National Bank Of Fujairah · ADX:NBF
National Bank Of Fujairah — FY2024 Earnings Presentation
35 slides from National Bank Of Fujairah's earnings presentation, 2025
Slide 1: Investor Presentation
INVESTOR PRESENTATION For the year ended 31st December 2024 Classified as: NBF Internal Use
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: Table of Contents
TABLE OF CONTENTS Content Page 1 National Bank of Fujairah Overview and Highlights 4 2 Digital Transformation Journey 8 3 Sustainability Initiatives 10 4 Community Engagement Activities 11 5 NBFs Outlook and Strategic Pillars 14 6 Financial Performance 16 7 Business Performance 26 Investor Presentat
Slide 4: NBF: An Overview
NBF AN OVERVIEW Investor Presentation 4 Classified as: NBF Internal Use
Slide 5: 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 established in AED Mn FY 2021 FY 2022 FY 2023 FY 2024 Fujairah, UAE in 1982 by a decree issued by the Ruler of Fujairah, H.H. Sheikh Hamad bin
Slide 6: Highlights of National Bank of Fujairah
HIGHLIGHTS OF NATIONAL BANK OF FUJAIRAH 1984 AED 2.43bn 855 EMPLOYEES OPERATING INCOME 84% EMPLOYEE ENGAGEMENT SCORE (2023: 2.28bn) 38 CUSTOMER NATIONALITIES AED 1.62bn 14 43,000 OPERATING PROFIT BRANCHES CUSTOMERS (2023: 1.58bn) 47% 42.7% 6 2 SUBSIDIARIES & REPRESENTATIVE OFFICES FEMALE WORKFORCE F
Slide 7: Digital Journey to Date
DIGITAL JOURNEY TO DATE In our digital journey, we We embarked on our made a quantum leap in Data Strategy to build Delivered compliance and many areas. These were not our data foundations risk related programs just limited to our Digital and enabled our Data “Enterprise Fraud Transformation, but we
Slide 8: Digital Journey Looking Ahead
DIGITAL JOURNEY LOOKING AHEAD Retail Mobile banking AANI Payments And Many More… Customer feedback is the source of truth to shape • NBF Edge will empower seamless digital Our Mobile Banking roadmap will continue to the future of NPSS Aani . NBF will continue to onboarding for our SME customers deli
Slide 9: Sustainability Progress and Next Steps
SUSTAINABILITY PROGRESS AND NEXT STEPS The UAE’s ambition to invest AED 600 billion in clean and renewable energy sources and commit to hitting net zero by 2050 OUR SUSTAINABILITY PILLARS KEY UPDATES 2024 Sustainability Update Prioritising Spearheading NBF has joined the UN Global Compact, a volunta
Slide 10: Community Presence and Customer Centric Campaigns: Awareness & Engagement
COMMUNITY PRESENCE AND CUSTOMER CENTRIC CAMPAIGNS Awareness & Engagement UBF Fraud Awareness Always-on AANI Payment Solution Investor Presentation 10 Classified as: NBF Internal Use
Slide 11: Community Presence and Customer Centric Campaigns: Brand Campaigns
COMMUNITY PRESENCE AND CUSTOMER CENTRIC CAMPAIGNS Brand Campaigns NBF Fujairah Run NBF ART Prize UAE National Day Career Fair Investor Presentation 11 Classified as: NBF Internal Use
Slide 12: Community Presence and Customer Centric Campaigns: Product Campaigns
COMMUNITY PRESENCE AND CUSTOMER CENTRIC CAMPAIGNS Product Campaigns Emerging Business CASA Business Banking Value Accounts Investor Presentation 12 Classified as: NBF Internal Use
Slide 13: Awards and Recognition
AWARDS AND RECOGNITION Diamond Industry Service Award Antwerp Banking Excellence in Customer & Employee World Diamond Centre Insights- MicroStrategy World Dubai Edition CIO1OO Investor Presentation 13 Classified as: NBF Internal Use
Slide 14: NBF's Outlook
NBF’S OUTLOOK NBF posted its second consecutive year of record results; achieving its best ever operating and net profit performance generated through strong balance sheet growth. These set of results clearly illustrates the underlying strength of the Group’s core activities, solid revenue growth, g
Slide 15: Strategic Pillars Supporting Our Vision
STRATEGIC PILLARS SUPPORTING OUR VISION Your financial partner focused on your business and personal needs. People Customer Efficiency and Governance and First Centricity Excellence Compliance Nurture a culture that Foster deep relationships Deliver superior Ensure strong optimizes people’s and leve
Slide 16: Financial Overview
FINANCIAL OVERVIEW Investor Presentation 16 Classified as: NBF Internal Use
Slide 17: Key Financials at a Glance
KEY FINANCIALS AT A GLANCE Assets Loans & Advances Customer Deposits AED Billion AED Billion AED Billion 32.4 45.8 60.9 51.7 38.6 27.9 35.7 47.6 26.9 32.2 42.9 24.8 25.6 29.8 39.9 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Shareholders’ Equity Operating Income Net Pro
Slide 18: Key Performance Indicators at a Glance
KEY PERFORMANCE INDICATORS AT A GLANCE Return on Average Assets Return on Average Equity Cost to Income Ratio 1.5% 1.5% 35.4% 33.7% 31.9% 33.3% 11.7% 12.7% 30.6% 0.8% 5.9% 0.3% 2.0% -1.1% -7.9% 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Advances to Deposit CASA Mix No
Slide 19: Operating Performance
OPERATING PERFORMANCE Key Highlights Operating Income Composition ▪ NBF recorded year-on-year growth of 28.9% to close the year at a net profit before tax AED Million of AED 934.8 million compared to AED 725.1 million in 2023. Further, NBF posted a Funding Income Non Funding Income record net profit
Slide 20: Assets Composition
ASSETS COMPOSITION Key Highlights Assets and Advances Breakdown of Assets by Geographical Distribution ▪ Total assets increased by 17.7% to reach AED 60.9 billion compared to AED Million Total Assets Advances 31 December 2024 AED 51.7 billion at 2023 year-end. 60,879 ▪ Loans and advances grew by 16.
Slide 21: Investment and Islamic Instruments
INVESTMENT AND ISLAMIC INSTRUMENTS Investments and Islamic Instruments by Ratings* Investments and Islamic Instruments 31 December 2024 1.4% AED Billion 7.8% 17.0% 9.4 8.1 24.3% 6.9% 6.3 5.2 4.4 8.5% 22.8% 11.3% AAA AA AA- A+ A A- BBB+ Below BBB+ / Unrated 2020 2021 2022 2023 2024 Investments and Is
Slide 22: Asset Quality
ASSET QUALITY Key Highlights Non-Performing Loans & NPL Ratio NBF continues to strengthen the credit underwriting standards and risk appetite to reflect the AED Million dynamic operating environment. 4,000 14.0% 3,500 ▪ Aggregate Stage 2 and Stage 3 Loans and Advances (including Acceptances) mix imp
Slide 23: Liquidity
LIQUIDITY Key Highlights Liquid Assets ▪ NBF continues to maintain robust and high quality of liquidity levels commensurate to its AED Million Cash and balances with the UAE Central Bank Due from banks and financial institutions* liquidity risk profile. 2022 2023 2024 1,430 Pure AD Ratio 75.3% 72.3%
Slide 24: Funding Profile
FUNDING PROFILE Funding Mix Customer Deposits 31 December 2024 AED Million Demand and margin Savings Fixed term and notice Total 11.3% 7.5% Due to banks 45,757 4.7% 38,572 Customer deposits and Islamic 35,736 1.3% 29,766 32,199 customer deposits 25,968 Term borrowings 19,563 22,670 16,786 18,459 589
Slide 25: Strong Capitalisation
STRONG CAPITALISATION Key Highlights Equity Breakdown Capital Base NBF is well capitalised with a Capital Adequacy Ratio and Total Tier 1 AED Million AED Million Ratio of 16.6% and 15.5% respectively, as at 31 December 2024, well Share Capital Reserves Retained Earnings Tier 1 Capital Notes Total CE
Slide 26: Business Overview
BUSINESS OVERVIEW Investor Presentation 26 Classified as: NBF Internal Use
Slide 27: Overview of Business Segments
OVERVIEW OF BUSINESS SEGMENTS NBF offers a full range of products through five main business divisions ▪ The Corporate and Institutional Banking serves clients of a turnover above AED 400 million and includes certain Contribution to Assets Corporate and financial institutions transactions. 31 Decemb
Slide 28: Corporate and Institutional Banking
CORPORATE AND INSTITUTIONAL BANKING Overview Gross Loans – Sector Breakdown ▪ The Bank’s CIB operations are split into three main ▪ The principal CIB products and services offered by the Bank 31 December 2024 Banking & Financial Institutions sub-divisions: include: 1. Transaction Banking 3. Corporat
Slide 29: Business Banking
BUSINESS BANKING Overview Gross Loans – Sector Breakdown ▪ The Business Banking structure comprises of 31 December 2024 ▪ Business Banking Banking & Financial 0.2% Institutions ▪ SMEs 5.5%0.1% Construction & real estate 11.3% ▪ Services 0.4% 0.0% Electricity, gas & water ▪ Equipment Finance 40.9% ▪
Slide 30: Retail Banking
RETAIL BANKING Overview Gross Loans – Product Mix ▪ NBF’s retail banking segment offers a wide range of ▪ The principal retail client products and services 31 December 2024 products and services to individuals and high net offered by the Bank include: worth clients. 1.0% 0.5% Credit Card ▪ The Retai
Slide 31: Treasury, ALM and Other
TREASURY, ALM AND OTHER Overview Operating Income Mix ▪ Treasury and ALM ▪ Trading & Market Risk Solutions 31 December 2024 ▪ Centralises and manages the Group's liquidity via an ▪ Provision of efficient & competitive FX Pricing 1.2% advanced ALM system. Solutions for NBF Clients through diverse cha
Slide 32: 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 2024 Account Services Electricity, gas & water ▪ Standard Current, Saving & Corporate Accounts Corporate Advisory, Syndications, Tre
Slide 33: Appendix
APPENDIX Investor Presentation 33 Classified as: NBF Internal Use
Slide 34: 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 63.0% 66.4% 63.5% 76.0% 71.9% (iv) DPD changes and (v
Slide 35: Thank You!
THANK YOU! © 2025 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 form. 35 Cl
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