Cimb Group Holdings Bhd · MYX:CIMB
Cimb Group Holdings Bhd — H1 2017 Earnings Presentation
67 slides from Cimb Group Holdings Bhd's earnings presentation, Aug 28, 2017
Slide 1: Analyst Presentation 1H17 Results
CIMB Group Analyst Presentation 1H17 Results 28 August 2017
Slide 2: Agenda
Agenda 1. Key Highlights 2. CIMB Group 1H17 Financials 3. PBT by Segment 3.1 Regional Consumer Banking 3.2 Regional Commercial Banking 3.3 Regional Wholesale Banking 3.4 Group Asset Management & Investments 3.5 Group Funding 3.6 CIMB Islamic 4. T18 Updates 5. Final Remarks 2
Slide 3: 1. Key Highlights
CIMB Group : 1H17 Results 1. Key Highlights
Slide 4: Key Financial Highlights
Key Financial Highlights Operating Income (RM ‘mil) Overhead Expenses (RM ‘mil) Loan Impairment (RM ‘mil) +13.9% Y-o-Y +7.8% Y-o-Y +0.3% Y-o-Y -1.4% Q-o-Q +49.3 % Q-o-Q -0.8% Q-o-Q Net Profit (RM ‘mil) Gross Loans * (RM ‘bil) Deposits (RM ‘bil) +8.2% Y-o-Y +9.6% Y-o-Y +35.3% Y-o-Y -6.5% Q-o-Q -0.7%
Slide 5: Key Ratios
Key Ratios ROE NIM CI -290bps Y-o-Y +180bps Y-o-Y -90bps Q-o-Q +8bps Y-o-Y -1bps Q-o-Q -30bps Q-o-Q LD Loan Loss Charge CET 1 -110bps Y-o-Y +120bps Y-o-Y -5bps Y-o-Y +26bps Q-o-Q +40bps Q-o-Q +70bps Q-o-Q 5
Slide 6: PBT By Segments
PBT By Segments 1H17 1H16 1H17 PBT Growth by Key Divisions Consumer Commercial Wholesale Group Asset Group Banking Banking Banking Management Funding & Investments PPOP Y-o-Y +15.8% +18.1% +9.7% +71.7% +636.8% PBT Y-o-Y -0.4% +2.9% +76.9% -35.8% +697.1% PBT Q-o-Q +13.2% -26.8% -29.7% +44.4% -11.5% 6
Slide 7: PBT By Country
PBT By Country 1H17* 1H16* 1H17* PBT Y-o-Y Growth by Key Countries PPOP Y-o-Y +52.2% +29.8% +9.9% +6.6% PBT Y-o-Y +13.4% +88.8% +80.0% +62.1% PBT Q-o-Q -25.2% +14.0% -32.4% -43.8% Notes: * Excluding HQ costs, mainly comprising of funding costs 7
Slide 8: 2. CIMB Group 1H17 Financials
CIMB Group : 1H17 Results 2. CIMB Group 1H17 Financials
Slide 9: Quarterly Earnings Trend
Quarterly Earnings Trend *RM ’mil Notes: FY15: 2Q15 Excluding MY MSS cost (RM316 mil) and tax on MY MSS (RM79 mil) 3Q15 Excluding tax and MI on ID MSS (RM36 mil) and ID MSS cost (RM134 mil) 4Q15 ID MSS cost (RM32mil) and tax on ID MSS (RM8 mil) 9
Slide 10: Earnings Summary
Earnings Summary (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 6,164 5,451 13.1% 3,118 3,046 2.4% Non interest income 2,524 2,177 15.9% 1,209 1,315 (8.1%) Operating income 8,688 7,628 13.9% 4,327 4,361 (0.8%) Overhead expenses (4,559) (4,228) 7.8% (2,263) (2,296) (1.4%) PPOP 4,129 3,
Slide 11: Key Ratios
Key Ratios (%) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q ROE ~ 9.9 8.1 9.4 10.3 NIM ~** 2.71 2.63 2.71 2.72 Non-interest income / total income 29.1 28.5 27.9 30.2 Cost to income 52.5 55.4 52.3 52.6 Allowance coverage # 77.6 83.5 77.6 79.6 Loan loss charge ~ 0.66 0.71 0.78 0.52 Gross impaired loans ratio 3.2 3
Slide 12: Operating Expenses
Operating Expenses (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Personnel 2,604 2,360 10.3% 1,327 1,277 3.9% Establishment 1,105 1,052 5.0% 525 580 (9.5%) Marketing 149 143 4.2% 83 66 25.8% Admin & General 701 673 4.2% 328 373 (12.1%) Total 4,559 4,228 7.8% 2,263 2,296 (1.4%) Cost to income 52.5% 55.4%
Slide 13: Gross Loans Growth
Gross Loans Growth Loans by Country as at 30 Jun 17 # Divisions / Products (RM ‘bil) 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Consumer Banking (51.6%) 164.6 151.7 8.5% 163.5 0.7% Mortgages 84.1 74.9 12.3% 82.6 1.8% Term Loans 35.7 33.8 5.6% 36.2 (1.4%) Auto 19.6 19.9 (1.5%) 19.6 - Credit Cards 9.4
Slide 14: Deposits Growth
Deposits Growth Deposits by Country as at 30 Jun 17 Divisions / Products (RM ‘bil) 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Consumer Banking (47.1%) 164.4 139.1 18.2% 154.9 6.1% Commercial Banking (13.0%) 45.3 43.0 5.3% 45.9 (1.3%) Wholesale Banking # (39.9%) 139.2 136.3 2.1% 153.2 (9.1%) Total * 3
Slide 15: CASA Growth
CASA Growth CASA by Country as at 30 Jun 17 Country (RM ‘bil) 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia 66.4 60.6 9.6% 65.9 0.8% Indonesia ** 30.5 28.5 7.0% 32.6 (6.4%) Thailand 8.9 10.2 (12.7%) 10.4 (14.4%) Singapore 15.6 10.9 43.1% 15.4 1.3% Others + 2.8 2.2 27.3% 3.0 (6.7%) Total * 124.2
Slide 16: Capital Management : CIMB Group
Capital Management : CIMB Group Capital Ratios Min Req. 11.5% 11.9% 11.3% 10.7% 10.9% CET1 5.125% 12.9% 13.0% 13.4% 12.2% 12.4% Tier 1 6.625% 15.6% 15.8% 16.3% 16.4% 16.8% Total Capital 8.625% Jun-16 ^ Sep-16 # Dec-16 # Mar-17 ~ Jun-17 ~ Leverage Ratio (times) Gearing Ratio Double Leverage Ratio 15.
Slide 17: 3. PBT by Segment
CIMB Group : 1H17 Results 3. PBT by Segment
Slide 18: PBT by Segments
PBT by Segments PBT (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Consumer Banking (39.3%) 1,196 1,201 (0.4%) 635 561 13.2% Commercial Banking (8.1%) 246 239 2.9% 104 142 (26.8%) Wholesale Banking (40.5%) 1,238 700 76.9% 511 727 (29.7%) Corporate Banking (25.8%) 787 350 124.9% 308 479 (35.7%) Treasury &
Slide 19: 3.1 Regional Consumer Banking
CIMB Group : 1H17 Results 3.1 Regional Consumer Banking
Slide 20: Consumer Banking
Consumer Banking (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 2,928 2,624 11.6% 1,484 1,444 2.8% Non interest income 976 908 7.5% 493 483 2.1% Operating income 3,904 3,532 10.5% 1,977 1,927 2.6% Overhead expenses (2,155) (2,021) 6.6% (1,067) (1,088) (1.9%) PPOP 1,749 1,511 15.8% 910
Slide 21: Consumer Banking : Gross Loans
Consumer Banking : Gross Loans Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 124.7 114.6 8.8% 123.0 1.4% Indonesia (IDR ‘bil) 50,427 53,784 (6.2%) 51,138 (1.4%) Thailand (THB ‘bil) 108.3 98.6 9.8% 105.3 2.8% Singapore (SGD ‘mil) 2,893 2,900 (0.2%) 2,907 (0.5%) Others * (RM ‘bi
Slide 22: Consumer Banking : Deposits
Consumer Banking : Deposits Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 99.9 84.5 18.2% 91.5 9.2% Indonesia (IDR ‘bil) 94,001 90,856 3.5% 91,490 2.7% Thailand (THB ‘bil) 110.1 105.0 4.9% 110.1 - Singapore (SGD ‘mil) 6,527 5,078 28.5% 5,974 9.3% Others * (RM ‘bil) 1.1 0.6 83.
Slide 23: 3.2 Regional Commercial Banking
CIMB Group : 1H17 Results 3.2 Regional Commercial Banking
Slide 24: Commercial Banking
Commercial Banking (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 892 828 7.7% 444 448 (0.9%) Non interest income 218 163 33.7% 95 123 (22.8%) Operating income 1,110 991 12.0% 539 571 (5.6%) Overhead expenses (588) (549) 7.1% (285) (303) (5.9%) PPOP 522 442 18.1% 254 268 (5.2%) (Provi
Slide 25: Commercial Banking : Gross Loans
Commercial Banking : Gross Loans Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 17.0 15.1 12.6% 16.7 1.8% Indonesia (IDR ‘bil) 35,211 32,612 8.0% 34,791 1.2% Thailand (THB ‘bil) 37.7 46.6 (19.1%) 38.9 (3.1%) Singapore (SGD ‘mil) 2,623 2,557 2.6% 2,500 4.9% Others * (RM ‘bil) 0.
Slide 26: Commercial Banking : Deposits
Commercial Banking : Deposits Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 20.3 17.4 16.7% 19.4 4.6% Indonesia (IDR ‘bil) 33,004 34,676 (4.8%) 36,553 (9.7%) Thailand (THB ‘bil) 13.2 13.8 (4.3%) 11.9 10.9% Singapore (SGD ‘mil) 3,796 4,313 (12.0%) 3,890 (2.4%) Others * (RM ‘bil
Slide 27: 3.3 Regional Wholesale Banking
CIMB Group : 1H17 Results 3.3 Regional Wholesale Banking
Slide 28: ASEAN Capital Markets Activities
ASEAN Capital Markets Activities Industry ASEAN ECM Industry ASEAN DCM USD ‘mil USD ‘bil +30.5% Y-o-Y +37.8% Q-o-Q +22.6% Y-o-Y +23.5% Q-o-Q Industry ASEAN IPO Industry ASEAN M&A USD ‘mil USD ‘bil +27.8% Y-o-Y -84.2% Y-o-Y +20.6% Q-o-Q +72.0% Q-o-Q Sources: Bloomberg and Dealogic 28
Slide 29: Wholesale Banking
Wholesale Banking (RM ’mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 1,857 1,665 11.5% 949 908 4.5% Non interest income 1,036 947 9.4% 460 576 (20.1%) Total Income 2,893 2,612 10.8% 1,409 1,484 (5.1%) Overhead expenses (1,406) (1,256) 11.9% (694) (712) (2.5%) PPOP 1,487 1,356 9.7% 715 772
Slide 30: Wholesale Banking : Corporate Banking
Wholesale Banking : Corporate Banking (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 1,299 1,141 13.8% 640 659 (2.9%) Non interest income 245 282 (13.1%) 111 134 (17.2%) Operating income 1,544 1,423 8.5% 751 793 (5.3%) Overhead expenses (525) (496) 5.8% (256) (269) (4.8%) PPOP 1,019 9
Slide 31: Wholesale Banking : Gross Loans
Wholesale Banking : Gross Loans Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 35.3 32.6 8.3% 37.9 (6.9%) Indonesia (IDR ‘bil) 94,614 88,940 6.4% 90,053 5.1% Thailand (THB ‘bil) 49.4 53.6 (7.8%) 52.1 (5.2%) Singapore (SGD ‘mil) 5,219 5,253 (0.6%) 5,514 (5.4%) Others * (RM ‘bil)
Slide 32: Wholesale Banking : Deposits
Wholesale Banking : Deposits Country 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Malaysia (RM ‘bil) 58.5 53.0 10.4% 66.0 (11.4%) Indonesia (IDR ‘bil) 47,362 53,760 (11.9%) 48,051 (1.4%) Thailand (THB ‘bil) 47.9 47.5 0.8% 59.6 (19.6%) Singapore (SGD ‘mil) 1,171 2,661 (56.0%) 1,414 (17.2%) Others * (RM
Slide 33: Wholesale Banking : Treasury & Markets
Wholesale Banking : Treasury & Markets (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 437 410 6.6% 246 191 28.8% Non interest income 400 278 43.9% 147 253 (41.9%) Operating income 837 688 21.7% 393 444 (11.5%) Overhead expenses (387) (271) 42.8% (191) (196) (2.6%) PPOP 450 417 7.9% 20
Slide 34: Wholesale Banking : Investment Banking
Wholesale Banking : Investment Banking (RM ’mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 121 114 6.1% 63 58 8.6% Non interest income 391 387 1.0% 202 189 6.9% Operating income 512 501 2.2% 265 247 7.3% Overhead expenses (494) (489) 1.0% (247) (247) - PPOP 18 12 50.0% 18 - 100.0% (Provisi
Slide 35: IB Market Share and Ranking (1)
IB Market Share and Ranking (1) 1H17 1H16 1H17 1H16 Market Market Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 9.3% 3 10.1% 2 Cash Equities 3.9% 6 4.4% 4 IPO 19.3% 1 34.2% 1 IPO 3.5% 10 - - ECM 27.4% 1 23.9% 1 ECM 1.4% 16 - - EQL Products - - - - EQL Products - - - - M&A 6
Slide 36: IB Market Share and Ranking (2)
IB Market Share and Ranking (2) 1H17 1H16 1H17 1H16 Market Market ASEAN Market Market Rank Rank Rank Rank Share Share Share Share Cash Equities 0.2% 72 0.3% 56 Cash Equities 6.0% 2 7.0% 2 IPO 0.2% 56 0.5% 34 IPO 13.0% 2 3.4% 14 ECM 0.2% 64 0.2% 56 ECM 12.0% 1 5.3% 7 EQL Products - - - - EQL Products
Slide 37: 3.4 Group Asset Management & Investments
CIMB Group : 1H17 Results 3.4 Group Asset Management & Investments
Slide 38: Group Asset Management & Investments
Group Asset Management & Investments PBT (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Public Markets 64 40 60.0% 35 29 20.7% Private Markets 24 97 (75.3%) 17 7 142.9% Direct Investments & Others 11 85 (87.1%) 7 4 75.0% Private Equity Fund Management 13 8 62.5% 10 3 233.3% Passive Fund Investments - 4 (
Slide 39: 3.5 Group Funding
CIMB Group : 1H17 Results 3.5 Group Funding
Slide 40: Group Funding
Group Funding (RM ’mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 473 311 52.1% 234 239 (2.1%) Non interest income 71 (44) 261.4% 36 35 2.9% Total Income 544 267 103.7% 270 274 (1.5%) Overhead expenses (264) (229) 15.3% (142) (122) 16.4% PPOP 280 38 636.8% 128 152 (15.8%) (Provisions) / Wr
Slide 41: 3.6 CIMB Islamic
CIMB Group : 1H17 Results 3.6 CIMB Islamic
Slide 42: Group Islamic : Earnings Summary
Group Islamic : Earnings Summary (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net financing income 741 645 14.9% 382 359 6.4% Non financing income 222 188 18.1% 116 106 9.4% Operating income 963 833 15.6% 498 465 7.1% Overhead expenses (339) (308) 10.1% (173) (166) 4.2% PPOP 624 525 18.9% 325 299 8.7%
Slide 43: Malaysia : CIMB Islamic
Malaysia : CIMB Islamic Islamic Financing and Deposits Islamic Residential Mortgages RM ‘bil RM ‘mil +19.7% Y-o-Y +23.4% Y-o-Y +14.6% Y-o-Y +4.7% Q-o-Q +3.9% Q-o-Q +3.2% Q-o-Q Ranking of Total Islamic Assets as at 31 Mar 2017 1H17 1H16 Sukuk Total Assets Market Market Market Rank Company Rank Rank R
Slide 44: 4. T18 Updates
CIMB Group : 1H17 Results 4. T18 Updates
Slide 45: T18 Financial Targets Scorecard
T18 Financial Targets Scorecard T18 Financial Progress: 2016 versus 2015 T18 Targets Highlights 2015 2016 2017 C/I ratio Cost-to- 58.1% 57.4% 55.4% 55.4% improving Income 53.9% 53.6% 53.2% 52.6% 50% within 51.7% 52.3% expectations 11.9% CET1 11.3% 11.5% Capital & RWA 10.9% 10.4% 10.6% 10.7% optimisa
Slide 46: Digital Consumer Banking
Digital Consumer Banking Continuous positive momentum for various Consumer digital initiatives Credit Card Acquisition Cash Lite Revenue Personal Loan Revenue Regional Digital Sales Enablement (“DSE”) Growing momentum across the region as +448% Y-o-Y +232% Y-o-Y +178% Y-o-Y more channels and produ
Slide 47: Commercial Banking
Commercial Banking Improving overall profitability; good momentum in Malaysia Higher profitability in 1H17, but business growth still affected by external environment Continuous focus to improve deposits/ CASA through analytics and targeted cash management solutions PBT Gross Loan Total Deposits RM
Slide 48: Consumer Branch Productivity
Consumer Branch Productivity Operational improvements in Malaysia and Indonesia Malaysia Indonesia CASA per branch CASA per branch +16% Y-o-Y +7% YTD +7% YTD +18% Y-o-Y Branchless Transactions Branchless Transactions % of customer waiting within the target time % of customer waiting within the targe
Slide 49: Cost and Productivity
Cost and Productivity JAWs >6% in 1H17 CIMB Group JAW Ratio Cost Optimisation 6.5 Cost savings initiatives contributed to 6.1 improvement in JAWs 3.4 Constant review on current processes to increase productivity and realise cost saving opportunities, which includes vendor reviews, office space c
Slide 50: T18 Progress : Other 1H17 Updates
T18 Progress : Other 1H17 Updates Wholesale Banking HR Initiatives Footprint Expansion RWA and client profitability Culture: Expanding change Vietnam: On-going effort to Rollout of RWA optimisation agent network via Business operationalise Ho Chi Minh City initiatives across the region Sponsor and
Slide 51: 5. Final Remarks
CIMB Group : 1H17 Results 5. Final Remarks
Slide 52: Targets for 2017
Targets for 2017 1H17 FY17 Target # ROE 9.9% 9.5% Dividend Payout Ratio 52% 40% - 60% Total Loans Growth * 8.2% (5.5%**) 7.0% # Loan Loss Charge 0.66% 0.60% - 0.65% CET 1 (CIMB Group) 11.9% >11.5% Cost to income 52.5% <53.0% Notes: * Excluding bad bank ** Excluding FX fluctuations # Annualised 52
Slide 53: Final Remarks
Final Remarks Expect gradual pickup in loans growth in 2H17 with moderating NIMs Capital and cost management initiatives and progress to continue Malaysia should stay steady; driven by Consumer Banking and normalised provisions CIMB Niaga and CIMB Thai to grow in tandem with economic conditions with
Slide 54: Thank You
THANK YOU 54
Slide 55: Appendices
CIMB Group : 1H17 Results Appendices
Slide 56: PPOP by Segments
PPOP by Segments PPOP (RM ‘mil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Consumer Banking (42.4%) 1,749 1,511 15.8% 910 839 8.5% Commercial Banking (12.6%) 522 442 18.1% 254 268 (5.2%) Wholesale Banking (36.0%) 1,487 1,356 9.7% 715 772 (7.4%) Corporate Banking (24.7%) 1,019 927 9.9% 495 524 (5.5%) Treasury &
Slide 57: Consumer Banking Key Highlights
Consumer Banking Key Highlights Y-o-Y Q-o-Q Y-o-Y Q-o-Q Consumer Gross Loans * 8.8% 1.4% Consumer Gross Loans (6.2%) (1.4%) Mortgages 12.0% 2.5% Mortgages 9.4% 2.9% Term loans 6.3% (0.7%) Auto (36.1%) (10.9%) Auto 3.6% 1.4% Credit cards 13.1% 1.4% Credit cards 3.8% 1.9% Consumer Deposits 3.5% 2.7% C
Slide 58: Consolidated Balance Sheet Changes
Consolidated Balance Sheet Changes (RM ‘mil) 30 Jun 17 30 Jun 16 Y-o-Y 31 Mar 17 Q-o-Q Cash & short term funds 40,081 31,613 26.8% 39,406 1.7% Securities purchased under resale agreements 6,728 7,076 (4.9%) 7,328 (8.2%) Deposits & placements with financial institutions 2,664 2,914 (8.6%) 3,253 (18.1
Slide 59: Asset Quality Ratios – CIMB Group
Asset Quality Ratios – CIMB Group 84.2% 84.7% 84.8% 82.7% 83.5% 79.2% 80.6% 79.8% 79.6% 77.9% 76.6% 84.4% 84.4% 77.6% 83.6% 83.0% 74.2% 81.8% 80.0% 79.3% 79.0% 77.4% 76.9% 77.0% 75.6% 71.9% 3.1% 3.3% 3.2% 3.3% 3.4% 3.2% 3.2% 3.3% 3.2% 3.2% 3.1% 3.0% 3.0% 3.2% 3.1% 3.2% 3.0% 3.1% 2.7% 2.9% 2.8% 2.9%
Slide 60: AFS MTM (Q-o-Q) Position
AFS MTM (Q-o-Q) Position Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 60
Slide 61: CIMB Niaga : Earnings Summary
CIMB Niaga : Earnings Summary (IDR ‘bil) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q Net interest income 6,329 5,813 8.9% 3,233 3,096 4.4% Non interest income 1,406 1,464 (4.0%) 690 716 (3.6%) Operating income 7,735 7,277 6.3% 3,923 3,812 2.9% Overhead expenses (3,752) (3,669) 2.3% (1,879) (1,873) 0.3% PPOP 3,9
Slide 62: CIMB Niaga : Key Ratios
CIMB Niaga : Key Ratios (Consolidated, %) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q ROE ^ 7.9 4.7 8.4 7.4 NIM ^ 5.87 5.47 6.05 5.71 Cost to Income 48.5 50.4 47.9 49.1 Loan Loss Coverage # 109.3 120.9 109.3 117.6 Allowance Coverage 83.6 95.6 83.6 89.5 Loan Loss Charge ^ 2.4 2.8 2.4 2.3 Gross Impaired Loans Rat
Slide 63: CIMB Thai : Earnings Summary
CIMB Thai : Earnings Summary Before GAAP Adjustments 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q (THB ‘mil) Net interest income 4,977 4,876 2.1% 2,514 2,463 2.1% Non interest income 1,406 1,612 (12.8%) 739 667 10.8% Operating income 6,383 6,488 (1.6%) 3,253 3,130 3.9% Overhead expenses (3,419) (3,490) (2.0%) (1
Slide 64: CIMB Thai : Key Ratios
CIMB Thai : Key Ratios (Consolidated, %) 1H17 1H16 Y-o-Y 2Q17 1Q17 Q-o-Q ROE ^ 3.5 2.7 5.0 1.8 NIM ^ 3.81 3.79 3.86 3.77 Cost to Income 53.6 53.8 51.4 55.8 Loan Loss Coverage ** 84.0 92.8 84.0 81.2 Loan Loss Charge ^ 2.4 2.5 2.3 2.5 Gross NPL ratio ** 5.4 4.3 5.4 5.3 Net NPL ratio ** 2.9 2.3 2.9 3.0
Slide 65: 1H17 Notable Deals
1H17 Notable Deals DCM DCM Cahya Mata Sarawak Bhd Frasers Hospitality Trust RM2.0 bil Islamic Medium Term Notes SGD120 mil Senior Unsecured Fixed Rate Programme Notes due 2022 Sports Toto Malaysia Sdn Bhd IPO RM800 mil Medium Term Notes Eco World International Bhd Programme irrevocably and RM2.6 bil
Slide 66: Corporate Responsibility (1)
Corporate Responsibility (1) CIMB Foundation Regional CSR Medical Camp for Nabawan community at Kg. Let’s Save and Share (Ayo Menabung Dan Berbagi) Pensiangan in Keningau, Sabah in Pematangsiantar, North Sumatera Comprehensive medication and advice on healthier Interactive basic financial literacy i
Slide 67: Corporate Responsibility (2)
Corporate Responsibility (2) Medical Camp for Nabawan Hospitality Training at Monfort Edible Garden for Schools in Community in Keningau, Sabah Boys Town Training Centre Perlis and Terengganu Celebration of Gawai, Kaamatan “Let’s Save and Share” in North Science Classroom at Bann & Jis Pai in Kuala
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