Public Bank BhdMYX: PBBANK

2026 First Quarter Financial Results

May 14, 2026 at 5:15 AM UTC · Issued by Public Bank Bhd

	31 March	31 December		31 March		31 December
Note	2026 RM'000	2025 RM'000		2026 RM'000		2025 RM'000
ASSETS
Cash and balances with banks	17,874,284	16,828,730		11,171,101		10,906,844
Reverse repurchase agreements Financial assets at fair value through profit or loss A8	2,636 4,724,633	1,642 3,978,524		2,636 1,917,059		1,642 1,484,221
Derivative financial assets A28 Financial investments at fair value through other comprehensive income A9	644,848 50,424,948	224,574 50,198,502		641,929 31,070,569		221,437 30,756,059
Financial investments at amortised cost A10	30,690,325	30,821,009		23,415,915		23,460,678
Reinsurance contract assets	939,615	957,827		-		-
Loans, advances and financing A11	448,712,832	442,333,231		336,921,375		331,560,188
Other assets A12	4,708,637	4,692,208		4,192,751		4,176,571
Statutory deposits with Central Banks	4,456,147	4,441,274		2,860,148		2,810,417
Deferred tax assets	404,921	426,913		236,356		270,095
Collective investments	-	-		6,986,805		6,929,594
Investment in subsidiary companies	-	-		8,981,661		8,981,661
Investment in associated companies	457,771	441,227		67,500		67,500
Investment properties	691,180	694,875		-		-
Right-of-use assets	1,196,675	1,215,244		993,521		1,004,196
Property and equipment	1,319,215	1,309,760		579,325		575,102
Intangible assets	3,063,986	3,085,617		695,393		695,393
TOTAL ASSETS	570,312,653	561,651,157		430,734,044		423,901,598
LIABILITIES
Deposits from customers A13	453,074,663	447,113,622		336,067,196		331,377,580
Investment accounts of customers Deposits from banks and other financial institutions A14	50,308 11,945,475	- 14,625,343		- 14,642,386		- 15,864,450
Obligations on securities sold under
repurchase agreements	10,196,658	5,624,576	7,911,334		5,191,515
Bills and acceptances payable Recourse obligations on loans and financing sold to Cagamas	238,327 6,200,017	155,667 6,200,017	238,224 5,200,017		154,739 5,200,017
Derivative financial liabilities A28	400,096	641,642	404,761		637,745
Insurance contract liabilities Debt securities issued and other borrowed funds B9	2,327,266 14,321,171	2,387,044 12,649,937	- 11,381,740		- 9,710,537
Lease liabilities	895,340	906,189	1,073,804		1,081,534
Other liabilities A15	8,258,151	8,135,734	6,338,190		6,160,519
Provision for tax expense and zakat	521,613	467,561	388,345		337,895
Deferred tax liabilities 305,366 302,217			-		-
TOTAL LIABILITIES 508,734,451 499,209,549			383,645,997		375,716,531

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

		31 March	31 December	31 March		31 December
	Note	2026	2025	2026		2025
		RM'000	RM'000	RM'000		RM'000
EQUITY
Share capital	9,417,653		9,417,653	9,417,653		9,417,653
Regulatory reserves	2,411,465		2,257,273	1,900,771		1,794,651
Other reserves	1,258,471		1,492,268	667,025		805,105
Retained profits	46,485,078		47,205,232	35,102,598		36,167,658
Treasury shares	(434,752)		(434,752)	-		-
Equity attributable to equity
holders of the Bank		59,137,915	59,937,674		47,088,047		48,185,067
Non-controlling interests		2,440,287	2,503,934		-		-
TOTAL EQUITY		61,578,202	62,441,608		47,088,047		48,185,067
TOTAL LIABILITIES AND
EQUITY		570,312,653	561,651,157		430,734,044		423,901,598
COMMITMENTS AND
CONTINGENCIES	A27	144,003,425	138,683,553	131,309,187		124,814,332
CAPITAL ADEQUACY	A30
Before deducting dividends *
Common Equity Tier I Capital Ratio		13.726%	14.526%		11.892%		12.860%
Tier I Capital Ratio		13.741%	14.540%		11.892%		12.860%
Total Capital Ratio		16.429%	17.242%		14.770%		15.756%
After deducting dividends *
Common Equity Tier I Capital Ratio		13.726%	13.894%		11.892%		12.040%
Tier I Capital Ratio		13.741%	13.909%		11.892%		12.040%
Total Capital Ratio		16.429%	16.611%		14.770%		14.936%
Net assets per share
attributable to ordinary equity
holders of the Bank (RM)		3.06	3.10

* Refer to dividends declared subsequent to the financial period / year end.

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

UNAUDITED STATEMENTS OF PROFIT OR LOSS FOR THE 1ST QUARTER AND FINANCIAL PERIOD ENDED 31 MARCH 2026 1st Quarter Ended Three Months Ended

Group	Note	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Operating revenue		7,319,767	7,313,710	7,319,767	7,313,710
Interest income	A16	4,633,733	4,750,782	4,633,733	4,750,782
Interest expense	A17	(2,246,189)	(2,370,430)	(2,246,189)	(2,370,430)
Net interest income		2,387,544	2,380,352	2,387,544	2,380,352
Net income from Islamic banking business	A31 (b)	469,158	448,110	469,158	448,110
Insurance service result		89,882	78,703	89,882	78,703
Net finance expense from
insurance contracts issued and
reinsurance contracts held		(9,027)	(10,039)	(9,027)	(10,039)
		2,937,557	2,897,126	2,937,557	2,897,126
Fee and commission income	A18 (a)	885,028	847,583	885,028	847,583
Fee and commission expense	A18 (b)	(342,885)	(304,593)	(342,885)	(304,593)
Net fee and commission income	A18	542,143	542,990	542,143	542,990
Net gains and losses on financial
instruments	A19	22,504	34,015	22,504	34,015
Other operating income	A20	147,575	126,439	147,575	126,439
Net income		3,649,779	3,600,570	3,649,779	3,600,570
Other operating expenses	A21	(1,295,074)	(1,259,473)	(1,295,074)	(1,259,473)
Operating profit before impairment losses		2,354,705	2,341,097	2,354,705	2,341,097
Allowance for impairment on
loans, advances and financing	A22	(52,083)	(39,024)	(52,083)	(39,024)
Allowance for impairment on
other assets	A23	(3,945)	(4,334)	(3,945)	(4,334)
		2,298,677	2,297,739	2,298,677	2,297,739
Share of profit after tax of equity
accounted associated companies		16,575	14,812	16,575	14,812
Profit before tax expense and zakat		2,315,252	2,312,551	2,315,252	2,312,551
Tax expense and zakat	B5	(521,538)	(519,605)	(521,538)	(519,605)
Profit for the period		1,793,714	1,792,946	1,793,714	1,792,946
Profit for the period
attributable to:
- Equity holders of the Bank		1,751,758	1,745,320	1,751,758	1,745,320
- Non-controlling interests		41,956	47,626	41,956	47,626
		1,793,714	1,792,946	1,793,714	1,792,946
Earnings per share:
- basic / diluted (sen)	B12	9.07	9.04	9.07	9.04

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

UNAUDITED STATEMENTS OF COMPREHENSIVE INCOME FOR THE 1ST QUARTER AND FINANCIAL PERIOD ENDED 31 MARCH 2026

Group	1st Quarter Ended 31 March 31 March 2026 2025 RM'000 RM'000		Three Months Ended 31 March 31 March 2026 2025 RM'000 RM'000
Profit for the period	1,793,714 1,792,946		1,793,714 1,792,946
Other comprehensive income / (loss):
Items that will not be reclassified
subsequently to profit or loss: Net change in revaluation of - Equity instruments	6,181	73	6,181	73

Items that may be reclassified subsequently to profit or loss:

Currency translation differences in respect of:

- Foreign operations	(57,464)	(96,619)		(57,464)		(96,619)
- Net investment hedge	11,499	24,871		11,499		24,871
Net finance income / (expense) from insurance
contracts issued and reinsurance contracts held 2,380		(1,146)		2,380		(1,146)
Net change in revaluation of financial investments
at fair value through other comprehensive income (264,729)		96,198		(264,729)		96,198
Net change in cash flow hedges 3,623		(25,919)		3,623		(25,919)
(304,691)		(2,615)		(304,691)		(2,615)
Income tax effect	55,314		(12,727)		55,314		(12,727)
Share of changes in associated companies' reserves	(32)		-		(32)		-
Other comprehensive loss
for the period, net of tax (243,228)		(15,269)		(243,228)		(15,269)
Total comprehensive income for the period 1,550,486		1,777,677		1,550,486		1,777,677
Total comprehensive income for the period attributable to:
- Equity holders of the Bank	1,517,853	1,739,809		1,517,853		1,739,809
- Non-controlling interests	32,633	37,868		32,633		37,868
	1,550,486	1,777,677		1,550,486		1,777,677

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

UNAUDITED STATEMENTS OF PROFIT OR LOSS FOR THE 1ST QUARTER AND FINANCIAL PERIOD ENDED 31 MARCH 2026 1st Quarter Ended Three Months Ended

Bank	Note	31 March 2026 RM'000		31 March 2025 RM'000		31 March 2026 RM'000		31 March 2025 RM'000
Operating revenue		4,719,837		4,762,488		4,719,837		4,762,488
Interest income	A16	4,135,776		4,180,870		4,135,776		4,180,870
Interest expense	A17	(2,125,777)		(2,198,788)		(2,125,777)		(2,198,788)
Net interest income		2,009,999		1,982,082		2,009,999		1,982,082
Fee and commission income	A18 (a)	391,953		377,150		391,953		377,150
Fee and commission expense	A18 (b)	(197,746)		(176,657)		(197,746)		(176,657)
Net fee and commission income	A18	194,207		200,493		194,207		200,493
Net gains and losses on financial instruments	A19	15,450		16,239		15,450		16,239
Other operating income	A20	302,224		344,585		302,224		344,585
Net income		2,521,880		2,543,399		2,521,880		2,543,399
Other operating expenses	A21	(783,051)		(767,685)		(783,051)		(767,685)
Operating profit before impairment losses Writeback of allowance for impairment on loans, advances and financing	A22	1,738,829 12,945		1,775,714 5,742		1,738,829 12,945		1,775,714 5,742
Allowance for impairment on
other assets	A23	(3,079)	(3,283)		(3,079)		(3,283)
Profit before tax expense		1,748,695	1,778,173		1,748,695		1,778,173
Tax expense	B5	(378,277)	(378,674)		(378,277)		(378,674)
Profit for the period		1,370,418	1,399,499		1,370,418		1,399,499

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

UNAUDITED STATEMENTS OF COMPREHENSIVE INCOME FOR THE 1ST QUARTER AND FINANCIAL PERIOD ENDED 31 MARCH 2026

Bank	1st Quarter Ended 31 March 31 March 2026 2025 RM'000 RM'000		Three Months Ended 31 March 31 March 2026 2025 RM'000 RM'000
Profit for the period	1,370,418 1,399,499		1,370,418 1,399,499
Other comprehensive income / (loss):
Items that will not be reclassified
subsequently to profit or loss: Net change in revaluation of equity instruments	68	(12)	68	(12)

Items that may be reclassified subsequently to profit or loss:

Currency translation differences in

respect of foreign operations	(2,007)	(2,184)	(2,007)	(2,184)
Net change in revaluation of financial investments
at fair value through other comprehensive income	(171,398)	60,287	(171,398)	60,287
Net change in cash flow hedges	(7,832)	(21,699)	(7,832)	(21,699)
	(181,237)	36,404	(181,237)	36,404
Income tax effect	43,014	(9,261)	43,014	(9,261)
Other comprehensive (loss) / income
for the period, net of tax	(138,155)	27,131	(138,155)	27,131
Total comprehensive income for the period	1,232,263	1,426,630	1,232,263	1,426,630

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

PUBLIC BANK BERHAD Company Registration No.: 196501000672 (6463-H) (Incorporated in Malaysia) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2026 <------------------------ Attributable to Equity Holders of the Bank > Non-distributable Reserves Distributable Reserve

	Share Capital	Regulatory Reserves	Other Reserves	Retained Profits	Treasury Shares	Total Shareholders' Equity	Non- controlling Interests	Total Equity
Group	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
At 1 January 2026	9,417,653	2,257,273	1,492,268	47,205,232	(434,752)	59,937,674	2,503,934	62,441,608
Profit for the period	-	-	-	1,751,758	-	1,751,758	41,956	1,793,714
Other comprehensive loss for the period	-	-	(233,905)	-	-	(233,905)	(9,323)	(243,228)
Total comprehensive (loss) / income for the period	-	-	(233,905)	1,751,758	-	1,517,853	32,633	1,550,486
Transactions with owners / other equity movements: Net increase during the period	-	-	-	-	-	-	2,748	2,748
Transfer to statutory reserves	-	-	108	(108)	-	-	-	-
Transfer to regulatory reserves	-	154,192	-	(154,192)	-	-	-	-
Dividends paid	-	-	-	(2,317,612)	-	(2,317,612)	(99,028)	(2,416,640)
	-	154,192	108	(2,471,912)	-	(2,317,612)	(96,280)	(2,413,892)

At 31 March 2026	9,417,653	2,411,465	1,258,471	46,485,078	(434,752)	59,137,915	2,440,287	61,578,202

UNAUDITED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2026 <------------------------ Attributable to Equity Holders of the Bank > Non-distributable Reserves Distributable Reserve

	Share Capital	Regulatory Reserves	Other Reserves	Retained Profits	Treasury Shares	Total Shareholders' Equity	Non- controlling Interests	Total Equity
Group	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
At 1 January 2025	9,417,653	1,591,435	1,949,712	44,811,446	(434,752)	57,335,494	2,594,117	59,929,611
Profit for the period	-	-	-	1,745,320	-	1,745,320	47,626	1,792,946
Other comprehensive loss for the period	-	-	(5,511)	-	-	(5,511)	(9,758)	(15,269)
Total comprehensive (loss) / income for the period	-	-	(5,511)	1,745,320	-	1,739,809	37,868	1,777,677
Transactions with owners / other equity movements: Net increase during the period	-	-	-	-	-	-	3,378	3,378
Transfer to statutory reserves	-	-	189	(189)	-	-	-	-
Transfer to regulatory reserves	-	90,046	-	(90,046)	-	-	-	-
Dividends paid	-	-	-	(2,124,477)	-	(2,124,477)	(100,311)	(2,224,788)
	-	90,046	189	(2,214,712)	-	(2,124,477)	(96,933)	(2,221,410)

At 31 March 2025	9,417,653	1,681,481	1,944,390	44,342,054	(434,752)	56,950,826	2,535,052	59,485,878

UNAUDITED STATEMENT OF CHANGES IN EQUITY FOR THE FINANCIAL PERIOD ENDED 31 MARCH 2026 <--------------- Attributable to Equity Holders of the Bank > Non-distributable Reserves Distributable Reserve Share Regulatory Other Retained Total

Bank	Capital RM'000	Reserves RM'000	Reserves RM'000	Profits RM'000	Equity RM'000
At 1 January 2026	9,417,653	1,794,651	805,105	36,167,658	48,185,067
Profit for the period	-	-	-	1,370,418	1,370,418
Other comprehensive loss for the period	-	-	(138,155)	-	(138,155)
Total comprehensive (loss) / income for the period	-	-	(138,155)	1,370,418	1,232,263
Transactions with owners / other equity movements: Transfer to statutory reserves	-	-	75	(75)	-
Transfer to regulatory reserves	-	106,120	-	(106,120)	-
Dividends paid	-	-	-	(2,329,283)	(2,329,283)
	-	106,120	75	(2,435,478)	(2,329,283)

At 31 March 2026	9,417,653	1,900,771	667,025	35,102,598	47,088,047

	Share Capital	Non-distributable Reserves Regulatory Other Reserves Reserves			Distributable Reserve Retained Profits		Total Equity
Bank	RM'000	RM'000 RM'000			RM'000		RM'000
At 1 January 2025	9,417,653	1,263,013 653,841			34,537,427		45,871,934
Profit for the period	-	- -			1,399,499		1,399,499
Other comprehensive income for the period	-	- 27,131			-		27,131
Total comprehensive income for the period	-		-	27,131		1,399,499		1,426,630
Transactions with owners / other equity movements: Transfer to statutory reserves	-		-	189		(189)		-
Transfer to regulatory reserves	-		66,639	-		(66,639)		-
Dividends paid	-		-	-		(2,135,176)		(2,135,176)
	-		66,639	189		(2,202,004)		(2,135,176)

At 31 March 2025	9,417,653		1,329,652	681,161		33,734,922		45,163,388

	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Cash Flows from Operating Activities Profit before tax expense and zakat	2,315,252	2,312,551	1,748,695	1,778,173
Adjustments for non-cash items: Share of profit after tax of equity
accounted associated companies Allowance for impairment on	(16,575)	(14,812)	-	-
loans, advances and financing	100,810	89,788	15,944	23,964
Depreciation of right-of-use assets and property and equipment	79,955	74,928	56,547	53,809
Net gain on financial instruments	(9,334)	(21,479)	(14,505)	(14,965)
Dividend income	(1,699)	(44)	(178,097)	(209,703)
Allowance for impairment on other assets	3,945	4,334	3,079	3,283
Other non-cash items 22,408 1,190 10,489 43
Operating profit before working capital changes	2,494,762	2,446,456	1,642,152	1,634,604
Changes in working capital: Increase in operating assets	(7,992,937)	(6,281,457)	(5,895,689)	(4,326,355)

Increase in operating liabilities 7,423,578 8,171,211 5,770,861 5,658,809

Cash generated from operations 1,925,403 4,336,210 1,517,324 2,967,058

Tax expense and zakat paid	(387,083)	(445,572) (251,073) (282,138)
Net cash generated from operating activities	1,538,320	3,890,638 1,266,251 2,684,920
Cash Flows from Investing Activities Purchase of property and equipment	(66,104)	(24,794)	(39,175)	(13,693)
Proceeds from disposal of properties	1,630	6,975	1,583	5,042
Net (purchase) / sale of financial investments	(340,922)	(499,002)	(425,814)	371,639
Investment in collective investments by the Bank	-	-	(57,211)	(57,045)
Investment in collective investments by the non-controlling interests	2,748	3,378	-	-
Dividends received	1,699	44 201,136 208,993
Net cash (used in) / generated from investing activities	(400,949)	(513,399) (319,481) 514,936

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Cash Flows from Financing Activities
Dividends paid	(2,416,640)	(2,224,788)	(2,329,283)	(2,135,176)
Repayment of borrowings	-	(626,822)	-	-
Net proceeds from issuance of debt securities	2,065,936	-	2,065,936	-
Repayment of lease liabilities	(25,365)	(26,575)	(18,222)	(17,260)
Redemption of debt securities	(400,000)	-	(400,000)	-
Net cash used in financing activities	(776,069)	(2,878,185)	(681,569)	(2,152,436)
Net change in cash and cash equivalents	361,302	499,054	265,201	1,047,420
Cash and cash equivalents at
beginning of the year	15,281,603	13,244,091	10,847,808	9,269,579
Exchange differences on translation
of opening balances	(62,649)	(112,099)	-	-
Cash and cash equivalents at end of the period	15,580,256	13,631,046	11,113,009	10,316,999
Note:
Cash and balances with banks	17,874,284	15,549,587	11,171,101	10,376,999
Less: Balances with banks with original maturity
more than three months	(2,294,028)	(1,918,541)	(58,092)	(60,000)
Cash and cash equivalents at end of the period	15,580,256	13,631,046	11,113,009	10,316,999

The Condensed Interim Financial Statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the year ended 31 December 2025.

Part A - Explanatory Notes Pursuant to Malaysian Financial Reporting Standard ("MFRS") 134 and Policy Document on Financial Reporting Issued by Bank Negara Malaysia A1. Basis of Preparation

The unaudited condensed interim financial statements for the 1st quarter ended 31 March 2026 have been prepared under the historical cost convention except for the following assets and liabilities which are stated at fair values: financial assets at fair value through profit or loss ("FVTPL"), financial investments at fair value through other comprehensive income ("FVOCI"), derivative financial instruments and investment properties.

The unaudited condensed interim financial statements have been prepared in accordance with MFRS 134: Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB") and Chapter 9, Part K of the Listing Requirements of Bursa Malaysia Securities Berhad. The unaudited condensed interim financial statements should be read in conjunction with the annual audited financial statements of the Group and of the Bank for the financial year ended 31 December 2025. The explanatory notes attached to the unaudited condensed interim financial statements provide an explanation of events and transactions that are significant to an understanding of the changes in the financial position and performance of the Group and of the Bank since the financial year ended 31 December 2025.

The unaudited condensed interim financial statements incorporated those activities relating to the Islamic banking business which have been undertaken by the Group. Islamic banking business refers generally to the acceptance of deposits and granting of financing under the principles of Shariah.

The material accounting policies and methods of computation applied in the unaudited condensed interim financial statements are consistent with those adopted in the most recent annual financial statements for the financial year ended 31 December 2025, except for the adoption of the following during the current financial period:

Effective for annual periods commencing on or after 1 January 2026

Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity
Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures - Contracts Referencing Nature-dependent Electricity - The amendments include, but are not limited to, the following:
clarify the application of the 'own-use' exception as per paragraph 2.4 of MFRS 9;
permit an entity to apply hedge accounting in MFRS 9 when these contracts are used as hedging instruments; and
introduce new disclosure requirements in MFRS 7 to help users of financial statements understand the effects
these contracts have on the amount, timing and uncertainty of an entity's future cash flows and financial performance.
The adoption of the above Amendments to MFRS Accounting Standards did not have any financial impact on the financial statements of the Group and of the Bank.
The following MFRS Accounting Standards and Amendments to MFRS Accounting Standards have been issued by MASB that are applicable to the Group and the Bank but are not yet effective:
Effective for annual periods commencing on or after 1 January 2027
MFRS 18 Presentation and Disclosure in Financial Statements
Amendments to MFRS 19 Subsidiaries without Public Accountability: Disclosures
Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency
A1. Basis of Preparation (continued)
The following MFRS Accounting Standards and Amendments to MFRS Accounting Standards have been issued by MASB that are applicable to the Group and the Bank but are not yet effective (continued):
Effective date of these Amendments to Standards has been deferred, pending further announcement
Amendments to MFRS 10 Consolidated Financial Statements and MFRS 128 Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture
MFRS 18 Presentation and Disclosure in Financial Statements - The new standard introduces new requirements on presentation within the statement of profit or loss. It also requires disclosure of management-defined performance measures and includes enhanced principles on aggregation and disaggregation of financial information which apply to the primary financial statements and the notes. Amendments to MFRS 19 Subsidiaries without Public Accountability: Disclosures - Amendments to MFRS 19 incorporate reduced disclosure requirements for new and amended MFRS Accounting Standards issued by the MASB as listed below, which reflect the changes that take effect up to 1 January 2027, when MFRS 19 will be applicable:
MFRS 18 Presentation and Disclosure in Financial Statements
Supplier Finance Arrangements (Amendments to MFRS 107 and MFRS 7)
International Tax Reform-Pillar Two Model Rules (Amendments to MFRS 112)
Lack of Exchangeability (Amendments to MFRS 121)
Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 and MFRS 7)

Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates - Translation to a Hyperinflationary Presentation Currency - These amendments address how entities should translate financial statements from a non-hyperinflationary currency into a hyperinflationary presentation currency. This aims to improve consistency and clarity in financial reporting under such conditions. Amendments to MFRS 10 Consolidated Financial Statements and MFRS 128 Investments in Associates and Joint Ventures - Sale or Contribution of Assets between an Investor and its Associate or Joint Venture - The amendments clarify that a full gain or loss is recognised when a transaction involves a business (whether it is housed in a subsidiary or not), as defined in MFRS 3 Business Combinations. A partial gain or loss is recognised when a transaction involves assets that do not constitute a business, even if these assets are housed in a subsidiary.

The adoption of the above MFRS Accounting Standards and Amendments to MFRS Accounting Standards is not expected to have any financial impact on the financial statements of the Group and of the Bank.

A2. Auditors' Report on Preceding Annual Financial Statements

The auditors' report on the annual audited financial statements for the financial year ended 31 December 2025 was not qualified.

A3. Comments about Seasonal or Cyclical Factors

The operations of the Group and of the Bank were not materially affected by any seasonal or cyclical factors in the current financial period.

A4. Unusual Items Due to Their Nature, Size or Incidence

There were no unusual items affecting the assets, liabilities, equity, net income or cash flows of the Group and of the Bank in the current financial period.

A5. Changes in Estimates

There were no material changes in estimates of amounts reported in prior financial years that have a material effect in the current financial period.

A6. Debt and Equity Securities

Saved as disclosed below, there were no issuances of shares, share buy-backs and repayment of debt and equity securities by the Group and the Bank in the current financial period.

RM10.0 Billion Commercial Papers ("CPs") Programme

During the current financial period ended 31 March 2026, the Bank issued a nominal value of RM2,100 million CPs in aggregate under its RM10.0 billion CPs Programme, as follows:

Tranche Date of Issuance Amount (RM'Mil) Maturity Date

3rd tranche	28/01/2026	400	28/07/2026
4th tranche	13/03/2026	500	14/09/2026
5th tranche	19/03/2026	500	18/09/2026
6th tranche	19/03/2026	500	25/09/2026
7th tranche	27/03/2026	200	23/06/2026
		2,100

On 10 March 2026, the Bank had redeemed the first (1st) tranche of CPs amounting to RM400 million in nominal value together with accrued interest.

Subsequent to financial period ended 31 March 2026 which have not been reflected in the financial statements for the current period:

RM10.0 Billion CPs Programme

Subsequent to financial period ended 31 March 2026, the Bank issued a nominal value of RM1,000 million CPs in aggregate under its RM10.0 billion CPs Programme, as follows:

Tranche Date of Issuance Amount (RM'Mil) Maturity Date

8th tranche	03/04/2026	500	14/10/2026
9th tranche	17/04/2026	100	17/08/2026
10th tranche	24/04/2026	400	17/08/2026
		1,000

The CPs issued under the CPs Programme bear interest rates ranging between 3.23% to 3.39% per annum.

RM20.0 Billion Senior Medium Term Notes ("Senior MTNs") Programme

On 22 April 2026, the Bank issued 10th tranche RM800 million (due on 22 April 2031) and 11th tranche RM400 million (due on 22 April 2033) respectively in nominal value of Senior MTNs under its Senior MTNs Programme. The Notes bear interest ranging from 3.79% to 3.86% per annum.

A7. Dividends Paid and Distributed

A second interim dividend of 12.0 sen per share for the financial year ended 31 December 2025 amounting to RM2,329,283,008 was paid on 26 March 2026.

31 March

Group

31 December

31 March

Bank

31 December

2026

RM'000

2025

RM'000

2026

RM'000

2025

RM'000

At fair value

Government securities and treasury bills:

518,803	-	518,803	-
640,252	171,756	608,809	171,756
395,593	918,611	395,593	918,611
1,554,648	1,090,367	1,523,205	1,090,367

Malaysian Government Treasury Bills Malaysian Government Securities Malaysian Government Investment

Issues

Money market instruments:

Negotiable instruments of deposit and

negotiable Islamic debt certificates 1,442,917 1,044,829 - -

Non-money market instruments:

Equity securities:

- Quoted shares, mutual funds and loan stocks
in Malaysia	3,646	3,797	-	-
- Quoted shares, mutual funds and loan stocks
outside Malaysia	9,253	9,454	-	-
- Unquoted shares in Malaysia	419,411	419,411	393,854	393,854
Unit trusts	1,011,197	1,116,736	-	-
Debt securities:
- Cagamas bonds / sukuk	10,176	10,219	-	-
- Unquoted corporate bonds / sukuk	273,385	283,711	-	-
	1,727,068	1,843,328	393,854	393,854

Total financial assets at FVTPL	4,724,633	3,978,524	1,917,059	1,484,221

	31 March	Group 31 December	31 March	Bank 31 December
	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
At fair value Government securities and treasury bills:
Malaysian Government Securities Malaysian Government Investment Issues	17,435,820 24,872,069		15,289,266 26,104,447	16,573,029 13,246,444	14,543,341 13,967,642
Foreign Government Treasury Bills	1,449,086		1,734,306	-	-
Other foreign government securities 58,821 58,318			-		-
43,815,796 43,186,337			29,819,473		28,510,983
Negotiable instruments of deposit and negotiable Islamic debt certificates 556,768 1,193,351			299,611		1,378,033

Money market instruments: Non-money market instruments:

Equity securities:

- Quoted shares, mutual funds and loan stocks
in Malaysia	56,914	52,505	-	-
- Quoted shares, mutual funds and loan stocks
outside Malaysia	1,462	1,758	-	-
- Unquoted shares in Malaysia	488,360	488,459	485,385	485,484
- Unquoted shares outside Malaysia	6,454	6,432	2,329	2,266
Debt securities:
- Quoted corporate bonds / sukuk
outside Malaysia	248,831	233,023	-	-
- Cagamas bonds / sukuk	252,804	254,834	180,140	182,434
- Unquoted corporate bonds / sukuk
in Malaysia	4,432,730	4,216,763	283,631	196,859
- Unquoted corporate bonds / sukuk
outside Malaysia	564,829 565,040	-		-
	6,052,384 5,818,814		951,485		867,043
Total financial investments at FVOCI	50,424,948 50,198,502		31,070,569		30,756,059

The following expected credit losses ("ECL") for debt instruments are recognised in other comprehensive income. Such ECL do not reduce the carrying amount in the statement of financial position as the carrying amount of debt instruments at FVOCI is equivalent to their fair value:

Lifetime ECL

	12-Month ECL (Stage 1) RM'000	Not Credit- Impaired (Stage 2) RM'000	Credit- Impaired (Stage 3) RM'000		Total RM'000
Group At 1 January 2026	8,749	-		-	8,749
New financial investments purchased	1,642	-		-	1,642
Net allowance made	80	-		-	80
Amount derecognised	(1,629)	-		-	(1,629)
Exchange differences	(2)	-		-	(2)
At 31 March 2026	8,840	-		-	8,840
At 1 January 2025	11,445	-		-	11,445
New financial investments purchased	5,549	-		-	5,549
Net allowance written back	(1,319)	-		-	(1,319)
Amount derecognised	(6,228)	-		-	(6,228)
Change in models / risk parameters	(659)	-		-	(659)
Exchange differences	(39)	-		-	(39)
At 31 December 2025	8,749	-		-	8,749
Bank At 1 January 2026	5,128	-		-	5,128
New financial investments purchased	982	-		-	982
Net allowance made	18	-		-	18
Amount derecognised	(917)	-		-	(917)
At 31 March 2026	5,211	-		-	5,211
At 1 January 2025	5,483	-		-	5,483
New financial investments purchased	4,389	-		-	4,389
Net allowance written back	(50)	-		-	(50)
Amount derecognised	(4,694)	-		-	(4,694)
At 31 December 2025	5,128	-		-	5,128

	31 March	Group 31 December	31 March	Bank 31 December
	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
At amortised cost Government securities and treasury bills: Malaysian Government Securities	7,171,739		7,162,584	7,033,918	7,025,179
Malaysian Government Investment Issues	10,403,673		11,023,871	6,129,614	6,380,279
Foreign Government Treasury Bills	63,503		64,376	27,386	27,928
Other foreign government securities 176,229 151,025			-		-
17,815,144 18,401,856 Money market instruments:			13,190,918		13,433,386
Negotiable instruments of deposit and negotiable Islamic debt certificates 1,349,785 1,267,444			1,129,192		1,117,661

Non-money market instruments:

Debt securities:

- Quoted corporate bonds / sukuk
outside Malaysia	152,240	175,289	-	-
- Cagamas bonds / sukuk	8,347,347	8,328,668	7,025,485	7,017,619
- Unquoted corporate bonds / sukuk
in Malaysia	2,619,886	2,385,229	2,074,311	1,896,010
- Unquoted corporate bonds / sukuk
outside Malaysia 410,960 267,601			-	-
11,530,433 11,156,787			9,099,796	8,913,629

Allowance for impairment (5,037) (5,078) (3,991) (3,998) Total financial investments at amortised cost 30,690,325 30,821,009 23,415,915 23,460,678

Movements in allowances for impairment on debt instruments which reflect the ECL model on impairment are as follows:

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
	(Stage 1) RM'000	(Stage 2) RM'000	(Stage 3) RM'000	Total RM'000
Group At 1 January 2026	5,066	-	12	5,078
New financial investments purchased	177	-	-	177
Net allowance written back	(4)	-	-	(4)
Amount derecognised	(213)	-	-	(213)
Exchange differences	(1)	-	-	(1)
At 31 March 2026	5,025	-	12	5,037
At 1 January 2025	4,796	-	19	4,815
New financial investments purchased	1,089	-	-	1,089
Net allowance written back	(15)	-	-	(15)
Amount derecognised	(776)	-	-	(776)
Change in models / risk parameters	(9)	-	-	(9)
Amount written off	-	-	(7)	(7)
Exchange differences	(19)	-	-	(19)
At 31 December 2025	5,066	-	12	5,078
Bank At 1 January 2026	3,986	-	12	3,998
New financial investments purchased	53	-	-	53
Net allowance made	1	-	-	1
Amount derecognised	(61)	-	-	(61)
At 31 March 2026	3,979	-	12	3,991
At 1 January 2025	3,909	-	19	3,928
New financial investments purchased	644	-	-	644
Net allowance written back	(65)	-	-	(65)
Amount derecognised	(502)	-	-	(502)
Amount written off	-	-	(7)	(7)
At 31 December 2025	3,986	-	12	3,998

	31 March 2026 RM'000	Group 31 December 2025 RM'000		31 March 2026 RM'000		Bank 31 December 2025 RM'000
At amortised cost
Overdrafts 9,078,463		9,027,894		5,750,815		5,594,082
Term loans / financing - Housing loans / financing	184,603,859	182,581,798		135,992,375		134,460,000
- Syndicated term loans / financing	3,462,946	3,245,374		1,477,425		1,263,510
- Hire purchase receivables	84,407,563	82,691,270		63,646,549		62,254,097
- Other term loans / financing	151,944,347	149,792,888		117,584,212		115,624,797
Credit card receivables	3,242,896	3,364,507		3,029,935		3,147,599
Bills receivables	89,790	100,779		87,886		94,883
Trust receipts Claims on customers under acceptance credits	82,659 3,427,180	95,801 3,335,381		54,003 3,142,127		64,487 3,068,704
Revolving credits	9,566,111	9,304,489		6,581,369		6,451,497
Staff loans *	2,210,141 2,217,897			1,837,797		1,847,859
Gross loans, advances and financing Allowance for impairment on loans, advances and financing:	452,115,955 445,758,078			339,184,493		333,871,515
- Expected credit losses	(3,403,123)		(3,424,847)		(2,263,118)		(2,311,327)
- Stage 1: 12-Month ECL	(806,252)		(810,646)		(479,202)		(496,196)
- Stage 2: Lifetime ECL not credit-impaired	(1,828,445)		(1,884,886)		(1,300,237)		(1,346,911)
- Stage 3: Lifetime ECL credit-impaired	(768,426)		(729,315)		(483,679)		(468,220)

Net loans, advances and financing	448,712,832 442,333,231			336,921,375		331,560,188

* Included in staff loans of the Group and of the Bank are loans to Directors of subsidiary companies amounting to RM6,877,000 (2025: RM7,084,000) and RM6,367,000 (2025: RM6,560,000) respectively.

Gross loans, advances and financing analysed by class of financial instruments

	31 March	Group 31 December	31 March	Bank 31 December
	2026	2025	2026	2025
	RM'000	RM'000	RM'000	RM'000
Retail loans / financing *
- Housing loans / financing	184,603,859		182,581,798	135,992,375	134,460,000
- Hire purchase	84,214,772		82,417,934	63,646,549	62,254,097
- Credit cards	3,242,896		3,364,507	3,029,935	3,147,599
- Other loans / financing ^	130,521,532 128,168,983		97,788,885		95,813,203
402,583,059			396,533,222	300,457,744	295,674,899
Corporate loans / financing	49,532,896 49,224,856		38,726,749		38,196,616
	452,115,955 445,758,078		339,184,493		333,871,515

* Included in retail loans/financing are loans/financing granted to individual borrowers and mid-market commercial enterprises.

^ Included in other loans/financing are term loans, trade financing, overdrafts and revolving credits.

Gross loans, advances and financing analysed by type of customer

31 March		Group 31 December	31 March	Bank 31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Banking institutions Non-bank financial institutions - Stock-broking companies	434 150,657	436 158,986	-3,484	-3,552
Business enterprises	19,962,495 85,753,452	19,470,428 83,221,288	17,028,840 70,473,452	16,527,319 68,448,775
- Others	25,823,892	26,214,048	15,092,430	15,102,291
Government and statutory bodies	1,027,161	1,036,153	18,269	18,357
Individuals	309,439,255	305,794,976	228,301,782	225,545,532
Other entities	71,924	53,622	21,759	21,621
Foreign entities	9,886,685 9,808,141		8,244,477	8,204,068
	452,115,955 445,758,078		339,184,493	333,871,515

Others
Small and medium enterprises ("SME")

Gross loans, advances and financing analysed by interest/profit rate sensitivity

	31 March	Group 31 December	31 March	Bank 31 December
	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
Fixed rate - Housing loans / financing	2,308,204		2,194,287	50,017	50,859
- Hire purchase receivables	76,258,379		77,977,847	57,889,207	59,953,769
	23,494,614 296,074,068		23,786,288 288,301,563	11,560,978 236,565,282	11,708,606 229,557,552
- Cost plus	41,298,740		40,701,250	33,027,484	32,535,186
- Other variable rates 12,681,950 12,796,843			91,525		65,543
452,115,955 445,758,078			339,184,493		333,871,515

Other fixed rate loans / financing Variable rate
Base rate / Base lending rate plus

Gross loans, advances and financing analysed by residual contractual maturity

31 March		Group 31 December	31 March	Bank 31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Maturity within one year	35,112,082	35,075,782	25,027,914	25,246,653
More than one year to three years	29,280,088	29,518,189	23,565,210	23,624,973
More than three years to five years	38,969,211	38,085,253	30,956,267	29,978,142
More than five years	348,754,574 343,078,854		259,635,102	255,021,747
	452,115,955 445,758,078		339,184,493	333,871,515

A11. Loans, Advances and Financing (continued)

Gross loans, advances and financing analysed by geographical distribution

31 March 2026 RM'000		Group 31 December 2025 RM'000		31 March 2026 RM'000		Bank 31 December 2025 RM'000
Malaysia Hong Kong SAR and the People's Republic of China	427,699,744 13,173,920	421,024,390 13,226,524		339,086,464 -		333,778,966 -
Cambodia	5,518,117	5,762,157		-		-
Other countries	5,724,174 5,745,007			98,029		92,549
	452,115,955 445,758,078			339,184,493		333,871,515
f) Gross loans, advances and financing analysed by economic purpose
Group 31 March 31 December				31 March		Bank 31 December
2026 2025				2026		2025
RM'000 RM'000				RM'000		RM'000
Purchase of securities	3,733,463		3,599,964		3,112,036		2,988,193
Purchase of transport vehicles	84,628,098		82,914,320		63,852,520		62,463,582
Purchase of properties	288,265,871		283,959,268		221,813,900		218,377,288
(of which: - residential	190,121,403		188,080,315		140,515,461		138,970,611
- non-residential)	98,144,468		95,878,953		81,298,439		79,406,677
Purchase of fixed assets (excluding properties)	365,006		368,219		97,311		93,150
Personal use	14,404,615		14,721,755		8,322,814		8,630,944
Credit card	3,242,896		3,364,507		3,029,935		3,147,599
Purchase of consumer durables	551		534		88		71
Construction	7,359,946		7,242,667		4,803,092		4,454,177
Mergers and acquisitions	66,015		66,482		35,953		36,416
Working capital	48,364,269		47,792,466		32,638,443		32,172,836
Other purpose	1,685,225 1,727,896			1,478,401		1,507,259
	452,115,955 445,758,078			339,184,493		333,871,515

A11. Loans, Advances and Financing (continued)

Gross loans, advances and financing analysed by sector

Group Bank

31 March		31 December	31 March	31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Agriculture, hunting, forestry and fishing	2,908,179	2,910,769	2,467,593	2,469,370
Mining and quarrying	230,061	251,600	160,371	171,918
Manufacturing	14,130,584	13,671,867	10,176,950	10,020,993
Electricity, gas and water	90,812	107,874	34,109	35,747
Construction	18,437,496	18,241,357	14,652,523	14,538,547
Wholesale & retail trade and restaurants & hotels	39,699,128	39,157,707	31,660,278	31,072,677
Transport, storage and communication	5,273,652	5,274,033	2,549,562	2,511,850
Finance, insurance and business services	25,058,036	24,301,583	21,437,285	20,746,445
Real estate	24,394,064	23,742,933	18,912,351	18,084,541
Community, social and personal services	3,636,185	3,557,545	2,110,423	2,015,513
Households	317,491,674	313,753,947	235,019,814	232,200,723
Others	766,084 786,863		3,234	3,191
	452,115,955 445,758,078		339,184,493	333,871,515

Movements in credit-impaired ("impaired") loans, advances and financing are as follows:

31 March		Group 31 December	31 March	Bank 31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
At 1 January	2,284,573	2,225,493	1,259,611	1,243,812
Impaired during the period / year	504,909	2,283,749	261,858	1,264,043
Reclassified as non-impaired	(232,006)	(1,092,582)	(146,273)	(686,867)
Recoveries	(124,459)	(564,149)	(78,074)	(339,377)
Amount written off Loans / Financing converted to foreclosed properties	(110,492) (2,887)	(496,954) (1,484)	(54,700) (2,887)	(221,674) (117)
Exchange differences	(5,052)	(69,500)	(81)	(209)
Closing balance	2,314,586	2,284,573	1,239,454	1,259,611
Gross impaired loans and financing as a percentage of gross loans, advances
and financing	0.51%	0.51%	0.37%	0.38%

A11. Loans, Advances and Financing (continued)

Impaired loans, advances and financing analysed by geographical distribution

31 March		Group 31 December	31 March	Bank 31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Malaysia Hong Kong SAR and the People's Republic of China	1,497,810 371,208	1,521,919 371,067	1,235,205 -	1,255,273 -
Cambodia	269,108	233,004	-	-
Other countries	176,460 158,583		4,249	4,338
	2,314,586 2,284,573		1,239,454	1,259,611

Impaired loans, advances and financing analysed by economic purpose

31 March

Group

31 December

31 March

Bank

31 December

2026

2025

2026

2025

RM'000

Purchase of securities	2,572	2,566		-		-
Purchase of transport vehicles	295,980	273,066		154,601		146,827
Purchase of properties	1,381,901	1,416,730		939,557		960,648
(of which: - residential	687,590	717,365		376,226		388,701
- non-residential)	694,311	699,365		563,331		571,947
Purchase of fixed assets (excluding properties)	9,965	9,868		-		-
Personal use	155,973	152,838		23,365		21,478
Credit card	12,506	12,774		10,596		10,834
Purchase of consumer durables	1	1		1		1
Construction	13,833	10,658		964		714
Working capital	438,190	402,647		106,732		115,713
Other purpose	3,665 3,425		3,638		3,396
	2,314,586 2,284,573		1,239,454		1,259,611

A11. Loans, Advances and Financing (continued)

Impaired loans, advances and financing analysed by sector

Group Bank

31 March		31 December	31 March	31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Agriculture, hunting, forestry and fishing	29,306	29,639	3,623	4,989
Mining and quarrying	339	490	339	490
Manufacturing	73,433	76,165	38,668	43,988
Electricity, gas and water	2,979	2,824	231	93
Construction	70,983	70,141	51,153	54,592
Wholesale & retail trade and restaurants & hotels	310,980	283,827	77,010	77,525
Transport, storage and communication	13,410	15,432	7,724	9,917
Finance, insurance and business services	37,879	31,734	7,785	13,721
Real estate	571,786	562,427	472,055	462,590
Community, social and personal services	5,455	4,320	2,703	2,309
Households	1,187,136	1,196,957	578,163	589,397
Others	10,900 10,617		-	-
	2,314,586 2,284,573		1,239,454	1,259,611

A11. Loans, Advances and Financing (continued)

Movements in loss allowance for loans/financing which reflect the ECL model on impairment are as follows:

Lifetime ECL 12-Month Not Credit- Credit- ECL Impaired Impaired (Stage 1) (Stage 2) (Stage 3) Total RM'000 RM'000 RM'000 RM'000 Group

At 1 January 2026 810,646 1,884,886 729,315 3,424,847

Changes due to loans, advances and

financing recognised as at 1 January 2026: 85,402 (77,798) (7,604) -

- 22,022 (21,380) (642) - (23,044) 29,673 (6,629) - (6,582) (86,091) 92,673

Transfer to Stage 1: 12-Month ECL
Transfer to Stage 2: Lifetime ECL not credit-impaired
Transfer to Stage 3: Lifetime ECL credit-impaired

New loans, advances and financing originated 30,752 11,226 342 42,320

Net remeasurement due to changes

in credit risk (106,729) 14,206 141,324 48,801

Loans, advances and financing

derecognised (other than write-off) (12,527) (6,875) (6,823) (26,225)

Modifications to contractual cash flows

of loans, advances and financing (366) 2,971 23,197 25,802 Changes in models / risk parameters (131) - - (131) Amount written off - - (110,492) (110,492)

Exchange differences (795) (171) (833) (1,799)

At 31 March 2026 806,252 1,828,445 768,426 3,403,123

A11. Loans, Advances and Financing (continued)

l) Movements in loss allowance for loans/financing which reflect the ECL model on impairment are as follows (continued):

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
	(Stage 1) RM'000	(Stage 2) RM'000	(Stage 3) RM'000	Total RM'000
Group At 1 January 2025	1,037,711	2,027,053	634,509	3,699,273
Changes due to loans, advances and financing recognised as at 1 January 2025:	178,441	(171,062)	(7,379)	-
- Transfer to Stage 1: 12-Month ECL	197,741	(181,721)	(16,020)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(16,347)	43,655	(27,308)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(2,953)	(32,996)	35,949	-
New loans, advances and financing originated	115,277	121,581	64,681	301,539
Net remeasurement due to changes in credit risk	(408,513)	22,729	488,324	102,540
Loans, advances and financing
derecognised (other than write-off)	(47,853)	(60,580)	(26,875)	(135,308)
Modifications to contractual cash flows of loans, advances and financing	(1,392)	14,940	100,502	114,050
Changes in models / risk parameters	(50,111)	(63,146)	285	(112,972)
Amount written off	(669)	-	(496,954)	(497,623)
Amount transferred to allowance for impairment loss on foreclosed properties	-	-	(254)	(254)
Exchange differences	(12,245)	(6,629)	(27,524)	(46,398)
At 31 December 2025	810,646	1,884,886	729,315	3,424,847

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
	(Stage 1)	(Stage 2)	(Stage 3)	Total
	RM'000	RM'000	RM'000	RM'000
Bank At 1 January 2026	496,196	1,346,911	468,220	2,311,327
Changes due to loans and advances recognised as at 1 January 2026:	56,669	(43,293)	(13,376)	-
- Transfer to Stage 1: 12-Month ECL	60,964	(57,447)	(3,517)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(4,255)	19,755	(15,500)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(40)	(5,601)	5,641	-
New loans and advances originated	15,162	9,075	6	24,243
Net remeasurement due to changes in credit risk	(83,276)	(11,614)	68,300	(26,590)
Loans and advances derecognised (other than write-off)	(5,172)	(4,982)	(5,297)	(15,451)
Modifications to contractual cash flows of loans and advances	(348)	4,140	20,526	24,318
Amount written off	-	-	(54,700)	(54,700)
Exchange differences	(29)	-	-	(29)
At 31 March 2026	479,202	1,300,237	483,679	2,263,118

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
	(Stage 1)	(Stage 2)	(Stage 3)	Total
	RM'000	RM'000	RM'000	RM'000
Bank
At 1 January 2025	692,802	1,493,720	409,529	2,596,051
Changes due to loans and advances recognised as at 1 January 2025:	137,430	(126,921)	(10,509)	-
- Transfer to Stage 1: 12-Month ECL	149,678	(139,866)	(9,812)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(11,789)	27,943	(16,154)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(459)	(14,998)	15,457	-
New loans and advances originated	64,401	71,990	5,378	141,769
Net remeasurement due to changes
in credit risk	(332,377)	(12,141)	215,142	(129,376)
Loans and advances derecognised
(other than write-off)	(21,676)	(47,392)	(14,939)	(84,007)
Modifications to contractual cash flows
of loans and advances	(1,268)	15,852	85,097	99,681
Changes in models / risk parameters	(42,339)	(48,197)	196	(90,340)
Amount written off	(598)	-	(221,674)	(222,272)
Exchange differences	(179)	-	-	(179)
At 31 December 2025	496,196	1,346,911	468,220	2,311,327
A12. Other Assets
		Group		Bank
31 March		31 December	31 March	31 December
2026		2025	2026	2025
RM'000		RM'000	RM'000	RM'000
Deferred handling fees	362,190	353,117	256,238	247,593
Interest / Income receivable	91,279	103,761	18,598	19,075
Other receivables, deposits and prepayments	3,318,892	3,098,662	2,835,709	2,649,061
Collateral pledged for derivative transactions	221,805	364,825	221,805	364,825
Employee benefits	53,803	75,991	52,971	74,817
Amount due from trust funds	242,857	294,008	-	-
Foreclosed properties	198,150	200,331	157,952	159,546
Outstanding contracts on clients' accounts	219,661	201,513	-	-
Amount due from subsidiary companies	-	-	51,731	40,868
Distribution receivable from collective
investments	-	-	33,447	35,510
Dividend receivable from subsidiary companies	- -		564,300	585,276
	4,708,637 4,692,208		4,192,751	4,176,571

a) By type of deposit
	Group 31 March 31		December	Bank 31 March 31 December
	2026 RM'000		2025 RM'000	2026 RM'000	2025 RM'000
At amortised cost Core deposits: - Demand deposits	76,192,715		76,320,819	62,471,292	62,249,684
- Savings deposits	49,663,437		48,993,911	34,918,035	34,385,046
- Fixed deposits 258,699,506		256,854,259		177,784,863		177,377,673
384,555,658		382,168,989		275,174,190		274,012,403
Money market deposits	68,463,822 64,855,573			60,866,779 57,311,653
Other deposits	55,183 89,060			26,227 53,524
	453,074,663 447,113,622			336,067,196 331,377,580
b) By type of customer	Group			Bank
	31 March 31 December			31 March 31 December
	2026 2025 RM'000 RM'000			2026 2025 RM'000 RM'000
Federal and state governments Local government and statutory authorities	4,138,712 7,534,962	5,224,098 5,602,418		490,289 3,756,005		692,049 2,082,023
Business enterprises	129,255,454	129,445,019		104,127,265		101,801,571
Individuals	223,869,859	221,024,077		162,497,175		163,534,636
Foreign customers	23,944,071	23,665,681		18,341,811		18,867,683
Others	64,331,605	62,152,329		46,854,651		44,399,618
	453,074,663	447,113,622		336,067,196		331,377,580

c) The maturity structure of fixed deposits and money market deposits are as follows:

31 March

Group

31 December

31 March

Bank

31 December

2026

2025

2026

2025

RM'000

Due within six months	262,598,752	263,287,578	190,570,684	193,174,362
More than six months to one year	63,882,758	57,664,726	48,047,787	41,488,401
More than one year to three years	678,133	753,445	29,925	23,700
More than three years to five years	3,685	4,083	3,246	2,863
	327,163,328	321,709,832	238,651,642	234,689,326

	31 March	Group 31 December	31 March	Bank 31 December
	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
At amortised cost Licensed banks	6,078,323 8,347,429		3,769,713 5,174,731
Licensed Islamic banks	- 850,000		- -
Licensed investment banks	743,208 780,557		414,886 378,147
Bank Negara Malaysia	2,289,847 2,276,169		2,221,696 2,208,533
Other financial institutions	2,834,097 2,371,188		8,236,091 8,103,039
	11,945,475 14,625,343		14,642,386 15,864,450
A15. Other Liabilities
	Group 31 March 31 December 2026 2025 RM'000 RM'000		Bank 31 March 31 December 2026 2025 RM'000 RM'000
Interest / Income payable	2,828,974		2,848,354	1,962,894	1,974,206
Other payables and accruals	4,609,933		4,550,391	3,898,759	3,828,322
Collateral received for derivative transactions	218,860		147,835	218,860	147,835
Amount due to trust funds	103,470		50,549	-	-
Unprocessed sales and / or redemptions	101,792		175,844	-	-
Accrued restoration costs Outstanding contracts on clients' accounts	72,623 192,295		72,493 184,363	71,056 -	70,966 -
Allowance for impairment on loan / financing commitments and financial guarantees	98,878		88,634	84,179	74,755
Dividend payable to shareholders Amount due to subsidiary	31,326		17,271	30,453	8,768
companies - -			71,989		55,667
8,258,151 8,135,734			6,338,190		6,160,519

Movements in the allowance for impairment on loan/financing commitments and financial guarantees are as follows:

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
	(Stage 1)	(Stage 2)	(Stage 3)	Total
Group	RM'000	RM'000	RM'000	RM'000
At 1 January 2026 Changes due to loan / financing commitments and financial guarantees recognised as at 1 January 2026:	54,819 3,868	32,517 (3,676)	1,298 (192)	88,634 -
- Transfer to Stage 1: 12-Month ECL	4,327	(4,283)	(44)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(458)	665	(207)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(1)	(58)	59	-
New loan / financing commitments and
financial guarantees originated	3,030	3,502	-	6,532
Net remeasurement due to changes in credit risk	1,794	2,708	(29)	4,473
Loan / Financing commitments and financial guarantees derecognised	(489)	(134)	(10)	(633)
Modifications to contractual cash flows of loan /
financing commitments and financial guarantees	-	(112)	2	(110)
Changes in models / risk parameters	(19)	-	-	(19)
Exchange differences	2	(1)	-	1
At 31 March 2026	63,005	34,804	1,069	98,878
At 1 January 2025 Changes due to loan / financing commitments and financial guarantees recognised as at 1 January 2025:	62,247 4,460	25,090 (4,235)	1,504 (225)	88,841 -
- Transfer to Stage 1: 12-Month ECL	5,770	(5,624)	(146)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(1,304)	1,580	(276)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(6)	(191)	197	-
New loan / financing commitments and
financial guarantees originated	9,843	5,357	71	15,271
Net remeasurement due to changes in credit risk	(13,496)	10,007	109	(3,380)
Loan / Financing commitments and financial guarantees derecognised	(2,019)	(994)	(111)	(3,124)
Modifications to contractual cash flows of loan /
financing commitments and financial guarantees	(1)	(456)	(57)	(514)
Changes in models / risk parameters	(6,128)	(2,228)	7	(8,349)
Exchange differences	(87)	(24)	-	(111)
At 31 December 2025	54,819	32,517	1,298	88,634

Movements in the allowance for impairment on loan/financing commitments and financial guarantees are as follows (continued):

Lifetime ECL

	12-Month ECL	Not Credit- Impaired	Credit- Impaired
Bank	(Stage 1) RM'000	(Stage 2) RM'000	(Stage 3) RM'000	Total RM'000
At 1 January 2026 Changes due to loan commitments and financial guarantees recognised as at 1 January 2026:	45,986 2,980	27,850 (2,846)	919 (134)	74,755 -
- Transfer to Stage 1: 12-Month ECL	3,384	(3,351)	(33)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(403)	545	(142)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(1)	(40)	41	-
New loan commitments and financial
guarantees originated	2,684	2,759	-	5,443
Net remeasurement due to changes in credit risk	1,430	3,145	15	4,590
Loan commitments and financial guarantees derecognised	(404)	(122)	(7)	(533)
Modifications to contractual cash flows
of loan commitments and financial guarantees	-	(85)	9	(76)
At 31 March 2026	52,676	30,701	802	84,179
At 1 January 2025 Changes due to loan commitments and financial guarantees recognised as at 1 January 2025:	54,491 3,441	20,464 (3,322)	1,081 (119)	76,036 -
- Transfer to Stage 1: 12-Month ECL	4,544	(4,432)	(112)	-
- Transfer to Stage 2: Lifetime ECL not credit-impaired	(1,098)	1,250	(152)	-
- Transfer to Stage 3: Lifetime ECL credit-impaired	(5)	(140)	145	-
New loan commitments and financial
guarantees originated	8,377	4,687	32	13,096
Net remeasurement due to changes in credit risk	(13,148)	8,897	49	(4,202)
Loan commitments and financial guarantees derecognised	(1,712)	(588)	(105)	(2,405)
Modifications to contractual cash flows
of loan commitments and financial guarantees	(1)	(401)	(24)	(426)
Changes in models / risk parameters	(5,462)	(1,887)	5	(7,344)
At 31 December 2025	45,986	27,850	919	74,755

1st Quarter Ended Three Months Ended
	31 March	31 March	31 March	31 March
Group	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
Loans and advances	3,967,853	4,056,866	3,967,853	4,056,866
Balances with banks	85,525	94,019	85,525	94,019
Financial investments at fair value through other comprehensive income	319,331	338,839	319,331	338,839
Financial investments at amortised cost	230,699	232,116	230,699	232,116
Others	19,872 16,392		19,872	16,392
	4,623,280 4,738,232		4,623,280	4,738,232
Financial assets at fair value through
profit or loss	10,453 12,550		10,453	12,550
	4,633,733 4,750,782		4,633,733	4,750,782
Of which: Interest income earned on impaired loans and advances	22,024 24,348		22,024	24,348
1st Quarter Ended Three Months Ended
	31 March	31 March	31 March	31 March
Bank	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
Loans and advances	3,587,869	3,627,704	3,587,869	3,627,704
Balances with banks	50,117	52,886	50,117	52,886
Financial investments at fair value through other comprehensive income	250,480	259,921	250,480	259,921
Financial investments at amortised cost	219,702	219,239	219,702	219,239
Others	20,209 11,948		20,209	11,948
	4,128,377 4,171,698		4,128,377	4,171,698
Financial assets at fair value through
profit or loss	7,399 9,172		7,399	9,172
	4,135,776 4,180,870		4,135,776	4,180,870
Of which: Interest income earned on impaired loans and advances	12,137 12,197		12,137	12,197

1st Quarter Ended Three Months Ended

Group	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Deposits from banks and other
financial institutions	99,067	90,629	99,067	90,629
Deposits from customers	1,978,131	2,130,632	1,978,131	2,130,632
Loans sold to Cagamas	55,906	45,732	55,906	45,732
Debt securities issued and other
borrowed funds	93,337	85,112	93,337	85,112
Others	19,748 18,325		19,748	18,325
	2,246,189 2,370,430		2,246,189	2,370,430

1st Quarter Ended Three Months Ended

Bank	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Deposits from banks and other
financial institutions	111,823	117,801	111,823	117,801
Deposits from customers	1,846,069	1,938,967	1,846,069	1,938,967
Loans sold to Cagamas	55,906	45,732	55,906	45,732
Debt securities issued and other
borrowed funds	93,336	82,475	93,336	82,475
Others	18,643 13,813		18,643	13,813
	2,125,777 2,198,788		2,125,777	2,198,788

1st Quarter Ended Three Months Ended
	31 March	31 March	31 March	31 March
Group	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
(a) Fee and commission income: Commissions	258,543	246,741	258,543	246,741
Service charges and fees	81,005	83,012	81,005	83,012
Guarantee fees	9,042	9,216	9,042	9,216
Commitment fees	14,684	14,169	14,684	14,169
Unit trust management fees	347,122	329,295	347,122	329,295
Fee on sale of trust units Brokerage and commissions from stockbroking activities	121,090 36,988	102,280 46,152	121,090 36,988	102,280 46,152
Other fee and commission income	16,554	16,718	16,554	16,718
	885,028	847,583	885,028	847,583
(b) Fee and commission expense: Unit trust agency fee	(136,652)	(120,634)	(136,652)	(120,634)
Debit / Credit card related fee	(191,446)	(169,688)	(191,446)	(169,688)
Loan related fee	(7,127)	(8,658)	(7,127)	(8,658)
Other fee and commission expense	(7,660)	(5,613)	(7,660)	(5,613)
	(342,885)	(304,593)	(342,885)	(304,593)
Net fee and commission income	542,143	542,990	542,143	542,990
1st Quarter Ended Three Months Ended
	31 March	31 March	31 March	31 March
Bank	2026 RM'000	2025 RM'000	2026 RM'000	2025 RM'000
(a) Fee and commission income: Commissions	302,974	285,225	302,974	285,225
Service charges and fees	58,439	63,038	58,439	63,038
Guarantee fees	8,709	8,511	8,709	8,511
Commitment fees	13,584	13,017	13,584	13,017
Other fee and commission income	8,247	7,359	8,247	7,359
	391,953	377,150	391,953	377,150
(b) Fee and commission expense: Debit / Credit card related fee	(190,695)	(169,371)	(190,695)	(169,371)
Loan related fee	(4,873)	(5,259)	(4,873)	(5,259)
Other fee and commission expense	(2,178)	(2,027)	(2,178)	(2,027)
	(197,746)	(176,657)	(197,746)	(176,657)
Net fee and commission income	194,207	200,493	194,207	200,493

Group	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Net gain / (loss) arising on financial
assets at fair value through profit or loss:
- net gain on disposal	869	1,274	869	1,274
- gross dividend income	10,602	11,218	10,602	11,218
- unrealised revaluation (loss) / gain	(7,603)	4,808	(7,603)	4,808
	3,868	17,300	3,868	17,300
Net gain arising on trading derivatives:
- unrealised revaluation gain	13	9	13	9
Net gain arising on financial
investments at fair value through other comprehensive income: - net gain on disposal	16,340	15,927	16,340	15,927
- gross dividend income	1,699	44	1,699	44
	18,039	15,971	18,039	15,971
Net (loss) / gain representing ineffective
portions of hedging derivatives:
- fair value hedge	(231)	147	(231)	147
- cash flow hedge	815	588	815	588
	584	735	584	735
Net gains and losses on financial instruments	22,504	34,015	22,504	34,015

Bank	31 March 2026 RM'000	31 March 2025 RM'000	31 March 2026 RM'000	31 March 2025 RM'000
Net gain / (loss) arising on financial
assets at fair value through profit or loss:
- net gain on disposal 945		1,274	945	1,274
- unrealised revaluation (loss) / gain (1,663)		231	(1,663)	231
(718)		1,505	(718)	1,505
Net gain arising on trading derivatives: - unrealised revaluation gain 13 Net gain arising on financial		-	13	-
investments at fair value through other comprehensive income: - net gain on disposal 15,340		14,146	15,340	14,146
Net gain representing ineffective portions of hedging derivatives:
- cash flow hedge	815	588	815	588
Net gains and losses on financial instruments	15,450	16,239	15,450	16,239

1st Quarter Ended Three Months Ended

	31 March	31 March		31 March		31 March
	2026	2025		2026		2025
	RM'000	RM'000		RM'000		RM'000
Group
Other income:
Foreign exchange income 98,508		95,018		98,508		95,018
Rental income from:
- investment properties	4,339	5,434		4,339		5,434
- other properties Net gain on disposal of	2,473	2,577		2,473		2,577
property and equipment Net gain on disposal of foreclosed	130	39		130		39
properties	20		355		20		355
Others	42,105		23,016		42,105		23,016
Total other operating income	147,575		126,439		147,575		126,439

1st Quarter Ended Three Months Ended

	31 March	31 March		31 March		31 March
	2026	2025		2026		2025
	RM'000	RM'000		RM'000		RM'000
Bank
Distribution income from collective investments	55,149	57,755		55,149		57,755
Dividend income from subsidiary companies
- quoted in Malaysia	87,948	87,948		87,948 87,948
- unquoted in Malaysia	35,000	64,000		35,000 64,000
	178,097		209,703		178,097		209,703
Other income:
Foreign exchange income	81,562		112,841		81,562		112,841
Rental income from other properties Net gain on disposal of	2,867		2,962		2,867		2,962
property and equipment	83		26		83		26
Net gain on disposal of foreclosed
properties	20		355		20		355
Others	39,595		18,698		39,595		18,698
	124,127		134,882		124,127		134,882

Total other operating income	302,224		344,585		302,224		344,585

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