PERFORMANCE HIGHLIGHTS Despite a decrease in Commercial Banking's total assets by 2.7% (RM190.5 million) from RM7.14 billion in December 2021 to RM6.95 billion in December 2022, the division recorded an increase in total gross income of RM22.4 million (7.3%) from RM306.7 million in December 2021 to RM329.1 million in December 2022. This is largely attributed to higher fund-based income, which stood at RM308.1 million in December 2022 compared to RM285.6 million in December 2021. While we experienced a lower asset contribution from the non SME segments, which was worth RM5.13 billion in December 2022 compared to December 2021's RM5.36 billion, we remain optimistic about the future growth potential of this sector. Although the Gross Impaired Ratio increased from 1.99% in December 2021 to 2.70% in December 2022, we are confident in our risk management measures and remain committed to addressing any potential challenges in a proactive manner. Additionally, our Past Due but Not Impaired (PDNI) ratio also decreased to 0.14% in December 2022 from 0.49% in December due to our robust and pro-active early care management of potential distress customer. Dec’21 Dec’22 Dec’20 1,618 5,378 RM7.00b +2.0% RM7.14b RM6.95b 5,356 1,780 5,134 1,812 (2.7%) SME Non-SME Dec’21 Dec’22 Dec’20 23 301 RM323m (6.0%) RM304m RM329m 283 21 21 308 +8.3% Fund-Based Fee-Based Dec’21 Dec’22 Dec’20 6,996 7,137 6,950 1.10% 0.49% 1.99% 2.70% 0.14% 2.25% Impaired Ratio PDNI Ratio Asset Integrated Report 2022 92 BUSINESS REVIEW Commercial Banking
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