National Bank Of Bahrain Bsc · BAHRAIN:NBB
National Bank Of Bahrain Bsc — National Bank of Bahrain — Q1 2024 Earnings Presentation
23 slides from National Bank Of Bahrain Bsc's earnings presentation, Sep 17, 2024
Slide 1: Group Investor Presentation Q1 2024
National Bank of Bahrain Group Investor Presentation Q1 2024 1
Slide 2: Bahrain's Economic Performance
Bahrain’s Economic Performance 2
Slide 3: Bahrain's Economic Performance - FY2023
Bahrain’s Economic Performance - FY2023 GDP Growth (YoY)* Real GDP Growth Nominal GDP Growth Current account (% of GDP) 2.4% 2.7% 6.2% Top Growing Sectors (YoY) Hotels & Restaurants Financial Corporations Trade 8.0% 5.7% 5.3% Top Economic Indicators (YoY) Inbound Tourism Flows Value of Electronic Fu
Slide 4: Non-Financial Highlights
Non-Financial Highlights NBB &
Slide 5: Presence & Branches
Presence & Branches NBB Bahrain 28 Branches: NBB 20, BisB 8 Headquarters in Bahrain Established 1957 NBB UAE 2 Branches NBB KSA Abu Dhabi - Established 1982 1 Branch Dubai - Established 2022 Riyadh - Established 2007 5
Slide 6: Financial Performance
Financial Performance NBB &
Slide 7: Financial highlights
Financial highlights Double-digit growth Q1 Attributable Net Profit Net Interest Income (BHD millions) (BHD millions) 36.7 33.3 32.4 27.5 22.4 19.4 15% 23% 3% 10% Q1 2022 Q1 2023 Q1 2024 Q1 2022 Q1 2023 Q1 2024 7
Slide 8: Income statement
Income statement Positive operating and consolidated profit growth BHD millions Q1 2022 Q1 2023 Q1 2024 36.7 33.3 32.4 26.8 27.7 29.5 27.7 22.3 22.1 23.0 19.6 20.4 20.5 3% 10% 16.7 10.1 9% 20% 25% 6% 12% 20% 65% 17% 0.6 0.8 -0.9 -5.3 -2.6 -0.7 Net Interest Income Other Income Operating Expenses Oper
Slide 9: ECL coverage
ECL coverage Strong precautionary provision buffers built in previous years have been maintained in 2024 Cost of Risk Coverage Ratio Dec 2022 Dec 2023 Mar 2024 90.3% 87.5% 89.6% 0.64% 50.6% 0.39% 48.8% 48.5% 0.26% 16.8% 16.0% 13.1% 0.7% 0.6% 0.6% FY 2022 FY 2023 Q1 2024 Stage 1 Stage 2 Stage 3 Stage
Slide 10: Key ratios
Key ratios Strong and healthy profit metrics NIM ROE ROA 3.3% 3.2% 19.3% 2.1% 3.1% 1.7% 14.2% 12.6% 1.5% FY 2022 FY 2023 Q1 2024 FY 2022 FY 2023 Q1 2024 FY 2022 FY 2023 Q1 2024 10
Slide 11: Balance sheet highlights
Balance sheet highlights Diversified balance sheet and total assets exceeding BHD 5.0 billion Liabilities and Equity (BHD millions) Assets (BHD millions) Dec 2022 Dec 2023 Mar 2024 Dec 2022 Dec 2023 Mar 2024 5,372.5 5,229.2 4,785.3 3,504.8 3,330.2 3,374.3 2,559.0 2,494.9 2,535.1 1,406.3 1,241.4 1,15
Slide 12: Funding
Funding Funding migration in 2023 was driven by the changes in market rate environment Demand Deposits Time and Call Deposits (BHD millions) (BHD millions) 1,830.1 1,730.8 1,720.1 1,674.7 1,654.2 1,599.4 Dec 2022 Dec 2023 Mar 2024 Dec 2022 Dec 2023 Mar 2024 12
Slide 13: Balance sheet metrics
Balance sheet metrics Capital and liquidity positioned for growth NPL and Capital Dec 2022 Dec 2023 Mar 2024 LCR and NSFR Dec 2022 Dec 2023 Mar 2024 23.6% 23.3% 21.6% 398.3% 291.4% 287.6% 14.0% 12.5% 139.0% 137.1% 129.8% 3.8% 4.7% 4.8% 100% NPL Ratio CAR Average Daily LCR NSFR 12.5% represents the m
Slide 14: Sustainability Highlights
Sustainability Highlights 14
Slide 15: NBB's progress recognized by ESG rating agencies
Team NBB’s remarkable progress has earned the recognition of regional and global ESG rating agencies As of March 2024 1st 1st Amongst The Banking Services Sector in Bahrain Amongst The Banking Services Sector in Bahrain 1st 2nd Across All Sectors in MENA Across All Sectors in Bahrain 1st 3rd Amongst
Slide 16: Key highlights of NBB's sustainability journey: Customer Centricity
Key highlights of NBB’s sustainability journey Sustainability Pillar: Customer Centricity Retail Digital Banking 127% Digital Banking Transactions 90% of All New Accounts Were Opened Digitally 11.4%* Digitally Registered Retail Customers 178% “New To Bank” Customers Onboarded Digitally 7%* Total Dig
Slide 17: Key highlights of NBB's sustainability journey: Responsible Banking
Key highlights of NBB’s sustainability journey Sustainability Pillar: Responsible Banking Sustainable Finance 32.2% Mazaya Programme Growth figures are compared to Q1 2023 17
Slide 18: Key highlights of NBB's sustainability journey: Nurturing our Workforce
Key highlights of NBB’s sustainability journey Sustainability Pillar: Nurturing our Workforce Talent Attraction, Engagement and Retention Equal and Fair Opportunity 6,071 Total Training Hours 27.4% Representation of Women in Middle Management 7 Average Training Hours per Employee 9.3% Representation
Slide 19: Key highlights of NBB's sustainability journey: Community Investment
Key highlights of NBB’s sustainability journey Sustainability Pillar: Community Investment Community Investment BHD 321k 14 Donations & Contributions Hours Spent In Volunteering Activities To Engage With The Community 19
Slide 20: Key highlights of NBB's sustainability journey: Preserving Natural Resources
Key highlights of NBB’s sustainability journey Sustainability Pillar: Preserving Natural Resources Direct Environmental Footprint Climate Change Energy Consumption Was Maintained At Scope 1 and Scope 2 GHG Emissions Were The Same Level As March 2023 Maintained at The Same Level As March 2023 2% Wast
Slide 21: Key highlights of NBB's sustainability journey: Governance and Ethical Behavior
Key highlights of NBB’s sustainability journey Sustainability Pillar: Governance and Ethical Behavior Compliance and Ethical Behavior Published The Fourth Edition of The “Annual Financial And Sustainability Report” Disclosures Aligned With Compliance and Ethical Behavior 20% of Employees Completed A
Slide 22: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR OR AGENCY PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTAT
Slide 23: NBB Closer to you
NBB Closer to you
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