Malayan Banking : Maybank Indonesia Records 33.3% Increase in Profit before Tax (PBT) to Rp750 Billion in the First Quarter of 2023

Financials Maybank Indonesia Records 33.3% Increase in Profit before Tax (PBT) to Rp750 Billion in the First Quarter of 2023

28 April 2023

5-min read

Consolidated Financial Highlights as of 31 March 2023.

(The figures presented here are the Bank's financial statements during the first quarter ended 31 March 2023, compared to the same period in 2022, Y-o-Y, unless stated otherwise)

Y-o-Y Highlight of Q1 2023 Profit before Tax (PBT) increased by 33.3% to Rp750 billion from Rp562 billion; Profit after Tax & Minority Interest (PATAMI) increased by 45.7% to Rp566 billion from Rp388 billion; Fee-based income increased significantly by 20.7% to Rp574 billion from Rp475 billion derived from: Growth in global market transactions fees by 98.7% to Rp101 billion; Growth in asset recovery fees (Bank only) by more than 7 times to Rp142 billion. Total outstanding loans grew 7.7% to 22 trillion from Rp99.52 trillion, backed by: Growth in Global Banking loans by 4% to Rp39.29 trillion from Rp35.26 trillion; Significant growth in Community Financial Services (CFS) Retail loans by 6% to Rp40.10 trillion from Rp34.98 trillion, supported by growth in all retail segments from subsidiaries' auto loans, credit card business & personal loans, and mortgage;