Ann: 1H 2023 Results Investor Presentation, page-2

Probably get howled down for cherrypicking a few things I did not like much about this result 1. the reduction in capital ratio. I would like to think this downtrend is stabilised soon. 2. The mild reduction in dividend - some slack required here in light of the CIT increase of 15% 3. the reduced NIM margin. Although I point this out I must also say that it is with the uncontrolled background of a 1.5% reduction in the local treasury bill and Govt security rates. The margin between their deposit and lending rates is actually quite healthy. Outside of that I see the results as very solid. More particularly I am pleased to see their maturity as a multifaceted investment bank with a much larger regional influence. The rhetoric appears very rosy to me despite the geopolitical background. I only hope they live up to the picture they are painting.