24  February 2022
Maybank records FY21 net profit of RM8.10b, boosted by lower provisioning on improving regional economies

Maybank Group today announced that it posted higher earnings for the financial year ended 31 December 2021 (FY21) with profit before tax (PBT) rising 25.8% year-on-year (Y-o-Y) to RM10.89 billion, compared with the RM8.66 billion a year earlier. Net profit rose to RM8.10 billion, 24.9% higher than the RM6.48 billion recorded a year earlier.

Highlights

  • Net fund based income up 14.6% to RM19.09b
  • Net fee based income lower at RM6.36b from RM8.11b
  • Net operating income 2.8% higher at RM25.45b
  • Marginal 2.6% increase in overhead expenses to RM11.52b
  • Pre-provisioning operating profit grew by 2.9% to RM13.93b
  • Net impairment losses improved 36.6% to RM3.23b from RM5.09b
  • Profit before tax rose to RM10.89b from RM8.66b
  • Net profit higher at RM8.10b from RM6.48b
  • Healthy liquidity position with Group LCR at 136.4%
  • Robust capital position: 18.83% total capital ratio & 15.40% CET1 capital ratio

More information is available as follows:
1. Press Release
2. Investor Presentation
3. Financial Statements