yxryk*¾vdubPfvDrdwuf (28) BudrfajrmufESpfywfvnftaxGaxG

tpnf;ta0;BuD;rS

vdIufvSJpGmBudKqdkygonf/ 24-11-2019 (we*FaEGaeY) jrefrmEdkifiHbPfrsm;toif; ‘ ZrÁL&mZfa&Tpifcef;r

OUTLINE OF PRESENTATION

I. Introduction

- New Developments

- New Fiscal Year (Sept’2018-Oct’2019)

- New Branch Openings

(1) Maubin(Irrawaddy Region) (16-12-2018)

(2) Myawaddy(Kayin State) (17-2-2019)

(3) Myaing(Pakokku Township) (27-3-2019)

1

- New Branches Under Construction

(1) Shwe Bo(Sagaing Region)

(2) Mindat(Chin State)

- Closing of Two Mini-branches

(1) Thingangyun (21-6-2019)

(2) Magwe (21-6-2019)

2

II. FY 2018-2019 Performance

- Financial Performance Highlights

III. Sustained Development

Review of 28 years Achievement

(1992-1993) – (2018-2019)

- Growth Indicators

- Capital (1993-2019)

- Human Resources

- Assets (1993-2019)

- Real Estate(Land/Buildings)

3

- No of Branches

- Deposits

- Loans

- NPL (Non Performing Loan)

- Financial Products

- Authorized Dealer License

- Mobile Banking

- Profit/Taxes/Dividends

4

IV. YSX Listing Date (20-1-2017)

V. Digital Transformation Journey

- Digital Bank

- Infrastructure/Net work

- Hardware

- Software

- Problems

VI. From Sustained Development to

Dynamic Growth

- New Approach-Technology-Key to Growth

- Partnership with Foreign Bank

5

Capacity Building

-Human Resources Perspective

-Active Contribution of Directors

-Shareholder Perspective

(VII) Conclusion

- Resolution

- Equity Participation by foreigners

financial institutions and bank(s)

up to 50%

6

(1) {&m0wDwdkif;? rtlyifNrdKU? bPfcGJ(31) zGifhvSpfjcif; (16-12-2018)

trSwf-35? atmifaZ,svrf;? (4)&yfuGuf? rtlyifNrdKU/

7

(2) u&ifjynfe,f? jr0wDNrdKU? bPfcGJ(33) zGifhvSpfjcif;

(17-2-2019)

8

trSwf-126? (4)&yfuGuf? bk&ifhaemifvrf;rBuD;? jr0wDNrdKU/

(3) rauG;wdkif;? yckuúLNrdKUe,f? NrdKifNrdKU? bPfcGJ(34) zGifhvSpfjcif;

(27-3-2019)

yckuúLvrf;rBuD;? trSwf(2) &yfuGuf? NrdKifNrdKU/

9

ppfukdif;wdkif;? a&TbdkNrdKU

aqmufvkyfNyD;pD;rSKtajctae

10

csif;jynfe,f? rif;wyfNrdKU

aqmufvkyfNyD;pD;rSKtajctae

11

csif;jynfe,f? rif;wyfNrdKU? aqmufvkyfNyD;pD;rSKtajctae 12

ppfudkif;wdkif;? bkwvifNrdKUe,f? bkwvifNrdKU? aqmufvkyfNyD;pD;rSKtajctae

13

ukrÜPDtrsdK;tpm; trsm;eSifhoufqdkifaomukrÜPD

ukrÜPDrSwfyHkwifvufrSwf trSwf-223?1991^1992

ukrÜPDrSwfyHkwifcGifhjyKonfhaehpGJ 9-9-1991

vkkyfief;pwifaqmif&GufcGifhvufrSwfcGifhjyKonfhaehpGJ 5-5-1992

ul;oef;a&mif;0,fa&;bPfvdkifpif&onfhaeUpGJ 25-5-1992

vdkifpiftrSwf rAb^yD-1^(5)1992

&if;ESD;jrKyfeSHrSkeSifhzGHUNzdK;a&;bPfvdkifpif&onfhaeU 10-11-1993

edkifiHjcm;bPfvkyfief;vdkifpif(ADL) 2-10-2012

vdkifpiftrSwf rAb – bPfppf -48?1

cGifhjyKrwnfaiG&if; usyf-100000,000,000^-

14

II. FY 2018-2019 Performance

- Financial Performance Highlights

15

Profitability

0

2,000

4,000

6,000

8,000

10,000

Ky

ats

in

Mil

lio

n

Net Profit(Before tax) 7,801.09 7,744.57

Net Profit(After Tax) 6240.87 6195.66

2017-2018 2018-2019

HIGHLIGHTS

Financial Performance Highlights

(Fiscal Year)

16

HIGHLIGHTS

Financial Performance Highlights

(Fiscal Year)

Lending Performance

0

30,000

60,000

90,000

120,000

150,000

180,000

210,000

Ky

ats

in

Mil

lio

n

Non Performance

Loan(NPL)

5,984.47 10,636.42

NPL Coverage 3,512.04 3,608.43

Deposit Growth 185,157.78 205,519.35

Loan Growth 175,601.92 179,397.79

2017-2018 2018-2019

17

HIGHLIGHTS

Financial Performance Highlights

(Fiscal Year)

Key Ratios

0%

5%

10%

15%

20%

25%

30%

35%P

erce

nta

ge

Capital Adequancy Ratio 23.42% 24.41%

Liquidity Ratio 23.12% 33.85%

Cost to Income Ratio 25.65% 32.15%

Net Interest Margin(Loan +

TB+Deposit Auction)

3.89% 4.06%

Rerurn on Equity(Before tax) 31.56% 31.33%

Return on Equity(After tax) 25.25% 25.06%

2017-2018 2018-2019

18

HIGHLIGHTS

Financial Performance Highlights

(Fiscal Year)

Share Information

0

3,000

6,000

9,000

12,000

15,000

18,000

21,000

24,000

27,000

Ky

ats

Share Price 27,000 26,000

Earning Per Share 2,525 2,506

Book Value Per Share 23,732 25,286

Fair Value 34,219 31,728

2017-2018 2018-2019

19

III. Sustained Development

Review of 28 years Achievement

(1992-1993) – (2018-2019)

- Growth Indicators

- Capital (1993-2019)

- Human Resources

- Assets (1993-2019)

- Real Estate(Land/Buildings)

- No of Branches

- Deposits

- Loans

- NPL (Non Performing Loan)

20

Capital Growth Indicator

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

80,000

90,000

19

93

20

03

20

13

20

18

-20

19

(Oct.

-Sept.

)

Ky

ats

In

Mil

lio

n

Tier-1 Tier-2 Total (Tier1+Tier2)

Tier-2

Total(Tier-1+Tier-2)

Tier-1

1993 2003 2013

2018-2019

(Oct.-Sept.)

Tier-1 70.77 1,196.77 26,265.35 58,790.10

Tier-2 0.83 2,010.9 20,035.58 19,643.05

Total (Tier-1+Tier-2) 71.60 3,207.67 46,300.93 78,433.15

78

,43

3.1

5

19

,64

3.0

5

58

,79

0.1

0

21

0

100

200

300

400

500

600

700

Number of Branches 1 15 21 35

Human Resources 70 459 557 644

1993 2003 2013

2018-2019

(Oct.-Sept.)

Human

Resources

Number of

Branches

644

35

Number of Branches & Human Resources

Growth Indicator

22

Existing Human Resources

- Director Level (Education & Experience)

- Ph.D (2)nos

- M.B.B.S (2)nos

- M.B.A (1)nos

- B.Sc/B.A/R.L/B.E (7)nos

Total (12)nos

- Senior Management Level

- M.Com (1)nos

- B.Sc,R.L/B.Sc Q2 F1 (2)nos

- B.Com/M.B.F (2)nos

- B.Econ/M.B.F (2)nos

Total (7)nos

23

-Branch Manager Level

- B.Com/B.Econ ( 4 )nos

- B.Sc/B.Sc (Q)/B.A (26 )nos

- B.Ag/LLB ( 2 )nos

Total (32)nos

-Other Ranks Level

- M.Sc/M.A ( 3 )nos

- B.com/B.Econ (80 )nos

- B.C.Sc (15 )nos

- B.Sc/B.A/(Q)/LCCI Level 2,3 (359)nos

- Securitiy and Cleaner (150)nos

Total (598)nos

- Grand Total of Bank’s Staff (644)nos

-Total number of Bank’s staff shareholders-( 369 )nos/ 12464 share 0.50%

24

Staff Salary Expenses

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Ky

ats

in

Mil

lio

n

Salary Expenses

(Kyats in Million)

0.50 345.44 4,719.80 15,172.57

1993 2003 2013 2018-19

25

Fixed Assets Growth Indicator

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Ky

ats

In

Mil

lio

n

Total Assets

(Kyats in Million)

4.04 530.41 3,441.71 12,713.13

1993 2003 20132018-2019

(Oct.-Sept.)

26

Summary of FPB(Land & Building)

(30-9-2019)

1. Number of Branches - (35) Branches

2. Owned by FPB - (32) Branches

3. Rented - (3) Branches

4. Owned by FPB - (3) Branches

(Under Construction)

5. FPB Owned Land and Building - (5) Nos

6. Owned by Auction - (5) Nos

27

Sr. Branch Name

Status (30-9-2019) Revaluation

Increase (+)/

Decrease(-)

Profitable

(30-9-2019)

(Gross Basic)

Loosing

(30-9-2019)

(Gross Basic)

1. Head Office 2084.51 - 5629.42

2. Nay Pyi Taw(Head Office) 726.25 - 703.78

3. Bayintnaung - (266.09) 1205.31

4. Mandalay 280.00 - 792.98

5. Monywa 711.82 - 403

6. Theingyizay(Rented) - (385.89) 0

7. Pyi 1.55 - 444.17

8. Hinthada - (229.53) 209.8

9. Kyaukpadaung 1283.25 - 543.91

10. Pakokku 431.27 - 494.94

11. Magway 1192.21 - 952.2

12. Dawei - (374.75) 615.6

13. Myeik 156.94 - 670.65

14. Latha (Rented) - (468.40) 0

15. Kawthaung - (148.49 227.51

16. Aungban 305.46 - 313.36

17. Ahlon - (103.04) 513.38

Kyats in million

28

Sr. Branch Name

Status (30-9-2019) Revaluation

Increase (+)/

Decrease(-) Profitable

(30-9-2019)

(Gross Basic)

Loosing

(30-9-2019)

(Gross Basic)

18. Mawlamying 384.89 - 274.09

19. Kalay 561.47 - 270.3

20. Taunggyi 498.57 - (30.72)

21. Loikaw 178.22 - 478.43

22. Thiriyadanar 24.06 - 252.22

23. Mandalay St.(30)(Rented) 77.71 - 0

24. Hpa-an 72.08 - 274.01

25. Gangaw 547.68 - (28.60)

26. Monywa(25) 27.85 - 116.06

27. Budalin (Rented) - (66.88) (19.23)

28. Minhla - (49.35) (0.17)

29. Pathein 100.88 - 37.75

30. Kanma 25.43 - 79.17

31. Tedim - (40.02) 86.32

32. Maubin - (33.73) (80.74)

33. Myitkyinar - (114.54) 114.63

Kyats in million

29

Sr. Branch Name

Status (30-9-2019)

Revaluation

Increase (+)/

Decrease(-)

Profitable

(30-9-2019)

(Gross Basic)

Loosing

(30-9-2019)

(Gross Basic)

34. Myawaddy - (35.19) (495.23)

35. Myaing - (22.99) 64.7

36. AKK - (65.28) 0

Total Gross Profit 7744.57

Under Construction

36. Butalin 0

37. Shwe Bo (34.60)

38. Mindat (68.31)

Owned by FPB

39. Poppa (Bungalo) 475.45 40. Naypyitaw (Land) 80 41. Myawaddy (Land) 7.13 42. Myaing (Land) 0 43. Pyi (Nawaday Land) 97.9

Auction

44. Pyi (Daw Phyu Phyu Win) 34.65 45. Kyaukpadaung (U Bo Gyoke) 29.17 46. Kawthaung (U Tun Tun) 107.11 47. Kawthaung (U En Bee) 35.98 48. Lashio 46.46

Total 15923.94

Kyats in million

30

Total Deposit

0

50,000

100,000

150,000

200,000

250,000

Ky

ats

in

Millio

n

Total Deposit 119.27 4,879.26 91,369.95 205,519.35

1993 2003 2013 2018-2019

(205,519.35)

(91,369.95)

(4,879.26)

(119,27)

31

Total Loans

0

50,000

100,000

150,000

200,000

Ky

ats

in M

illio

n

Total Loans (Loan &

O/D)

93.51 3,333.89 76,830.23 179,397.79

1993 2003 2013 2018-2019

(179,397.79)

(76,830.23)

(3,333.89) (93.51)

32

-

2,000.00

4,000.00

6,000.00

8,000.00

10,000.00

12,000.00

31.3

.201

0

31.3

.201

1

31.3

.201

2

31.3

.201

3

31-3

-201

4

31-3

-201

5

31-3

-201

6

31-3

-201

7

31-3

-201

8

30-9

-201

9

Ky

at

in M

illio

n

Reserve for Bad debt Non-Performing Loan

Non-Performing Loan

Reserve for Bad debt

33 Non-Performing Loan Coverage

Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sept.

Reserve for 623.62 816.95 1,084.01 1,536.60 2,006.79 2,423.00 2,862.06 3,158.96 3,512.04 3,608.43

Bad debt amount

Non-Performing 0 0 0 33.31 37.21 41.11 0 0 5,984.47 10,636.42

Loan amount

NPL Ratio (%) 0.00% 0.00% 0.00% 0.04% 0.04% 0.03% 0.00% 0.00% 3.41% 5.93%

- Financial Products

- Authorized Dealer Licence(24-8-2012)

- Mobile Banking

- Profit/Taxes/Dividends

34

My Kyat Mobile Payment Services

Cash In

Cash Out (Withdraw)

Sent Money (Remittance)

Cash Out (Remittance)

Airtime/ Phone Top Up

Salary Disbursement

Direct Purchase

Meter Bill/ Land Line Bill

Ticketing

Hotel Booking

35

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Number of Business 39 51 51 68

Number Agent 120 285 879 1270

2016 2017 2018 2019

Number of Agent

Number of

Business

1270

68

Mobile Banking

(Number of Business/Agents)

36

0

20,000

40,000

60,000

Number of Consumer 12,866 14,744 62,988 64,118

2016 2017 2018 2019

Mobile Banking

(Number of Consumers)

37

0

20

40

60

80

100

120

140

Ky

ats

in

La

kh

Income 32.55 36.79 55.25 136.40

2016 2017 2018 2019

Mobile Banking(Income) 38

Profits/ Taxes/ Dividend

0

9,000

18,000

27,000

36,000

45,000

54,000

63,000

72,000

81,000

Ky

ats

in

Millio

n

Profits 12.88 1,276.97 31,400.63 84,137.51

Taxes 4.05 393.64 9,126.01 21,377.06

Dividend 6.17 511.94 14,346.94 43,145.29

Bonus 0.19 57.79 518.00 1,110.26

1993 2003 2013 2018

39

Dividend

Taxes

Profits

Bonus

Yangon Stock Exchange

YSX listing date 20-1-2017

Value per share(Base Price) Ks 39,000

Share price(Opening date ) Ks 34,000

Share price (30-9-2019) Ks26,000 Ks 64.27 bill (Market Value)

Book value per share (30-9-2019) Ks 25,286 Ks 62.51 bill (Book Value)

Fair value per share (30-9-2019) Ks 31,728 Ks 78.43 bill (Fair Value)

40

V. Digital Transformation Journey

Digital Bank

Infrastructure/Net work

- Hardware

- Software

- Problems

41

Particular Financial

Year

USD(Paid) MMK(Paid)

Hardware 609,813 749,763,350

- Data Center & Trunking 2017-2018 45,430 59,738,236

- Nex4(Buy Infrastructure) 2017-2018 513,769 618,329,851

- ATG System(Network Connectivity) 2017-2018 10,893 14,553,048

- 13 Branches Network Trunking 2018-2019 39,721 57,142,215

(Fibre -8-branches, Microwave-5 branches)

Software 1,324,899 1,819,856,123

- Initial Licence Fees(One Time Cost) 2016-2017 610,000 828,005,073

- Recurring Licence Fees 2018-2019 315,953 449,418,712

- Implementation Fees 2018-2019 391,050 530,674,888

- CBS(Software) SAP(Admin 10

Users)

2017-2018 6,396 9,516,450

- DC Design Drawing 2017-2018 1,500 2,241,000

Total (Hardware + Software) 1,934,712 2,569,619,474

42

VI. From Sustained Development to

Dynamic Growth

- New Approach-Technology-Key to Growth

- Partnership with Foreign Bank

- Human Resources Perspective

- Active Contribution of Directors

- Shareholder Perspective

43

- Human Resources Perspective

-Training of staff in digital capability and skills

- Lack of motivation

- Insufficient education

- Need to upgrade computer/IT skills

- Active contribution of Directors

- Needs qualified directors

- Personal interest VS bank contribution

44

- Shareholder perspective

- Profit consideration VS long-term investment

- Role of shareholders

- Active participation

- Active support

- From shareholder value to stakeholder value

45

(VII) Conclusion

- Resolution

- Equity Participation by foreigners

financial institutions and bank(s)

up to 50%

46

(24-11-2013)aeU(8)Mudrfajrmuftxl;tpnf;ta0;qHk;jzwfcsuf

• txl;tpnf;ta0;qHk;jzwfcsuf(2)

oif;zGJUpnf;rsOf;(5)- yk*¾dKvfwpfOD;(odkUr[kwf)tzGJUtpnf;wpfckonf 'g&dkufwm

tzGJU\oabmwl cGifhjyKcsufjzifhrwnfaiG&if;\trsm;qHk; (50)&mcdkifESkef; xdtpk&S,f,mrsm;

0,f,lEdkifonf/

Each person or organization with the approval of Board of Directors of the First Private Bank may buy shares up to a maximum of Fifty percent of authorized Capital.

• txl;tpnf;ta0;qHk;jzwfcsuf(3)

tjynfjynfqdkif&m aiGa&;aMu;a&;tzGJUtpnf;?EdkifiHjcm;bPfrsm;ESifhtusdK;wl

yl;aygif;aqmif&Guf&efoabmwlygonf/

47

(17-10-2019)aeU 'g&dkufwmtzGJU\(10^2019)Mudrfajrmuftpnf;ta0; qHk;jzwfcsuf

• (u) cGifhjyKrwnf aiG&if;\ 35% xd EdkifiHjcm;bPf ESifhtusdK;wl&if;ESD;jrSyfESHrI

( Joint Venture) jyKvkyf&ef/

• (c) &efukefpawmUtdyfcsdef;wGif xkwfa0jyD;aom tpk&S,f,m\ 35% udk

EdkifiHjcm;om;rsm; tm;a&mif;cscGifhjyK&ef/

48

The Central Bank of Myanmar

• “ From the 1st of January 2020, foreign bank

Ownership into a Myanmar domestic bank

exceeding 35% of the capital of the domestic

bank may be permitted on case by case basis”.

Source: Announcement

New round of Foreign Bank licensing in the Republic

of Myanmar(7th November 2019)

49

qHkk;jzwfcsuf ay;&ef

• (24-11-2013)aeYwGif usif;ycJUaom (8)Mudrfajrmuf txl;

tpnf;ta0;qHk;jzwfcsuf(2)ESifh(3)jzpfaom oif;zGJUpnf;rsOf;tydk'f(5)

ESifh jrefrmEdkifiHawmfA[dkbPf\ ajunmcsuf (7-11-2019) t&

yxryk*¾vdubPf cGifhjyKrwnfaiG&if;\ig;q,f&mcdkifESkef; (50%)

xdEdkifiHjcm;bPf? jynfyaiGa&;aMu;a&;tzGJUtpnf;ESifh EdkifiHjcm;om;

rsm;ukd 'g&dkufwmtzGJUrSoifhawmfovdktusdK;wl&if;ESD;jrSyfESHcGifhjyK&ef/

50

Resolution

• In accordance with the Section( 5 )of the Articles of

Association and Special resolutions( 2 ) and ( 3 )of Eight

Extraordinary Meeting (Special Meeting) held on 24/11/2013

and the Central Bank of Myanmar Announcement(7/11/2019)-

It is resolved to allow equity participation(Joint Venture )

to foreign banks ,financial institutions ,and foreigners up to

Fifty percent (50%) of authorized capital of the bank at the

discretion of the Board of Directors.

51

udk,fpdwfESpfjzmusef;rm csrf;omMuygap/

ormtmZD0enf;jzifh

pD;yGm;Opömrsm; wdk;wufMuygap/

aus;Zl;wifygonf/

52