PT Bank Maybank Indonesia Tbk : Maybank Indonesia Financial Result 9M 2022

1

Earnings

2

Loans Growth

and Asset

Quality

• PBT and PATAMI recorded at Rp1.5 trillion and Rp1.1 trillion respectively, comparatively stable to last year's results.
• NIM improved by 2bps YoY to 4.77% due to continued improvement in cost of funds and growth in CASA.
• Fee income excluding GM-related fees registered at Rp1.2 trillion (flat YoY). On the other hand, GM fees declined 63.7% due to global interest rates environment and volatile market. Total fee income (reported) reduced by 10.4% YoY.
• Overhead cost remained under control at Rp4.3 trillion, slightly increased by 1.6% YoY.
• Provisions decreased by 23.5% YoY to Rp818 billion.
• Overall Loans grew by 12.8% YoY following increasing loan demand, especially for large enterprises and retail loans. GB grew strong by 25.0% YoY and 8.4% QoQ. CFS Retail grew by 13.8% YoY and 5.0% QoQ backed by improving consumer purchasing power.
• Meanwhile, CFS Non Retail declined by 3.6% YoY, although RSME and SME+ managed to book 5.7% and 1.3% YoY growth respectively. BB loans portfolio reduced by 14.9% YoY.
• Gross NPL improved YoY to 3.45% and gross impaired loans ratio improved YoY to 4.20% due to lower NPL and impaired loans balances supported by higher loan balances.
• Loan at Risk (LAR - Bank only) improved to 13.4% in Sep-22 from 21.8% in Sep-21.
• The Bank maintained a prudent banking approach and continued to apply a conservative risk posture.

3

Liquidity and

Funding

Positions

• Funding profile improved as reflected in improvement CASA ratio to 51.75%, exceeding 50% for the first time. Total deposits increased by 5.0% YoY supported by higher CASA growth by 21.6%. Meanwhile TD decreased by 8.4% 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 90.21%, and modified LDR (bank only) at 79.06% as of Sep-22.Liquidity Coverage Ratio (LCR - bank only) quarterly stood at 176.92% as of Sep-22, well above minimum requirement.
• Total Assets grew by 7.1% YoY to Rp164.9 trillion.
• Strong capital position with CAR stood at 24.69% (Tier I at 23.58%).

5

Shariah

Banking Unit

• Shariah Banking Unit total assets grew by 7.0% YoY, contributing 25.7% to the Bank's individual assets.
• Shariah Banking Unit CASA grew significantly by 37.3% with CASA ratio improved to 41.06%. 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 89.73% in Sep-22.
• Non-PerformingFinancing (NPF) gross improved to 2.99% in Sep-22 from 3.80% in Sep-21 as Shariah financing grew.