Maybank Indonesia

Maybank Indonesia's net profit rose 5.13% yoy to IDR 732 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia made a net profit of IDR 732 bil under revenues of IDR 2,705 bil in the fourth quarter of 2019, up 5.13% and ...

Maybank Indonesia's capital adequacy ratio rose 12.3% yoy to 21.4% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's capital adequacy ratio reached 21.4% at the end of fourth quarter of 2019, up from 20.1% when compared to the...

Maybank Indonesia's employees rose 1.13% yoy to 6,603 in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia employed 6,603 persons in 2019-12-31, down 0.166% when compared to the previous year. Historically, the bank's...

Profit Statement 2017 2018 2019
Net Interest Income IDR bil 7,702 8,100 8,168
Net Fee Income IDR bil 479 1,715 1,598
Other Income IDR bil 2,240 246 781
Total Revenues IDR bil 10,421 10,061 10,547
Staff Cost IDR bil 2,387 2,461 2,571
Operating Profit IDR bil 4,651 4,029 4,145
Provisions IDR bil 2,152 989 1,535
Net Profit IDR bil 1,802 2,192 1,839
Balance Sheet 2017 2018 2019
Interbank Loans IDR bil 7,142 7,184 11,197
Customer Loans IDR bil 123,298 131,072 120,019
Debt Securities IDR bil 21,905 16,728 18,108
Total Assets IDR bil 173,253 177,533 169,083
Shareholders' Equity IDR bil 20,775 25,091 26,685
Interbank Borrowing IDR bil 11,502 11,171 10,642
Customer Deposits IDR bil 121,292 116,812 110,601
Issued Debt Securities IDR bil 12,726 16,705 14,308
Ratios 2017 2018 2019
ROE % 9.00 9.56 7.10
ROA % 1.06 1.25 1.06
Costs (As % Of Assets) % 3.39 3.44 3.69
Costs (As % Of Income) % 55.4 60.0 60.7
Capital Adequacy Ratio % 17.5 19.0 21.4
Net Interest Margin % 4.53 4.62 4.71
Loans (As % Of Deposits) % 102 112 109
NPLs (As % Of Loans) % 5.13 5.44 6.45
Provisions (As % Of NPLs) % 72.4 63.3 57.8
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 1,316 1,088 1,134
Share Price (End Of Period) IDR 263 206 206
Price/Earnings (P/E) 9.94 6.77 8.54
Price/Book Value (P/BV) 0.862 0.592 0.588
Dividend Yield % 2.01 3.49 ...
Earnings Per Share (EPS) IDR 26.5 30.4 24.1
Book Value Per Share IDR 305 348 350
Dividend Per Share IDR 5.30 7.20 ...

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summary Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Net Interest Income IDR bil                                               5,801 5,932 6,488 6,608 7,702    
Total Revenues IDR bil                                               8,166 7,746 8,955 8,709 10,421    
Operating Profit IDR bil                                               3,162 2,750 3,623 4,180 4,651    
Net Profit IDR bil                                               1,545 708 1,139 1,934 1,802    
balance sheet                                                            
Interbank Loans IDR bil                                               7,103 6,896 16,447 4,391 7,142    
Customer Loans IDR bil                                               100,977 104,904 110,490 113,736 123,298    
Debt Securities IDR bil                                               13,473 10,932 9,918 17,425 21,905    
Total Assets IDR bil                                               140,547 143,365 157,619 166,679 173,253    
Shareholders' Equity IDR bil                                               12,408 14,495 15,743 19,273 20,775    
Interbank Borrowing IDR bil                                               4,219 8,369 9,948 4,936 11,502    
Customer Deposits IDR bil                                               107,240 101,864 115,486 118,932 121,292    
Issued Debt Securities IDR bil                                               10,410 11,378 9,296 10,848 12,726    
ratios                                                            
ROE % ...                                             14.0 5.26 7.53 11.0 9.00    
ROA % ...                                             1.21 0.499 0.757 1.19 1.06    
Costs (As % Of Assets) % ...                                             3.90 3.52 3.54 2.79 3.39    
Costs (As % Of Income) %                                               61.3 64.5 59.5 52.0 55.4    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...                               12.7 15.8 15.2 16.8 17.5    
Net Interest Margin % ...                                             4.53 4.18 4.31 4.07 4.53    
Interest Income (As % Of Revenues) %                                               71.0 76.6 72.5 75.9 73.9    
Fee Income (As % Of Revenues) %                                           ... ... ... ... ... ... 4.59    
Staff Cost (As % Of Total Cost) %                                               47.1 42.9 43.7 45.0 41.4    
Equity (As % Of Assets) %                                               8.83 10.1 9.99 11.6 12.0    
Loans (As % Of Deposits) %                                               94.2 103 95.7 95.6 102    
Loans (As % Assets) %                                               71.8 73.2 70.1 68.2 71.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...                         4.12 5.23 6.72 6.67 5.13    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...                         25.0 25.1 27.0 25.9 72.4    
valuation                                                            
Market Capitalisation (End Of Period) USD mil ...                                             1,553 1,134 836 1,701 1,316    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ...   ... ... ... ... ...         ...       ... 59,686 61,432 68,113 68,113 68,113    
Share Price (End Of Period) IDR ...                                             305 207 170 338 263    
Earnings Per Share (EPS) IDR                           ...         ...       ... 25.6 11.9 16.9 28.4 26.5    
Book Value Per Share IDR ... ... ... ... ... ... ... ...   ... ... ... ... ...         ...       ... 208 236 231 283 305    
Dividend Per Share IDR ... ... ... ...                               ... ...     0 0 0 5.72 5.30   ...
Price/Earnings (P/E) ...               ... ...   ...   ...         ... ...     ... 11.9 17.3 10.1 11.9 9.94    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ... ... ...         ...       ... 1.47 0.877 0.736 1.19 0.862    
Dividend Yield % ... ... ... ...                               ... ...     0 0 0 1.69 2.01   ...
Earnings Per Share Growth % ...                         ... ...       ... ...     ... ... -53.3 41.7 67.9 -6.84    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ...     ... ... 13.5 -2.04 22.4 7.80    
income statement Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                            
Interest Income IDR bil                                               11,200 13,400 13,906 13,546 14,803    
Interest Cost IDR bil                                               5,400 7,468 7,417 6,939 7,101    
Net Interest Income IDR bil                                               5,801 5,932 6,488 6,608 7,702    
Net Fee Income IDR bil                                           ... ... ... ... ... ... 479    
Other Income IDR bil                                           ... ... ... ... ... ... 2,240    
Total Revenues IDR bil                                               8,166 7,746 8,955 8,709 10,421    
Staff Cost IDR bil                                               2,356 2,143 2,331 2,039 2,387    
Operating Cost IDR bil                                               5,004 4,997 5,332 4,529 5,770    
Operating Profit IDR bil                                               3,162 2,750 3,623 4,180 4,651    
Provisions IDR bil                                               872 1,772 2,166 1,595 2,152    
Extra and Other Cost IDR bil                                               106 4.68 -87.3 -25.5 -17.4    
Pre-Tax Profit IDR bil                                               2,184 973 1,545 2,611 2,517    
Tax IDR bil                                               614 251 401 676 658    
Minorities IDR bil                                               25.2 14.1 4.49 0 56.8    
Net Profit IDR bil                                               1,545 708 1,139 1,934 1,802    
Dividends IDR bil                                       ... ...     0 0 0 390 361   ...
growth rates                                                            
Net Interest Income Growth % ...                                             9.17 2.26 9.38 1.84 16.6    
Net Fee Income Growth % ...                                         ... ... ... ... ... ... ...    
Total Revenue Growth % ...                                             11.9 -5.14 15.6 -2.75 19.7    
Operating Cost Growth % ...                                             11.0 -0.144 6.71 -15.1 27.4    
Operating Profit Growth % ...                                             13.2 -13.0 31.8 15.4 11.3    
Pre-Tax Profit Growth % ...                                             28.8 -55.5 58.8 69.0 -3.60    
Net Profit Growth % ...                                             27.9 -54.2 60.9 69.8 -6.84    
market share                                                            
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 2.31 1.95 2.04 1.73 2.02 ... ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         ...       1.38 0.619 1.15 2.05 1.40 ... ...
Market Share in Branches % ... ... ... ... ... ... ... ... ... ...                           ... ... ... ... ... ... ...
balance sheet Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                            
Cash IDR bil                                               11,580 12,046 12,309 15,216 10,462    
Interbank Loans IDR bil                                               7,103 6,896 16,447 4,391 7,142    
Customer Loans IDR bil                                               100,977 104,904 110,490 113,736 123,298    
Retail Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         14,489 30,168 33,633 5,747 41,362    
Mortgage Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Consumer Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...    
Corporate Loans IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     34,737 36,471 39,237 45,419 44,042    
Debt Securities IDR bil                                               13,473 10,932 9,918 17,425 21,905    
Fixed Assets IDR bil                                               1,108 1,177 1,145 2,545 2,631    
Intangible Assets IDR bil ... ... ... ... ... ... ...                                 171 222 212 250 236    
Goodwill IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ...       0 0 0 0 7.13    
Total Assets IDR bil                                               140,547 143,365 157,619 166,679 173,253    
Shareholders' Equity IDR bil                                               12,408 14,495 15,743 19,273 20,775    
Of Which Minority Interest IDR bil                                               194 202 238 256 311    
Liabilities IDR bil                                               128,138 128,870 141,876 147,406 152,478    
Interbank Borrowing IDR bil                                               4,219 8,369 9,948 4,936 11,502    
Customer Deposits IDR bil                                               107,240 101,864 115,486 118,932 121,292    
Sight Deposits IDR bil                                               17,692 16,344 16,158 20,438 23,715    
Term Deposits IDR bil                                               89,548 85,520 99,329 98,494 97,577    
Issued Debt Securities IDR bil                                               10,410 11,378 9,296 10,848 12,726    
Subordinated Debt IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...           ...     2,989 4,484 4,487 5,287 5,291    
Other Liabilities IDR bil                                               6,270 7,259 7,145 12,690 6,959    
asset quality                                                            
Non-Performing Loans IDR bil ... ... ... ... ... ... ... ... ... ... ...                         4,201 5,563 7,558 7,724 6,568    
Gross Loans IDR bil                                               102,030 106,302 112,529 115,736 128,051    
Total Provisions IDR bil                                               1,052 1,398 2,039 2,000 4,752    
growth rates                                                            
Customer Loan Growth % ...                                             26.5 3.89 5.33 2.94 8.41    
Retail Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       26.4 108 11.5 -82.9 620    
Mortgage Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Consumer Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...  
Corporate Loan Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...   12.2 4.99 7.58 15.8 -3.03    
Total Asset Growth % ...                                             21.4 2.01 9.94 5.75 3.94    
Shareholders' Equity Growth % ...                                             28.4 16.8 8.61 22.4 7.80    
Customer Deposit Growth % ...                                             24.8 -5.01 13.4 2.98 1.98    
market share                                                            
Market Share in Customer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.95 2.77 2.70 2.61 2.60 ... ...
Market Share in Corporate Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...     2.20 2.07 1.97 2.16 1.95 ... ...
Market Share in Consumer Loans % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...       1.55 1.82 1.88 0.261 1.76 ... ...
Market Share in Total Assets %                                               2.85 2.56 2.58 2.51 2.38 ... ...
Market Share in Customer Deposits %                                               3.14 2.69 2.84 2.63 2.47 ... ...
ratios Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                            
ROE % ...                                             14.0 5.26 7.53 11.0 9.00    
ROA % ...                                             1.21 0.499 0.757 1.19 1.06    
Costs (As % Of Assets) % ...                                             3.90 3.52 3.54 2.79 3.39    
Costs (As % Of Income) %                                               61.3 64.5 59.5 52.0 55.4    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ...                               12.7 15.8 15.2 16.8 17.5    
Tier 1 Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ...   ... ... ...           12.8 11.5 11.5 13.3 14.6    
Net Interest Margin % ...                                             4.53 4.18 4.31 4.07 4.53    
Interest Spread % ...                                             4.13 3.63 3.76 3.56 3.97    
Asset Yield % ...                                             8.74 9.44 9.24 8.35 8.71    
Cost Of Liabilities % ...                                             4.61 5.81 5.48 4.80 4.74    
Payout Ratio %                                       ... ...     0 0 0 20.1 20.0   ...
Interest Income (As % Of Revenues) %                                               71.0 76.6 72.5 75.9 73.9    
Fee Income (As % Of Revenues) %                                           ... ... ... ... ... ... 4.59    
Other Income (As % Of Revenues) %                                           ... ... ... ... ... ... 21.5    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ...                             2,465 1,949 1,999 1,806 2,192    
Cost Per Employee (Local Currency) IDR per month ... ... ... ... ... ... ... ... ...                             25,680,900 23,933,900 26,170,400 24,591,100 29,565,900    
Staff Cost (As % Of Total Cost) %                                               47.1 42.9 43.7 45.0 41.4    
Equity (As % Of Assets) %                                               8.83 10.1 9.99 11.6 12.0    
Loans (As % Of Deposits) %                                               94.2 103 95.7 95.6 102    
Loans (As % Assets) %                                               71.8 73.2 70.1 68.2 71.2    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ...                         4.12 5.23 6.72 6.67 5.13    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ...                         25.0 25.1 27.0 25.9 72.4    
Provisions (As % Of Loans) %                                               1.04 1.33 1.85 1.76 3.85    
Cost of Provisions (As % Of Loans) % ...                                             0.964 1.72 2.01 1.42 1.82    
other data Unit 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                            
Branches ... ... ... ... ... ... ... ... ... ...                           421 442 457 429 408    
Employees ... ... ... ... ... ... ... ... ...                             7,645 7,460 7,421 6,908 6,727    
Sight (As % Of Customer Deposits) %                                               16.5 16.0 14.0 17.2 19.6    
Risk-Weighted Assets IDR bil ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   112,980 115,416 118,896 129,900 129,010    
Return on Loans % ...                                             1.71 0.688 1.06 1.73 1.52    
Operating Profit (As % of Loans) % ...                                             3.50 2.67 3.36 3.73 3.92    
Costs (As % Of Loans) % ...                                             5.54 4.85 4.95 4.04 4.87    
Equity (As % Of Loans) %                                               12.3 13.8 14.2 16.9 16.8    

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Maybank Indonesia's corporate loans fell 47.0% yoy to IDR 25,531 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's loans reached IDR 124,663 bil in the fourth quarter of 2019, down from IDR 132,379 bil when compared to the previous quarter and down from IDR 135,752 bil when compared to the same period of last year. Historically, the bank’s lo...

Maybank Indonesia's npls (as % of loans) rose 18.5% yoy to 6.45% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's non-performing loans reached 6.45% of total loans at the end of 2019-12-31, up from 5.44% compared to the previous year. Historically, the NPL ratio hit an all time high of 60.8% in 2002-03-31 and an all time low of 2.49% in 2008-06-30. ...

Maybank Indonesia's price/earnings (P/E) fell 4.94% yoy to 5.36 in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia stock traded at IDR 206 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,134 mil. Since the end of 4Q2014, the stock has depreciated by -0.483 % implying an annual average growth of -0.097 %. In absolute terms, th...

Maybank Indonesia's net interest margin rose 0.271% yoy to 4.71% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's net interest margin amounted to 4.71% in the fourth quarter of 2019, up from 4.65% when compared to the previous quarter. Historically, the bank’s net interest margin reached an all time high of 6.86% in 2Q2005 and an all time low of ...

Maybank Indonesia's net interest income fell 0.841% yoy to IDR 2,043 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia generated total banking revenues of IDR 2,705 bil in the fourth quarter of 2019, down 0% when compared to the same period of last year and 1.56% when compared to the previous quarter. Historically, the bank’s revenues containing of interest,...

Maybank Indonesia's market capitalisation (end of period) rose 4.19% yoy to USD 1,134 mil in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia stock traded at IDR 845 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,400 mil. Over the last five years, the stock has appreciated by 24.3 implying an annual average growth of 4.44% In absolute ...

Maybank Indonesia's costs (as % of assets) rose 1.05% yoy to 3.56% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's cost to income ratio reached 57.0% in the fourth quarter of 2019, down from 61.0% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 736% of income in 1Q2002 and an all time low of 28.8% in 4...

Maybank Indonesia's equity (as % of assets) rose 11.7% yoy to 15.8% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's Equity reached 15.8% of total assets in the 4Q2019, up from 14.1% for the previous year. As a share of net customer loans, the ratio amounted to 22.2% at the end of the fourth quarter of 2019. ...

Maybank Indonesia's customer loan growth fell 234% yoy to -8.43% in 4Q2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia's customer loan growth reached -8.43% in 2019-12-31, down from 6.30% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 90.1% in 2003-06-30 and an all time low of -78.1% in 2002-06-30. In the...

Maybank Indonesia's employees rose 1.13% yoy to 6,603 in 2019

By Helgi Analytics - March 4, 2020

Maybank Indonesia employed 6,603 persons in 2019, up 1.13% when compared to the previous year. Historically, the bank's workforce hit an all time high of 7,989 persons in 2003 and an all time low of 6,529 in 2018. Average cost reached USD 2,316 per month per empl...

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