CREATING A
POSITIVE IMPACT
GROWING TRUST, Connecting PEOPLE
CREATING A
POSITIVE IMPACT
GROWING TRUST, Connecting PEOPLE
Group Chief Executive Officer’S
MESSAGE
The Group recorded a stronger financial performance for FY2022, with total income growing by 2.5% to RM4,665.0 million. Net Interest Income (NII) grew 11.6%, driven by both Net Interest Margin (NIM) expansion and broad-based loan growth. The Group’s expenses were lower by 1.8% to RM2,094.2 million. With a positive jaw of 4.3%, our cost-to-income (CTI) ratio improved to 44.9% from 46.8% a year ago.
DATO’ SULAIMAN MOHD TAHIR
Group Chief Executive Officer, AmBank Group
JAMIE LING
Group Chief Financial Officer, AmBank Group
PERFORMANCE REVIEW BY
Group Chief Financial Officer
The Group achieved yet another year of income growth, representing the third consecutive year of growth.
Overall income grew 2.5%, with net interest income (NII) growing strongly by 11.6% to RM3,275.2 million. This strong NII growth was driven by a 6.5% loans growth and net interest margin expansion to 2.05% (FY2021: 1.90%) as cost of funds improved.
NII improvement was largely offset by a decline of 14.1% in Non-Interest Income (NOII). Volatile market conditions adversely affected trading and investment income of Global Treasury Market (GTM) and Insurance partially offset by, Investment Banking fee income which grew 3.6% YoY as well as Corporate and Transaction Banking fee income which grew 28.7% YoY on the back of higher customer activities.
