AMMB Holdings Bhd. · MYX:AMBANK

AMMB Holdings Bhd — FY2014 Earnings Presentation

62 slides from AMMB Holdings Bhd's earnings presentation, May 20, 2014

  1. Slide 1: FY2014 Results – Investors Presentation

    20 May 2014 FY2014 Results – Investors Presentation Ashok Ramamurthy, Group Managing Director Your Bank. Malaysia’s Bank. AmBank. FY2014 Results – Investors Presentation 1

  2. Slide 2: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  3. Slide 3: FY2014 Performance Highlights

    FY2014 Performance Highlights 1 Consistent & sustainable  7th consecutive year of record performance, positive ROE trend  Achieved FY2014 financial performance aspirations  PATMI up 10.0% yoy, ROE of 14.1%  Discipline approach to cost management, CTI of 45.5% despite planned investment  Sound a

  4. Slide 4: FY2014 Key Financial Achievements

    FY2014 Key Financial Achievements Financial FY2014 FY2014 Achievements Aspirations Aspirations Performance PATMI 10 – 12% 10.0% P ROE 14.0 – 14.5% 14.1% P ≤47% CTI ≤45% (Banking Group) 45.5% 43.3% P Gross impaired loans ratio ≤2.0% 1.86% P Interim: 7.2sen/share Dividend payout 40 – 50% Payout Propo

  5. Slide 5: Progressively delivering on our strategic agenda

    Progressively delivering on our strategic agenda 1 Achieved synergies, both integration on track: Integrate  Kurnia – Achieved total cost synergies of RM63.7 mil. Maintained #1 motor insurer acquisitions and  MBF – Achieved RM20.6 mil synergies. Maintained position as top 3 merchant acquiring deli

  6. Slide 6: Performance on target, with improved cost management

    Performance on target, with improved cost management PATMI ROE PATMI & ROE CAGR FY07-14: 18.1% CAGR FY07-14:2.8% ROA CAGR FY07-14: 0.23% YoY growth: 10.0% YoY growth: 0.2% YoY growth: 0.08% (%) PATMI (RM'mil) ROE (%) 13.8% 13.9% 14.1% 13.6% 11.5% 11.7% 11.5% 1.45% 1,782 1.39% 1.39% 1.37% 1,621 1,484

  7. Slide 7: Sound risk and capital profiles, focusing growth in targeted segments

    Sound risk and capital profiles, focusing growth in targeted segments Customer Customer Deposits CASA CAGR FY07-14: 8.2% Deposits2 & CASA CAGR FY07-14 : 11.5% YoY growth: 5.6% CAGR FY07-14: 19.8% YoY growth: 11.2% Net Net Lending Lending Net lending YoY growth: 5.6% Gross lending YoY growth: 5.3% Cu

  8. Slide 8: Stronger growth in retail banking and insurance businesses

    Stronger growth in retail banking and insurance businesses Retail Banking Wholesale Banking1 PAT (RM‟mil) PAT (RM‟mil)  5.1% 1,058 1,112 1,055  9.2% 744 646 674 566 592 537 509 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 General Insurance Life Assurance & Family Takaful PAT (RM‟mil) PAT (RM‟

  9. Slide 9: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  10. Slide 10: Our strategic partnership with MetLife

    Our strategic partnership with MetLife Transaction Highlights Strategic Partnership  19 Dec 2013: AmBank Group and MetLife reached agreement to seek regulatory approvals  28 Apr 2014: Signed strategic partnership for the Life and Family Takaful businesses, total consideration of RM812 mil. The fin

  11. Slide 11: Aligned vision with complimentary strengths

    Aligned vision with complimentary strengths Creating a modern, innovative, customer centred insurer Strong domestic Domestic market Financial strength Global expertise reputation & brand insights & heritage and “IP” transfer Leading innovative Multi channel Nationwide product Integrated expertise ne

  12. Slide 12: Working together to capture domestic growth opportunities

    Working together to capture domestic growth opportunities Transaction Collaborative Integration 19 Dec 13 1 Apr 14 28 Apr 14 30 Apr 14 6 May 14 ~12 months AMMB & Obtained Signed share Completion Unveiled new Today Completion of MetLife regulatory sale & brands collaborative reached approvals exclusi

  13. Slide 13: Partnership to deliver innovative and customer centric financial planning and protection products

    Partnership to deliver innovative and customer centric financial planning and protection products  Reaffirms AmBank Group‟s commitment and focus on delivering our strategic agenda o Accelerate recurring non-interest income Strategic Fit o Enhance cross-selling efforts and leverage banking platforms

  14. Slide 14: Integrations of Kurnia and MBF on track

    Integrations of Kurnia and MBF on track  RM1.627 bil cash purchase price (valuation: P/B 1.95x based on net assets @ 30 Jun 2012)  GWP of >RM1.7 bil (~10% market share), >3.6 mil policyholders  Integration on track: o All functions consolidated to the single operating model and established 32 dua

  15. Slide 15: FY2014 Results – Investors Presentation

    20 May 2014 FY2014 Results – Investors Presentation Mandy Simpson, Chief Financial Officer Your Bank. Malaysia’s Bank. AmBank. Your Bank. Malaysia’s Bank. AmBank. FY2014 Results – Investors Presentation 15

  16. Slide 16: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  17. Slide 17: Impact of new accounting standards

    Impact of new accounting standards FY2014 FY2014 (Before adoption) (Reported) PATMI (yoy growth) +10.6% +10.0% ROE 14.3% 14.1% CTI 45.3% 45.5% NIM 2.61% 2.68% Non-interest income % 35.8% 33.9% Income (yoy growth) +8.5% +8.3% Expenses (yoy growth) +3.0% +3.1% Your Bank. Malaysia’s Bank. AmBank. FY201

  18. Slide 18: Strong QoQ performance underpinned by cost management

    Strong QoQ performance underpinned by cost management PATMI QoQ growth: 11.5% PATMI & ROE ROE QoQ growth: 1.5% CTI QoQ change: -2.1% PATMI (RM'mil) (%) ROE (%) 15.5% 15.1% 14.6% 50.7% 51.9% 13.0% 13.2% 13.8% 13.9% 13.1% 47.7% 47.6% 45.4% 44.3% 42.5% 42.2% 440 462 441 464 383 393 405 416 Q1FY13 Q2FY1

  19. Slide 19: Non-interest income and better cost control underpinned results

    Non-interest income and better cost control underpinned results Growth  3.6%  18.7%  8.3%  3.1%  13.1%  7.6%  14.5%  21.4%  12.5% >100.0%  10.0% 1,782.4 mil 1,620.7 mil PATMI Net Interest Non-Interest Total Provisions/ Tax & PATMI Expenses PBP PBT PAT MI FY13 Income Income income Allowanc

  20. Slide 20: Retail and insurance divisions delivered stronger profit growth

    Retail and insurance divisions delivered stronger profit growth PATMI by Divisions Growth  9.2%  5.1%  50.6% >100.0% 80.1% >100.0%  8.2%  10.0% 1,782.4 mil 1,620.7 mil 17% 14% 83% 86% Life PATMI General Assurance & Operating PATMI Retail Wholesale MI Islamic * FY13 Insurance Family Segments

  21. Slide 21: Diversified income contribution across the divisions

    Diversified income contribution across the divisions Income by Divisions YoY Growth 6.1%  1.2%  30.8%  >100.0%  33.0%  8.3% 4,731.4 mil 89.0 -9.9 -34.0 139.0 4,369.1 mil 68.8 64.8 3.5 45.5 12.0 -16.4 34% 31% 34% 31% 66% 69% 66% 69% Total Income FY13 Retail Wholesale AmG AmLife + AmFam OptSeg T

  22. Slide 22: Strong NonII growth, reflecting higher cross-sell penetration

    Strong NonII growth, reflecting higher cross-sell penetration Non-interest income movement As % of total income 31% 34% Growth  24.0%  1.8%  5.7%  3.3%  10.1% 18.8%  33.6%  <100.0%  27.7%  37.0% >100.0%  88.6% >100.0%  18.7% 1,602.7 mil 1,349.8 mil Retail: +53mil Wholesale: +11mil Fees

  23. Slide 23: Margin compression in retail, COF progressively improving

    Margin compression in retail, COF progressively improving NIM and COF (YOY) SRR 4.00% 4.00% 4.00% 4.00% MFRS 10 3.13% 3.10% 3.10% 3.09% COF 2.98% 2.94% 4.00% 2.92% 4.00% 4.00% 3.00% 4.00% 3.00% 3.00% 3.00% OPR 3.13% 3.10% 3.10% 3.09% 2.98% 2.94% 2.92% 2.75%3.00% 2.68% 2.75% 3.00% 2.68% 3.00% 2.72% 3

  24. Slide 24: Expenses well managed despite acquisitions and planned investments

    Expenses well managed despite acquisitions and planned investments Expense growth drivers CTI YoY Growth 47.8% 45.5% RM’mil  3.2%  2.8%  9.0%  7.8%  35.5%  3.1% 2,150.9 2,087.0 Marketing & Synergistic FY13 Personnel Establishment Admin & others FY14 Comm benefit cost % of Composition 58% 24% 8

  25. Slide 25: Good asset quality, loan loss coverage higher than industry

    Good asset quality, loan loss coverage higher than industry Asset quality indicators Loan Loss Coverage  195 bps 10.4% MFRS 139 MFRS 139 AmBank Group 129.3% 114.6% 127.4% GP 3 6.3% 99.6% 95.6% 104.6% 6.2% 4.1% Industry 2.8% 2.89% 2.63% 2.43% 3.7% 3.81% 1.5% 3.33% 3.18% 2.6% 2.45% 1.98% Industry AmB

  26. Slide 26: Growth in selective customer segments and economic sectors

    Growth in selective customer segments and economic sectors Gross Loan / Financing movement Retail Non retail  1.1%  11.2%  1.0%  8.5%  7.8%  5.7%  11.5%  11.1%  3.8% 5.3% 89.3bil Non-retail 84.8bil 44% 42% Retail 56% 58% Gross Loan Auto Asset Gross Loan Mortgage Cards Co-op Wholesale Other

  27. Slide 27: Loans AmBank Group vis-à-vis Industry

    Loans AmBank Group vis-à-vis Industry AmBank Group Loans by YoY Loans Mar’14 Mar-14 purpose growth composition Loans Growth by Sector Mar-14 Purchase of securities 3.4 +35.4% 3.8% Loans 4.3% 3.4% 9.2% 1.5% 5.2% 6.5% 3.2% 3.0% 8.7% 1.7% 53.0% 0.1% Composition Purchase of transport 27.3 -2.4% 30.5% ve

  28. Slide 28: Diversified funding profile

    Diversified funding profile Customer deposits driven by focus Improving CASA composition on CASA CAGR FY10-14: 21.7%  14.2%  4.3%  11.2%  4.4%  4.1%  5.6% RM’bil 20% 20% 21% 17% 17% 19% 12% 14% 14% 12% 98.3 18.7 16.8 18.0 16.8 13.2 93.1 10.4 13.2 8.5 10.4 8.5 Cust Term Cust Term Deposits Curre

  29. Slide 29: Deposits profile

    Deposits profile AmBank Group Deposits Growth by Type Mar'13 Mar'14  4.3%  14.2%  11.2%  4.4%  5.8% RM’bil 89.6 AmBank Group Core Deposits Composition 70.9 5.9% 15.0% 84.7 67.9 79.1% 18.7 13.5 5.3 16.8 5.1 11.8 Savings Current Account Fixed Deposits Savings Current Account CASA Fixed Deposits C

  30. Slide 30: Adopted Basel III, balancing capital for growth and returns

    Adopted Basel III, balancing capital for growth and returns  Adopted Basel III at banking entity level: • The aggregated banking entities of the Group remain well capitalised and operated within internal target capital levels for FY2014: o CET1: 8.5% ± 1.0% o T1: 10.5% ± 1.0% o Total Capital: 14.5%

  31. Slide 31: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  32. Slide 32: Financial services outlook

    Financial services outlook MALAYSIA: Moderate Growth Expected in 2014 BANKING: Opportunities & challenges  Global growth to improve moderately  Monetary policy will remain prudent to support the economic growth and contain inflationary pressure • US to expand firmly, while euro-area is turning fro

  33. Slide 33: AmBanking on a new journey FY2015 – 17

    As Malaysia’s preferred diversified, internationally AmBanking on a new journey connected financial solutions group, we take pride in growing your future with us. Pre ANZ FY2008 – 10 FY2011 – 12 FY2013 – 14 FY2015 – 17  Focused Growth Reposition, Build Scale & Aggressively Invest, Presence New Grow

  34. Slide 34: Strategic Priorities FY15 – 17

    Strategic Priorities FY15 – 17… bringing our performance to the next level Focused growth Leverage investments Optimise enablers  Retail: build new value segments, grow mass market 1  Wholesale: grow franchise value by targeting value segments, customer Deliver on focused centricity, and deeper

  35. Slide 35: Key performance indicators

    Key performance indicators FY2013 FY2014 FY2015 FY2016 – 17 (Restated) (Reported) PATMI 1,782.4 1,620.7 Circa 10% 9 – 11% (RM’mil) (10.0% yoy) ROE (%) 13.9% 14.1% 14.2% - 14.5% 14.5% - 15.5% 47.8% 45.5% ≤45%; ≤44%; CTI (%) 44.3% 43.3% ≤43% ≤42% (Banking Group) (Banking Group) (Banking Group) (Banki

  36. Slide 36: FY15 – 17 Strategic Priorities

    Summary 1 Economic and banking outlook: Expecting moderate growth with some potential headwinds in retail sector 3 FY15 – 17 Strategic Priorities: 1. Deliver on focused organic growth 2 2. Leverage strategic partnerships & deliver on acquisitions 3. Continue to optimise efficiency 4. Build sustainab

  37. Slide 37: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  38. Slide 38: Retail Banking

    Retail Banking Aspirations Re-orient to higher value segments, extract value from core mass • Higher profits reflects full year acquisition benefits and higher recoveries as a result of rigorous collection initiatives Higher • Good customer and low-cost deposits growth underpinned by new thematic ma

  39. Slide 39: Wholesale Banking

    Wholesale Banking Coverage: Maximising franchise value through holistic coverage & cross sell – full understanding of customer needs, Aspirations distinguishing service by complexity, allocating specialists intelligently to grow sustainable profitability Products: To offer innovative, quality produc

  40. Slide 40: General Insurance

    General Insurance Aspirations Dominate in auto insurance and diversify into non-motor segment Improved performance, benefiting • Higher premium growth, stronger net earned premium and improved underwriting profit benefiting from enlarge entity from positive contributions • Higher expenses reflects e

  41. Slide 41: Life Assurance & Family Takaful

    Life Assurance & Family Takaful Life Assurance: To be Top 5 Life Insurer in Malaysia by FY2019 Aspirations Family Takaful: To be Top 7 Takaful Operator by FY2018 • Stronger gross written premiums from both agency and corporate channels Stronger • Working together with MetLife International Holdings

  42. Slide 42: Islamic Banking

    Islamic Banking Aspirations To be the Islamic Bank of choice Strong • Higher income backed by financing growth as a result of increased focus to feature Islamic banking products & services, deposits & and greater emphasis was placed to grow GLC and GLIC business while capitalising on ETP related pro

  43. Slide 43: Group Operating Segments

    Group Operating Segments • Includes funding cost to support recent acquisitions • Lower expenses reflect good cost control • MI represents non-controlling interests within the Group PAT Growth  33.0%  5.1%  40.3% >100%  62,8% >46.1%  80.1%  >100% 20.9% 3.0% FY14 PAT (composition to Group) -

  44. Slide 44: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  45. Slide 45: Accounting for acquisition of Kurnia and new accounting policies

    Accounting for acquisition of Kurnia in previous financial year and adopted new accounting policies, applied retrospectively 1 Amortisation of intangible assets FY2013 Adjusted for intangible assets and residual goodwill upon completion of the purchase price allocation arising from acquisition of 42

  46. Slide 46: Diversifying funding sources and maturity profile

    Diversifying funding sources and maturity profile Funding diversity underpinned by CASA: RM18.7 billion Fixed deposits: RM70.9 billion LDR1 of 88.7% (yoy growth = 11.2%) (strong retention) Supplemented by term funding & debt capital AMMB Holdings Bhd AmBank (M) Bhd AmIslamic Bank Bhd AmBank (M) Bhd

  47. Slide 47: ANZ & AmBank Partnership

    ANZ & AmBank Partnership Partnership with ANZ ANZ diversified footprints in Asia Value proposition • Seconding ANZ staff into key roles • Providing technical expertise • Support new product development • Two-way customer referrals • Joint account planning JAPAN • Access to regional network & connect

  48. Slide 48: AmGeneral: Leveraging strategic partnership with global insurance partner

    AmGeneral: Leveraging strategic partnership with global insurance partner GENERAL INSURANCE Partnership with IAG General Insurance Credentials Value proposition • Involved in the management of AmGeneral Insurance, offering skills transfer, partnership and relationship • AmG completed the Kurnia acqu

  49. Slide 49: Multiple distribution channels aligned to demographics

    Multiple distribution channels aligned to demographics Nationwide Branch Network Regional Branches ATM Business Centres Perlis Perlis 1 4 Kedah Kedah 6 30 Kelantan Pulau Pinang Pulau Pinang 14 51 1 Terengganu Sabah Perak Labuan Perak 19 51 Brunei Darussalam Selangor 39 258 Pahang Kuala Lumpur 24 142

  50. Slide 50: Solid shareholding structure & franchise value

    Solid shareholding structure & franchise value As at 31 Mar 2014 33.33% Bonuskad 100% MBF Cards (M’sia) Loyalty Sdn Sdn Bhd Bhd AMMB 100% AmBank (M) Holdings Berhad Banking Berhad AmIslamic Bank 100% Berhad AmCorp Group Bhd, 14.4 % Capital 100% AmInvestment Markets Bank Berhad Other shareholders, 46

  51. Slide 51: Banking sector share price movement / target price and recommendations

    Banking sector share price movement / target price and recommendations Banking Sector Share Price Movement Upgraded ratings Ratings FY2007 FY2014 HLFG 130.6% AmBank (M) RAM A2/P1/Stable AA2/P1/Stable +3 PBB 102.0% Fitch BBB-/F3/Stable BBB/F3/Stable +1 AMMB 83.4% S&P BBB-/A-3/Stable BBB+/A-2/Negative

  52. Slide 52: Strategic Business Transformation: Continued Progress

    Strategic Business Transformation: Continued Progress Strategic High Priority Governance & Business Growth Enablement Initiatives Functions Transformation  Launched a new brand re-positioning, “Your Bank. Malaysia‟s Bank. AmBank.”, a new chapter for our brand to deliver a unique AmBank Group experi

  53. Slide 53: High Priority Growth Initiatives: Implemented To-Date

    High Priority Growth Initiatives: Implemented To-Date Strategic High Priority Governance & Business Growth Enablement Transformation Functions Initiatives  Channels re-organisation to improve customer connectivity and experience (e.g. branch re- design and rationalisation; reposition digital bankin

  54. Slide 54: Governance and Enablement Functions Streamlined

    Governance and Enablement Functions Streamlined: Supports Better Decision Making Strategic High Priority Governance & Business Growth Enablement Transformation Initiatives Functions  Rebuilding AmBank‟s “Core Banking System” via AmHorizon, creating a scalable and robust platform for growth with enh

  55. Slide 55: Agenda

    AGENDA Page 1. EXECUTIVE SUMMARY 3 2. STRATEGIC PARTNERSHIP/INTEGRATION UPDATES 10 3. FY2014 GROUP FINANCIAL PERFORMANCE 17 4. OUTLOOK & STRATEGIC PRIORITIES 32 5. DIVISIONAL STRATEGY & PERFORMANCE 38 6. SUPPLEMENTARY INFORMATION 45 - AMBANK GROUP - ECONOMY & INDUSTRY Your Bank. Malaysia’s Bank. AmB

  56. Slide 56: Malaysian economy is on a steady growth trajectory

    Malaysian economy is on a steady growth trajectory Upward pressure on inflation remains, Moderating growth unemployment rates stable 5% 30% 4% 25% 3.5% 20% 3% 3.2% 15% 2% 10% 7.3% 6.7% 1% 5% 4.1% 4.4% 5.0% 5.1% 0% 0% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Mar JuneSept Dec Mar JuneSept Dec M

  57. Slide 57: Well-contained risks despite increase in household indebtedness

    300.0 Well-contained 200.0 risks despite increase in household 44% indebtedness 100.0 Higher household debt, but retail Household - debt by compositions impaired loans ratio trending down 2010 2011 2012 2013 % of composition RM‟bil 100.0% 900.0 86.8% 4% Others 90.0% 81.3% 800.0 HH debt Residential p

  58. Slide 58: Capital remains sound in the banking sector, loans growth moderating

    Capital remains sound in the banking sector, loans growth moderating Capital levels above BNM’s Basel 3 Capital activities supported by debt guidelines issuance 20% RM‟bil Basel II Basel III 50 14.4% 45 15% 40 12.8% 35 12.0% 10% 30 25 20 5% 15 20.5 10 0% 5 4.2 June Jun Jun Jun Sept Dec Dec Dec Dec S

  59. Slide 59: ETP: Propelling Malaysia towards becoming a high-income nation by 2020

    ETP: Propelling Malaysia towards becoming a high-income, developed nation by 2020 INVESTMENT & 182 Projects GROSS NATIONAL JOB CREATION TRANSFORMATIONAL Initiated INCOME ACTIONS Target RM1.7 trillion 3.3 million RM1.4 trillion To-date RM250.1 billion 513,000 RM214.0 billion % of Target 14.7% 15.5% 1

  60. Slide 60: Malaysia remains an attractive investment destination

    Malaysia remains an attractive investment destination GDP per capita, 2014 (USD) Real GDP growth Unemployment (%) Inflation (%) 2013 2015F Singapore 55,568 Philippines Indonesia 2.4 3.4 6.9% 5.5% Malaysia 11,387 1.5 9.1 Indonesia 6.1% Vietnam 6.3% Thailand 5,450 5.3 4.7 Vietnam 4.4% Philippines 4.0%

  61. Slide 61: Glossary / Disclaimer of warranty and limitation of liability

    Glossary / Disclaimer of warranty and limitation of liability Reported Performance Reported performance refers to the financial performance as reported in the audited financial statements and disclosed to the market One Offs One offs comprise those impacts on financial performance that arise from ch

  62. Slide 62: Glossary / Disclaimer of warranty and limitation of liability

    Glossary / Disclaimer of warranty and limitation of liability The material in this presentation is general background information about AmBank Group‟s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended t

AMMB Holdings Berhad (AmBank Group) — FY2014 Earnings Presentation on 6ix