Gulf Bank K.s.c. · KSE:GBK
Gulf Bank K.s.c — Gulf Bank — H1 2022 Earnings Presentation
11 slides from Gulf Bank K.s.c's earnings presentation, Aug 4, 2022
Slide 1: Gulf Bank Earnings Presentation 1st Half 2022
Gulf Bank Earnings Presentation 1st Half 2022 4th August 2022 [GBK Classification: PUBLIC]
Slide 2: 1st Half 2022 Key Highlights
1st Half 2022 Key Highlights 1 Net Profit 2 Return on Equity 3 Gross Customer Loans +83% 30.3 +3.9% +13% 9.1% KD millions KD millions 16.5 5.2% 4,565 5,164 H1 2021 H1 2022 H1 2021 H1 2022 30-Jun-21 30-Jun-22 4 Asset Quality 5 Capital Ratios 6 Credit Ratings Tier 1 % CAR % Credit Rating Outlook 443%
Slide 3: 1st Half 2022 Net Profit vs. 1st Half 2021 Net Profit Evolution
1st Half 2022 Net Profit vs. 1st Half 2021 Net Profit Evolution ROE 5.2% -0.8% +0.3% +0.2% +4.4% -0.2% 9.1% ( 0.7 ) 13.5 KD Million 1.7 ( 1.1 ) 0.4 30.3 16.5 Net Profit Net Interest Income Non Interest income Operating Expenses Total Provisions Taxes/ Other Net Profit H1 2021 H1 2022 3 [GBK Classifi
Slide 4: Income Statement
Income Statement Q1 Q2 Q3 Q4 Q1 Q2 Q2 22A vs Q1 22A H1 H1 H1 22A vs H1 21A KD Millions 2021A 2021A 2021A 2021A 2022A 2022A Amt % 2021A 2022A Amt % 1 Interest Income 45.3 46.0 46.7 48.0 46.7 52.5 5.9 13% 91.2 99.2 8.0 9% 2 Interest Expense (12.6) (13.3) (13.5) (14.3) (14.4) (19.1) (4.6) -32% (25.9) (
Slide 5: Balance Sheet
Balance Sheet Var June 22 vs June 21 Var June 22 vs Dec 21 KD Millions 30-Jun-21 % of Total 31-Dec-21 % of Total 30-Jun-22 % of Total Amount % Amount % ASSETS 1 Cash and cash equivalents 1,101 17% 942 15% 1,028 16% -73 -7% 85 9% 2 Kuwait Government Bonds 91 1% 74 1% 48 1% -43 -47% -26 -35% 3 CBK Bil
Slide 6: Total Credit Provisions exceed IFRS accounting requirements by KD 114 million
Total Credit Provisions exceed IFRS 9 accounting requirements by KD 114 million Total Provisions on Credit Facilities Gross Loans by Stages %(1) 400 30-Jun-21 30-Jun-22 5.6% 1.5% 4.7% 1.1% Stage 1 298 304 KD KD Stage 2 300 4.80 5.47 bn bn 114 Stage 3 107 92.9% 94.2% KD Million 200 Evolution of Gross
Slide 7: Capital and Leverage Ratios
Capital and Leverage Ratios Tier I Capital(1)(3) Risk Weighted Assets 1,000 18% 6,000 14.3% 16% 5,202 13.0% 5,000 4,674 800 14% Minimum 12% 10.5% 4,000 600 +11% 668 +2% 678 10% 3,000 8% 400 6% 2,000 KD Million KD Million % of RWA 200 4% 1,000 2% - 0% - 30-Jun-21 30-Jun-22 30-Jun-21 30-Jun-22 Tier 1
Slide 8: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio(1) Net Stable Funding Ratio(1) 400% 150% 300% 109% 104% 267% 258% 100% Minimum 90% 200% 50% 100% Minimum 90% 0% 0% Q2 2021 Q2 2022 30-Jun-21 30-Jun-22 (1) Liquidity Coverage Ratio and Net Stable Funding Ratio regulatory minimums have been partially restored
Slide 9: Q&A
Q&A Gulf Bank Investor Relations Team Tel : +965 2244-9501 Fax : +965 2243-7872 P.O. Box 3200, Safat, 13032 Kuwait Investor.relations@gulfbank.com.kw 9 [GBK Classification: PUBLIC]
Slide 10: 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 PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 11: Thank You
THANK YOU [GBK Classification: PUBLIC]