases 34.1% YoY to Rp1.3 trillion

The Bank was able to book higher earnings from its loan portfolio and a significant increase

in fee-based income as treasury-related transactions improved.

1H 2023 vs 1H 2022

Profit Before

PATAMI

Fee Income

Overhead Cost

Provisions

Net Interest

Tax

Margin (NIM)

34.1%

44.7%

25.6%

6.4%

8.2%

41 bps

Rp1.3 trillion

Rp960 billion

Rp1.1 trillion

Rp2.9 trillion

Rp490 billion

5.06%

  • PBT and PATAMI recorded at Rp1.3 trillion and Rp960 billion respectively, rose by 34.1% and 44.7% respectively, This was derived from higher total income (NII & fee income) from its loan portfolio and a significant increase in fee-based income as treasury-related transactions improved. The Bank also recorded a continual decrease in provisions following improvement in the Bank's asset quality.
  • Fee income improved by 25.6% to Rp1.1 trillion as fees from Global Markets transactions jumped by 239% to Rp182 billion and recovery fees (Bank only) increased to Rp241 billion.
  • Overhead cost (OHC) stood at Rp2.9 trillion, increased by 6.4% YoY as the Bank resumed its business and operational activities and continued to intensify the development of its human capital with Future Ready skills.
  • Provisions decreased by 8.2% YoY to Rp490 billion as better business climate has contributed to the improvement of loan quality and recovery of some NPL accounts.
  • NIM improved by 41 bps YoY to 5.06%.

*) All numbers are based on Consolidated Financial Statements which are in accordance with accounting classification unless otherwise stated.

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The classifications differ from published results which are in accordance with OJK's classification.

1H 2023: Loans grow while maintaining liquidity

Outstanding loans increased while maintaining asset

quality

1H 2023 vs 1H 2022

Total

NPL

GIL

Loans

Ratio

Ratio

2.9%

22 bps

98 bps

Rp110.0 trillion

3.30%

4.11%

  • Overall loans grew by 2.9% YoY supported by improvements in public consumptions and consumer purchasing power. Accordingly, CFS Retail grew by 15.4%, supported by growth across all segments (mainly from subsidiaries' auto loans, followed by unsecured loans and Mortgage). Retail SME (RSME) segment also slightly grew by 1.3%.
  • GB declined by 3.7% YoY due to a couple of debtors' early repayment and CFS Non Retail declined by 2.9% YoY as the Business Banking (BB) and SME+ segments declined by 6.8% and 4.0% respectively. However GB and BB booked positive growth of 3.2% and 2.7% QoQ respectively.
  • Gross NPL improved YoY to 3.30% and gross impaired loans ratio improved YoY to 4.11% due to lower NPL and impaired loans balances strengthened by higher loan balances.
  • The Bank's Loan at Risk (LAR) improved to 11.48% in Jun-23 from 15.27% in Jun-22.
  • The Bank maintained a prudent banking approach and continued to apply a conservative risk posture.

Healthy liquidity position; CASA

was slightly down

1H 2023 vs 1H 2022

Low Cost Fund

CASA

LDR Ratio

(CASA)

Ratio

(Bank only)

2.7%

76 bps

90 bps

Rp53.7 trillion

48.60%

84.92%

  • Funding profile was maintained as reflected in CASA ratio of 48.60% as of Jun-23.
  • Total deposits decreased by 1.1% YoY due to a slight drop in CASA by 2.7% to Rp53.7 trillion. The Bank continues to implement a strategy to optimise low-cost funding by leveraging the Bank's digital services to acquire customer deposits.
  • Healthy liquidity indicators: Loan-to-DepositRatio (LDR
    - bank only) at 84.92%, and modified LDR (bank only) at 78.19% as of Jun-23.Liquidity Coverage Ratio (LCR - bank only) quarterly stood at 168.76% as of Jun-23, well above minimum requirement.

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1H 2023: Capital remains strong; UUS continues to expand

Strong capital position

1H 2023 vs 1H 2022

Total

CAR

Asset

1.0%

2.52%

Rp165.6 trillion

28.60%

  • Total Assets slightly decreased by 1.0% YoY to Rp165.6 trillion, but grew 2.5% QoQ with better earning asset composition.
  • Strong capital position with CAR stood at 28.60% (Tier I at 27.54%).

Shariah Business Unit (UUS) continued to grow

1H 2023 vs 1H 2022

UUS

UUS

Financing to

NPF

Asset

CASA Ratio

Deposit Ratio

Ratio

5.2%

5.60%

10.58%

0.26%

Rp43.3 trillion

43.30%

71.45%

2.60%

  • Shariah Banking Unit total assets grew by 5.2% YoY, contributing to the Bank's standalone assets by 28.2%.
  • Shariah Financing grew 1.8% to Rp26.5 trillion.
  • Shariah Banking Unit CASA grew strong by 31.0% with CASA ratio improved to 43.30%. The increase in CASA was in line with the Bank's strategy to maintain strong liquidity by optimising low-cost funding.
  • Non-PerformingFinancing (NPF) gross improved to 2.60% in Jun-23 from 2.86% in Jun- 22.

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Disclaimer

PT Bank Maybank Indonesia Tbk published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 07:41:21 UTC.