Announcement Of Maybank Group Headline KPIs For FY2006

Mar 22, 2006 Back
Type Announcement
Subject ANNOUNCEMENT OF MAYBANK GROUP HEADLINE KPIs FOR FY2006

Contents :

Maybank would like to announce its headline Key Performance Indicators ("KPI") for FY2006 and its two-year headline KPIs. These headline KPIs have been set and agreed by the Board and management of Maybank as part of the broader KPI framework that Maybank has in place, as prescribed under the GLC Transformation program, and is disclosed on a voluntary basis.

The headline KPIs represent the main corporate targets set by Maybank for the period and should not be constituted as being forecasts. In this respect please note the following;

These headline KPIs are targets or aspirations set by Maybank as a transparent performance management practice. These headlines shall not be construed as either forecasts, projections or estimates of Maybank or representations of any future performance, occurrence or matter as the headlines are merely a set of targets/aspirations of future performance aligned to Maybank's strategy.

FY2006 Headline KPIs

1. Minimum Return on Equity (ROE) of 18.0% (as compared to FY2005 actual ROE of 17.4%).
2. Minimum Revenue growth of 10%.

Two years Headline KPIs (FY2006-FY2008)

1. Minimum ROE of 18.0% for FY2007 and FY2008.
2. Minimum Revenue growth of 10% p.a. for FY2007 - FY2008.

Maybank Group Headline KPIs reflect a balanced approach towards earning growth and capital efficiency. These Headline KPIs also provide clear motivation to the management to strive for sustainable superior rate of return over the medium term.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 22 Mar 2006  
Category General Announcement
Reference No MB-060322-62267