National Bank Of Fujairah · ADX:NBF
National Bank Of Fujairah — Investor Presentation (December 2023)
26 slides from National Bank Of Fujairah's investor presentation, December 2023
Slide 1: Investor Presentation for the Period Ended 31 December 2023
PRESENTATION TITLE GOES HERE TITLE CAN EXTEND UP TO HERE Your project title goes here DD/MM/YYY The date comes here Investor Presentation For the Period Ended 31 December 2023
Slide 2: Disclaimer
DISCLAIMER The information contained herein has been prepared by National Bank of Fujairah PJSC (NBF). NBF relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This presentation has been prepared for informational purposes only and
Slide 3: Overview of NBF
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Slide 4: Overview of National Bank of Fujairah
OVERVIEW OF NATIONAL BANK OF FUJAIRAH National Bank of Fujairah PJSC Overview Financial Highlights ▪ National Bank of Fujairah PJSC ("NBF“ or the “Bank") was AED Mn FY2020 FY2021 FY2022 FY2023 established in Fujairah, UAE in 1982 by a decree issued by the Ruler of Fujairah, H.H. Sheikh Hamad bin Moh
Slide 5: External Recognition & Awards
EXTERNAL RECOGNITION & AWARDS ▪ Best Commercial Bank UAE - MEA Finance Industry Awards 2023 ▪ Best SME Bank - MEA Finance Industry Awards 2023 ▪ Best Trade Finance Provider - MEA Finance Industry Awards 2023 ▪ Best Change Management Initiative - CIPD Middle East People Awards 2023 ▪ Most Innovative
Slide 6: Environmental, Social and Governance (ESG)
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) OUR SUSTAINABILITY PILLARS KEY UPDATES 2023 ESG Update Board Risk and Sustainability Committee to provide oversight and governance to the implementation of NBF’s Sustainability strategy. NBF was a part of the UAE Banks Federation’s pledge of AED 1 trillion
Slide 7: Key Financials at a Glance
KEY FINANCIALS AT A GLANCE Assets Loans & Advances Customer Deposits AED Billion AED Billion AED Billion 51.7 27.9 38.6 27.1 26.9 47.6 25.6 35.7 42.8 42.9 24.8 31.9 32.2 39.9 29.8 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Shareholders’ Equity Operating Income Net Pro
Slide 8: Key Performance Indicators at a Glance
KEY PERFORMANCE INDICATORS AT A GLANCE ROAA ROAE Cost to Income Ratio 1.3% 1.5% 35.4% 33.7% 33.0% 31.9% 11.7% 30.6% 0.8% 9.6% 5.9% 0.3% 2.0% -7.9% -1.1% 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 Non-Funding Income to Total Pure AD CASA Mix Income 47.9% 84.8% 45.3% 83
Slide 9: Operating Performance
OPERATING PERFORMANCE Key Highlights Operating Income Composition ▪ NBF recorded year-on-year growth of 113.0% to close the AED Million year at a record net profit of AED 725.1 million compared to Funding Income Non Funding Income AED 340.4 million in 2022. This exhibits the high level of resilience
Slide 10: Assets Composition
ASSETS COMPOSITION Breakdown of Assets by Geographical Key Highlights Assets and Advances Distribution ▪ Total assets increased by 8.6% to reach AED 51.7 billion AED Million Total Assets Advances 31 December 2023 compared to AED 47.6 billion at 2022 year-end. 51,720 ▪ Loans and advances grew by 3.7%
Slide 11: Investment and Islamic Instruments
INVESTMENT AND ISLAMIC INSTRUMENTS Investments and Islamic Instruments by Ratings* Investments and Islamic Instruments 31 December 2023 0.9% AED Billion 8.6% 12.5% 8.1 11.9% 6.3 25.5% 5.2 4.4 3.9% 3.4 23.0% 13.7% AAA AA AA- A+ A A- BBB+ Below BBB+ / Unrated 2019 2020 2021 2022 2023 Investments and I
Slide 12: Asset Quality
ASSET QUALITY Key Highlights Non-Performing Loans & NPL Ratio NBF’s asset quality indicators continue to reflect an improving trend. AED Million NBF’s strengthening and management of credit underwriting standards 4,000 14.0% and risk appetite to reflect the dynamic operating environment, 3,500 12.0%
Slide 13: Liquidity Position
LIQUIDITY POSITION Key Highlights Liquid Assets ▪ Given the liquidity in the market, NBF continues to AED Million maintain robust liquidity levels and maintains prudent and Cash and balances with the UAE Central Bank Due from banks and financial institutions* high quality of liquidity commensurate t
Slide 14: Funding Profile
FUNDING PROFILE Funding Mix Customer Deposits 31 December 2023 AED Million Demand and margin Savings Fixed term and notice Total 12.7% 7.0% Due to banks 38,572 4.6% 35,736 Customer deposits and Islamic 31,950 32,199 1.1% customer deposits 29,766 Term borrowings 16,786 19,563 22,670 22,274 18,459 851
Slide 15: Strong Capitalisation
STRONG CAPITALISATION Key Highlights Equity Breakdown Capital Base NBF is well capitalized with a Capital Adequacy Ratio and AED Million AED Million Total Tier 1 Ratio of 19.0% and 17.8% respectively, as at 31 Share Capital Reserves December 2023, well above the minimum regulatory Total CET1 Additio
Slide 16: NBF's Core Performance and Outlook
NBF’S CORE PERFORMANCE AND OUTLOOK Key Metrics 2022 2023 Outlook Return on Average Equity 5.9% 11.7% 2023 was a record year for NBF. Despite the ongoing challenges and uncertainty presented by heightened global geopolitical risks, economic Profit Return on Average Assets 0.8% 1.5% headwinds with ele
Slide 17: Business Overview
02 BUSINESS OVERVIEW 1/25/2024
Slide 18: Overview of Business Segments
OVERVIEW OF BUSINESS SEGMENTS NBF offers a full range of products through five main business divisions Corporate ▪ NBF's largest segment in terms of assets, liabilities and income. Contribution to Assets and ▪ Services include deposit facilities, credit/trade finance and ancillary services to large
Slide 19: Corporate and Institutional Banking
CORPORATE AND INSTITUTIONAL BANKING Overview Gross Loans – Sector Breakdown 31 December 2023 Banking & Financial ▪ The Bank’s CIB operations are split into three ▪ The principal CIB products and services offered by Institutions main sub-divisions: the Bank include: Construction & real estate 1. Tran
Slide 20: Business Banking
BUSINESS BANKING Overview Gross Loans – Sector Breakdown ▪ The Business Banking structure comprises of 31 December 2023 Banking & Financial 0.0% Institutions ▪ Business Banking ▪ SMEs 0.7% 8.6% Construction & real estate 4.8% 0.5% ▪ Services 0.0% 40.1% Electricity, gas & water ▪ Equipment Finance 24
Slide 21: Retail Banking
RETAIL BANKING Overview Gross Loans – Product Mix ▪ NBF’s retail banking segment offers a wide ▪ The principal retail client products and services 31 December 2023 range of products and services to individuals offered by the Bank include: 1.1% 1.7% and high net worth clients. ▪ Account Services ▪ NB
Slide 22: Treasury, ALM and Other
TREASURY, ALM AND OTHER Overview Operating Income Mix ▪ Treasury and ALM ▪ Trading & Market Risk Solutions 31 December 2023 ▪ Centralizes and manages the Group's liquidity via an ▪ Provision of efficient & competitive FX Pricing -0.9% advanced ALM system. Solutions for NBF Clients through diverse ▪
Slide 23: Islamic Banking
ISLAMIC BANKING Overview Gross Loans – Sector Breakdown ▪ The principal Sharia’a-compliant retail products and services offered by the NBF Islamic include: 31 December 2023 Electricity, gas & water Account Services Corporate Advisory, Syndications, Treasury Banking & Financial ▪ Standard Current, Sa
Slide 24: Thank You
Thank you THANK YOU © 2024 National Bank of Fujairah. All rights reserved. The content herein has been prepared by National Bank of Fujairah PJSC (NBF). This is for your reading and reference only, it is prohibited without pre-approval of NBF to copy, share, or reproduce the content herein in any fo
Slide 25: Appendix
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Slide 26: IFRS 9 – Exposure and ECL Mix
IFRS 9 – EXPOSURE AND ECL MIX Overview ECL Mix ▪ The principal factors contributing to the movement are : (i) Movement in total outstanding balances [funded + unfunded + limits impact] (ii) Change in risk ratings (iii) Term structure of contracts 61.9% 63.0% 66.4% 63.5% 76.0% (iv) DPD changes and (v
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