Malayan Banking Bhd. · MYX:MAYBANK
Malayan Banking Bhd — Shareholder Meeting (April 2015)
15 slides from Malayan Banking Bhd's shareholder meeting presentation, Apr 7, 2015
Slide 1: 55th Annual General Meeting
Humanising Financial Services 55th Annual General Meeting Presentation to Shareholders Questions from the Minority Shareholder Watchdog Group (MSWG) 7 April 2015 0 0 0
Slide 2: Indonesia loan loss provisions
TEST 1. As stated on page 17 of the Annual Report, the Group’s operations in Indonesia had incurred higher loan loss provisions for several of its corporate debtors. a) Could the Board elaborate on the extent of the losses, the security coverage if any, and whether these loans could be recovered in
Slide 3: Indonesia loans growth target for FY2015
TEST b) Would the key performance indicator of between 13% to 15% loans growth for the Indonesia market be achievable in FY2015, given that it is much higher than the figures stated for the Group and domestic operations and also the challenging conditions in that country? The 2015 industry forecast
Slide 4: Reasons for initial and revised FY2014 loans growth targets
TEST c) Please also explain what were the reasons for the initial target of 17% - 20% and the revised 16% –17% loans growth for FY 2014 and why the revised lower target was also not met? The Group’s FY2014 Indonesia loan growth target of 17%-20% was announced during the FY2013 financial results anno
Slide 5: Loan portfolio rationalisation and competitive edge in Indonesia
TEST d) What is the optimum loan portfolio rationalisation for its Indonesian operations and please share on the bank’s competitive edge in the loan segment vis-a-vis its competitors? Our loans portfolio composition as at end FY2014 was 23% global banking, 38% business banking and 39% retail banking
Slide 6: Exposure to 1Malaysia Development Berhad
TEST 2. Please clarify if the Group has any exposure to 1Malaysia Development Berhad, (“IMDB”) and the amount involved. As guided by Section 133 of the Financial Services Act 2013, which mandates that all information concerning clients be treated as confidential, we are unable to comment on any spec
Slide 7: Singapore and Indonesia deliverables and KPIs
TEST 3. Singapore and Indonesian operations remained key investments to the Group, given that their combined total net operating income and profit before tax respectively for FY 2014 at around RM5.3 billion and RM1.6 billion were substantial and constituted about 35.6% and 18% of its Malaysian opera
Slide 8: FY2015 loans growth targets and international PBT contribution
TEST For FY2015, the Group has set a loans growth target of 8%-9% in Singapore (FY2014 achievement was 13.3%) and 13%-15% for Indonesia. Further information on the economic and banking industry outlook of these two markets can be found in the Group’s FY2014 Annual Report under the Economic & Banking
Slide 9: Justification for increase in directors' remuneration
TEST 4. Could the Board explain the justifications of the increase in the remuneration considering that currently many industries including banking is undergoing cost-cutting measures globally. The last time that the remuneration of the non-executive directors was increased was five years ago during
Slide 10: Revision of fees for Chairman, Vice-Chairman and directors
TEST The proposal for the revision of fees for the Chairman, Vice- Chairman and each of the Non-Executive Directors as tabled under Resolution 9 for the approval of our shareholders during this AGM, is therefore driven by our considerations to retain our talented directors and ensure new multi-natio
Slide 11: Consulting firm study and key findings on fees
TEST 5. The identity of the international consulting firm that undertook the study. We chose an internationally experienced consultant commensurate with our need to ensure we obtained robust data and assessment of the context for the remuneration proposal. We are not at liberty to disclose the name
Slide 12: Vice-Chairman role and independent director remuneration
7. Could the Board explain the rationale of the Vice-Chairman position and what is his specific role and responsibilities? Maybank's Memorandum & Articles of Association recognises the position of Vice-Chairman to amongst others represent and/or assume the roles and responsibilities of the Chairman
Slide 13: Additional Information for Shareholders (1/2)
Additional Information for Shareholders (1/2) Independent directors annually have to make their declarations of independence - Pursuant to para 2.26 of BNM guidelines on corporate governance for financial institutions - Declaration of compliance with independent criteria by independent director purs
Slide 14: Additional Information for Shareholders (2/2)
Additional Information for Shareholders (2/2) From the Maybank group perspective based on board proceedings I can categorically say that our directors are true to their declarations of independence. A fit and proper is undertaken every year by the NRC. As mentioned the rationale of the proposed incr
Slide 15: Thank You
THANK YOU Humanising Financial Services 14 14
Malayan Banking Berhad (Maybank) — Shareholder Meeting (April 2015) on 6ix