Page 1

Press Release Maybank 26 August 2021 Maybank 2QFY21 Net Profit at RM1.96b Softer earnings compared with 1QFY21 as a result of pandemic resurgence 2QFY21 at a glance ( Y - o - Y ) Net fee based income 27 % lower year - on - year ( Y - o - Y ) at RM1.32b Net fund based income rose 26.4 % to RM4.85b Net operating income at RM6 . 17b from RM5.65b Overhead expenses registered 7.9 % increase to RM2.92b Pre - provisioning operating profit at RM3.25b from RM2.94b Net impairment losses at RM567.2m compared with RM1.74b last year Profit before tax at RM2.73b from RM1.26b a year ago Net profit at RM1.96b from RM941.7m Healthy liquidity position with Group Liquidity Coverage Ratio ( LCR ) at 137.20 % Robust capital position : 17.42 % Total Capital Ratio & 14.20 % Common Equity Tier - 1 ( CET1 ) Capital Ratio ( after interim dividend and assumption of 85 % reinvestment rate ) Maybank , Southeast Asia's fourth largest bank by assets , today said that its net profit for the second quarter ended 30 June 2021 ( 2QFY21 ) came in at RM1.96 billion compared with RM941.7 million in 2QFY20 as loans continued to grow , net interest margin ( NIM ) expanded from a more cost - effective funding mix and impairments came in lower compared with a year earlier . Profit before tax ( PBT ) for the second quarter stood at RM2.73 billion from RM1.26 billion last year . The Group recorded a steady growth in net operating income for the quarter which came in 9.3 % higher at RM6.17 billion from a year earlier . This was on the back of a 26.4 % improvement in net fund based income as a result of loans expansion and strong growth in low - cost current and savings accounts ( CASA ) deposits , which more than offset the 27.0 % decline in net fee based income which was mainly attributable to the impact from the movement restrictions in the region . Additionally , net fund based income last year was lower as there was a significant Day- 1 modification loss owing to the six - month blanket moratorium effective 1 April 2020 . 2QFY21 vs 1QFY21 Compared with the preceding first quarter of FY2021 , the Group's earnings were , however , 18.0 % lower than the RM2.39 billion net profit registered in 1QFY21 , mainly owing to a decline in net fee based income arising from the impact of the sudden res urgence of the COVID - 19 pandemic as well as higher marked to - market losses and overhead expenses . 1HFY21 vs 1HFY20 For the six months ended 30 June 2021 ( 1HFY21 ) , the Group saw net fee based income ease by 16.5 % to RM3.50 billion from RM4.19 billion in 1HFY20 owing primarily to lower investment disposal gains and marked - to - market losses . This was , however , offset by the increase in net fund based income which came in 16.1 % higher at RM9.50 billion as loans grew and NIMs expanded as a result of strong CASA growth . Consequently , net operating income for 1HFY21 came in at RM13 billion , rising 5.1 % from RM12.37 billion previously while pre - provisioning operating profit rose 7.9 % to RM7.26 billion . 1