PT Bank Maybank Indonesia Tbk : Maybank Indonesia Financial Result FY 2022

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