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155Chairman’s Review – OverviewSummary of Group Financial Performance2012RM’Million2011RM’MillionGROSS IMPAIRED LOANSBY GEOGRAPHICALLOCATIONSGross Impaired Loans 1,374 1,530Domestic 1,213 1,348Overseas 161 1822012%2011%GROSS IMPAIRED LOANS RATIODomestic 0.7 0.8of which:Public Bank 0.6 0.8Public Islamic Bank 0.9 0.9Loan Loss CoveragePercentage (%)160 159.7140126.0120.3^ 120120113.810094.2^^87.1100.9099.48094.888.660402002008 2009 2010 2011 2012YearOverseas 1.2 1.3of which:Public Bank (Hong Kong) Ltd 0.5 0.7Public Finance Ltd 2.8 2.9Cambodian Public Bank Plc 3.0 3.0Group 0.7 0.9The Group’s domestic asset quality remained strong.Despite a 11.3% growth in total loans in 2012, grossimpaired loans further dropped to RM1.37 billion as atthe end of 2012 from RM1.53 billion a year earlier. Grossimpaired loans ratio decreased from 0.9% as at the endof 2011 to 0.7% as at the end of 2012 and remainedthe best amongst Malaysian banking groups.The asset quality of the Group’s overseas operationscontinued to improve. Gross impaired loans and grossimpaired loans ratio dropped to RM161.5 millionand 1.2% respectively as at the end of 2012 fromRM181.3 million and 1.3% respectively a year earlier.^^^Loan loss coverage – old GP3 (3 months classification)Banking systemLoan loss coverage – FRS 139/MFRS 139Decrease in loan loss coverage due to more stringent criteria on theclassification of impaired loans.Decrease in loan loss coverage due to write back of excess broughtforward collective assessment allowance as a result of retrospectiveapplication of MFRS 139Apart from low gross impaired loans ratio, the PublicBank Group also maintained high levels of provisioning.Despite the write-back of excess collective assessmentallowance due to the adoption of MFRS 139, the Group’sloan loss coverage stood at 126.0% as at the end of2012, which was higher and more prudent than thebanking industry’s coverage ratio of 100.9%.The Group’s collective assessment allowance ofRM1.53 billion as at the end of 2012 exceeded netimpaired loans of RM1.17 billion by 1.3 times despitethat more than 90% of the impaired loans are secured.
156PUBLIC BANK BERHAD Annual Report 2012Resilient AlwaysChairman’s Review – OverviewSummary of Group Financial PerformanceCustomer DepositsSteady Customer Deposit GrowthDeposits - Outstanding Balance and Market ShareRM’MillionPercentage (%)250,00020200,000150,000100,00050,00038,71515.5%111,204151,18542,08916.3%127,623170,89232,76914.8% 14.9% 15.2%143,639176,87242,872157,297200,37147,817177,035225,0421816141210864202008Total customer deposits2009Wholesale deposits020102011 2012 YearCore customer depositsMarket share – customer depositsThe Public Bank Group’s deposits from customer grew by 12.3% or RM24.67 billion to stand at RM225.04 billion asat the end of 2012. Core customer deposits expanded by 12.5% or RM19.74 billion to RM177.03 billion as at the endof 2012. Wholesale deposits which comprise mainly money market deposits and negotiable instruments of deposits alsoincreased by 11.5% or RM4.94 billion to RM47.82 billion as at the end of 2012. The Group’s domestic market shareof customer deposits increased to 15.2% as at the end of 2012 from 14.9% as at the end of 2011.Outstanding Growth Rate2012 2011 2012%2011%TOTAL CUSTOMER DEPOSITS BY ENTITYDomestic (RM’Million) 210,680 186,445 13.0 14.7of which:Public Bank (RM’Million) 181,688 159,384 14.0 13.2Public Islamic Bank Berhad (RM’Million) 23,703 20,030 18.3 30.9Overseas (RM’Million) 14,362 13,926 3.1 (2.6)of which:Public Bank (Hong Kong) Ltd (HKD’Million) 25,009 24,218 3.3 (8.4)Public Finance Ltd (HKD’Million) 3,830 3,456 10.8 10.6Cambodian Public Bank Plc (USD’Million) 907 771 17.6 (2.7)Group (RM’Million) 225,042 200,371 12.3 13.3Domestic customer deposits grew at faster rate of 13.0% to reach RM210.68 billion as at the end of 2012. Despite thehighly competitive environment, the deposit growth of the overseas operations have improved from the previous year. Inparticular, Cambodian Public Bank Plc registered deposit growth of 17.6% in terms of USD.
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