Download - Public Bank | PBeBank.com

More documents

Recommendations

Info

149Chairman’s Review – OverviewSummary of Group Financial PerformanceGroup Financial SummaryPre-tax profit rose by 4.6%* to RM5.10 billion in 2012. Based on previouslyreported pre-tax profit of RM4.61 billion, pre-tax profit growth was 10.7%.ContinuedProfit GrowthNet profit attributable to shareholders grew by 5.0%* to RM3.87 billion in 2012.Based on previously reported net profit of RM3.48 billion, net profit growth was11.1%.Earnings per share increased by 5.0% to 110.5 sen.Net return on equity remained strong at 24.5% in 2012.Ranks No.1 in terms of cost efficiency amongst Malaysian banking groups withcost to income ratio of 30.5%, much lower than the banking industry’s averagecost to income ratio of 46.0%.Despite intense market competition, gross loans, advances and financing grew by11.3% or RM20.09 billion to RM197.78 billion as at the end of 2012 with domesticloans growing by 12.5%.Balance SheetFurther StrengthenedCustomer deposits expanded by 12.3% or RM24.67 billion to stand atRM225.04 billion as at the end of 2012 with domestic customer deposits growingby 13.0%.Total assets increased by 9.6% to RM274.62 billion as at the end of 2012supported by healthy growth in loans and deposits.Net loan to deposit ratio remained stable and healthy at 87.1% as at the end of 2012.SuperiorAsset QualityRanks No.1 in terms of asset quality amongst Malaysian banking groups withgross impaired loans ratio of 0.7% as at the end of 2012, approximately one-thirdthat of the Malaysian banking industry’s gross impaired loans ratio of 2.0% as atthe end of 2012.Loan loss coverage remained prudent at 126.0% as at the end of 2012, up 12.2%from 113.8% a year ago.Healthy Levelof CapitalTier 1 capital ratio and risk-weighted capital ratio continued to be healthy at 10.8%and 14.1% respectively as at the end of 2012.* Growth based on restated comparatives with retrospective application of MFRS 139The Board of Directors declared a second interim single tier dividend of 30 sen per ordinary share. Together with the firstinterim single tier dividend of 20 sen per ordinary share, the total dividend for 2012 would amount to a net dividend of 50 senper ordinary share as compared to a net dividend of 48 sen per ordinary share for 2011. Total dividends paid and to be paidfor 2012 would amount to RM1.75 billion, representing 45.3% of the Public Bank Group’s net profit for 2012.
150PUBLIC BANK BERHAD Annual Report 2012Resilient AlwaysChairman’s Review – OverviewSummary of Group Financial PerformanceSegmental Profitability(i) Profit Before Tax By Business Segment2012 2011^RM’Million% ofContribution RM’Million% ofContributionDomestic Operationscomprise of:Retail 2,986 58.5 2,780 57.0Hire Purchase 668 13.1 645 13.2Fund Management 372 7.3 322 6.6Corporate Lending 322 6.3 308 6.3Treasury and Capital Market 340 6.6 321 6.6Investment Banking 45 0.9 51 1.0Others* 46 0.9 154 3.2Total domestic operations 4,779 93.6 4,581 93.9Overseas Operations 325 6.4 297 6.1Profit before taxation 5,104 100.0 4,878 100.0* Others comprise mainly of domestic head office, other miscellaneous domestic segment and domestic share of profit after tax of equity accountedassociated companies.^Restated due to retrospective application of MFRS 139Retail Operations, being the core business of the PublicBank Group, contributed 58.5% to the Group’s pre-taxprofits in 2012, followed by Hire Purchase Operationsand Fund Management Operations which contributed13.1% and 7.3% respectively to the Group’s pre-taxprofits.Retail Operations' pre-tax profit increased by 7.4% fromRM2,780.2 million in 2011 to RM2,986.4 million in 2012.The growth was mainly driven by higher net interest andfinance income in line with healthy growth in loans anddeposits as well as stable asset quality.Hire Purchase Operations’ pre-tax profit in 2012grew by 3.6%, an increase of RM23.5 million toRM668.3 million. The growth was mainly driven byhealthy growth in hire purchase loans.Fund Management Operations achieved a 15.6% growthin its pre-tax profit from RM321.9 million in 2011 toRM372.2 million in 2012 on the back of healthy growthin net asset value of funds under management.Corporate lending recorded an increase in pre-taxprofit by 4.8% or RM14.6 million from RM307.7 millionin 2011 to RM322.3 million in 2012 mainly due to highernet interest income partially offset by lower loan recoveriesfrom impaired loans due to certain once-off recoveries in2011. Operating profit before loan loss allowances grewby 12.0% in 2012.Treasury and Capital Market Operations’ pre-tax profitincreased by 5.8% to RM339.4 million in 2012 mainly dueto higher interest margin earned on treasury gappingactivities.Investment Banking Operations reported satisfactoryresults with pre-tax profit of RM44.5 million in 2012.
Page 1 and 2: 144PUBLIC BANK BERHAD Annual Report
Page 5: 148PUBLIC BANK BERHAD Annual Report
Page 57 and 58:
200PUBLIC BANK BERHAD Annual Report
Page 59 and 60:
Page 61 and 62:
Page 63 and 64:
Page 65 and 66:
Page 67 and 68:
Page 69 and 70:
show all

Download - Public Bank | PBeBank.com

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?