GFH Bank B.S.C. · BAHRAIN:GFH
GFH Bank B.S.C — GFH Financial Group — 9M 2019 Earnings Presentation
9 slides from GFH Bank B.S.C's earnings presentation, Nov 14, 2019
Slide 1: 9M/3Q 2019 Financial Performance
GFH Financial Group 9M/3Q 2019 Financial Performance Presentation to Investors and Analysts 14 November 2019
Slide 2: Importance Notice and Forward-Looking Statements
Importance Notice and Forward-Looking Statements Important notice The information set out in this presentation and subsequent webcast does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financi
Slide 3: Highlights of Financial Performance
Highlights of Financial Performance Net profit to shareholders Shareholders profit of USD 24.4m for Q3 2019 (decrease of 21% 40.0 36.0 36.5 30.9 compared to Q3 2018) and USD 73.6m for 9M 2019 (decrease of 29% 35.0 27.8 30.0 24.4 compared to 9M 2018) USD millions 25.0 21.4 20.0 15.0 10.6 Consolidated
Slide 4: Highlights of Financial Performance
Highlights of Financial Performance Return on Assets Consolidated operating expenses for 9M 2019 of USD 70.2m was 1.43% marginally lower than 9M 2018 expenses of USD 71m 1.60% 1.40% 1.20% 0.89% 0.78% Finance expenses for 9M 2019 of USD 84.7m was 241% higher than 1.00% 0.75% comparative period due to
Slide 5: Income statement
Income statement USD m 9M 2019 Q3 2019 H1 2019 9M 2018 Investment banking 79.0 35.6 43.4 33.4 Commercial Banking 52.4 14.5 37.9 39.4 Proprietary and co-investment 41.4 1.4 40.0 53.9 Real Estate Income 19.9 5.1 14.8 7.0 Treasury and Other income 61.3 33.9 27.4 71.6 Total income 254.0 90.5 163.5 205.3
Slide 6: Income statement
Income statement Total Revenues 100.0 92.9 90.5 • Increase in total operating income primarily driven by the 90.0 contribution from Investment banking, Treasury, and Real estate 80.0 70.6 71.2 69.1 business line 70.0 65.0 58.4 USD millions 60.0 • Increase in the finance expenses by 241.5% due to the
Slide 7: Statement of financial position
Statement of financial position USD m Sep 2019 Jun 2019 Mar 2019 YE 2018 9M 2018 Cash and bank balances 401.9 369.6 541.9 341.6 277.0 Treasury portfolio 1,655.8 1,682.4 1,477.2 818.0 534.7 Financing assets 1,316.7 1,300.2 1,272.6 1,208.9 1,177.5 Real estate investment 1,815.8 1,821.4 1,824.9 1,840.0
Slide 8: Statement of financial position
Statement of financial position Asset distribution 8% • Asset distribution has remained constant during the year 2019 7% with liquid assets dominating the mix along with real estate assets 34% • Total assets have increased by 23% during 2019 primarily from inflow of funds received for money market f
Slide 9: Thank you Q&A
Thank you Q&A 9 | Financial Performance – 9M/Q3 2019