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  • LEADING ASIA MAYBANK ANNUAL REPORT 2013
Maybank Financial Statemen 2013
Financial Statements Maybank 2013
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Group Financial
Review

“Our double-digit growth in PATAMI to reach RM6.55 billion is reflective of the Group’s concerted focus on increasing top-line, managing efficiency, and improving asset quality. It is through these levers that we have delivered above target ROE at 15.1% on an enlarged capital base and continue to be one of the leading banks in terms of dividend yield.”


Michael Foong
Group Chief Strategy Officer



FY2013 PERFORMANCE HIGHLIGHTS

  • It was another record year for Maybank Group as we delivered a PATAMI of RM6.55 billion and continued to create shareholder value with our ROE of 15.1% exceeding the headline KPI of 15.0%.
  • Our fourth year of double-digit earnings growth was attributed to robust revenue growth, operating efficiencies and improvement in asset quality.
  • Gains seen in Group PATAMI and profit before taxation and zakat (PBT) were mainly due to revenue rising 10.5% y-o-y led by domestic operations growth of 12.1% and international growth of 12.7%.
  • Overseas markets accounted for 30.3% of Group PBT, up from 30.2% a year earlier, with Singapore’s PBT charting y-o-y growth of 9.8% to RM1.25 billion and Indonesia’s PBT increasing 18.8% y-o-y to RM660 million.
  • All lines of businesses saw revenue growth, with Community Financial Services (CFS) up 6.5%, Global Banking higher by 4.0%, Insurance & Takaful increased 10.6% and International Banking rose 3.8%.
  • Maybank Islamic continued to lead the Islamic banking market, with its PBT growing 17.1% y-o-y to RM1.39 billion. Its total gross financing increased 40% to RM86.9 billion, accounting for 38.9% of Maybank’s total domestic financing.
  • Net interest margin (NIM) for the Group contracted 5bps to 2.43% in FY2013 against 2.48% in FY2012, and well within the guidance of 10bps contraction.
  • The Group’s statement of financial position strengthened with total assets of RM560.4 billion and total capital ratio of 15.66% [Based on Capital Adequacy Framework (Capital Components) and Capital Adequacy Framework (Basel II - Risk Weighted Assets issued by BNM)].
  • Asset quality continued to improve with net impaired loans ratio of 0.95% and loan loss coverage of 107.5%.
  • We have proposed a final single-tier dividend of 31 sen per share, amounting to RM2.75 billion. This brings total FY2013 net dividend to RM4.71 billion, representing a net dividend payout ratio of 71.9%.