Gulf Bank K.S.C. · KSE:GBK
Gulf Bank K.S.C — Gulf Bank — H1 2020 Earnings Presentation
9 slides from Gulf Bank K.S.C's earnings presentation, Aug 16, 2020
Slide 1: Gulf Bank Earnings Presentation 1st Half 2020
Gulf Bank Earnings Call Year End 2019 Gulf Bank Earnings Presentation 1st Half 2020 16 August 2020
Slide 2: H1'20 Net Profit vs. H1'19 Net Profit
H1’20 Net Profit vs. H1’19 Net Profit 30 25 24.0 20 (13.2) KD Million 15 (3.4) 6.5 (1.8) 2.0 (3.1) 11.8 0.8 10 5 0 Net Profit Net Interest Income Operating Expenses Fees/ Foreign Other Income Credit Costs (1) General Provisions Taxes/Others(2) Net Profit H1 2019 Exchange Income H1 2020 (1) Credit Co
Slide 3: Income Statement
Income Statement Q1 20A vs Q1 19A Q2 20A vs Q2 19A H1 20A vs H1 19A KD Millions Q1 2019A Q1 2020A Q2 2019A Q2 2020A H1 2019A H1 2020A Amt % Amt % Amt % 1 Interest Income 63.7 58.0 (5.7) -9% 64.4 55.2 (9.2) -14% 128.1 113.3 (14.9) -12% 2 Interest Expense (26.2) (29.1) (3.0) -11% (27.5) (22.8) 4.7 17%
Slide 4: Balance Sheet
Balance Sheet Var Jun 20 vs Jun 19 KD Millions 30-Jun-19 % of Total 30-Jun-20 % of Total Amount % ASSETS 1 Cash and cash equivalents 848 14% 812 13% -36 -4% 2 Kuwait Government Bonds 327 5% 166 3% -161 -49% 3 CBK Bills 284 5% 280 5% -4 -2% 4 Deposits with banks and OFIs 161 3% 56 1% -105 -65% 5 Liqu
Slide 5: Capital and Leverage Ratios
Capital and Leverage Ratios Tier I Capital(3) Risk Weighted Assets 6,000 13.1% 13.4% 15% 800 4,687 5,000 4,581 12% Minimum 600 9.5%(1) 4,000 601 630 9% 3,000 400 6% 2,000 KD Million KD Million % of RWA 200 3% 1,000 - 0% - 30-Jun-19 30-Jun-20 30-Jun-19 30-Jun-20 Tier 1 Capital Tier 1 % Total Capital(
Slide 6: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio Net Stable Funding Ratio 400% 150% 326% 112% 111% 300% 100% 206% Minimum 200% 80%(1) 50% 100% Minimum 80%(1) 0% 0% 30-Jun-19 30-Jun-20 30-Jun-19 30-Jun-20 (1) Liquidity Coverage Ratio and Net Stable Funding Ratio regulatory minimums have been changed from 10
Slide 7: Credit Ratings
Credit Ratings Rating Agency Criteria Rating Long-Term Deposits A3 Outlook Stable Long-Term Issuer Default Rating A+ Outlook Stable Issuer Credit Rating A- Outlook Negative Long-Term Foreign Currency A+ Outlook Stable 7
Slide 8: Q&A
Q&A Gulf Bank Investor Relations Team Tel : +965 22449501 Fax : +965 2243-7872 P.O. Box 3200, Safat, 13032 Kuwait Investor.relations@gulfbank.com.kw 8
Slide 9: 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