Habib Bank Limited · PSX:HBL
Habib Bank — Q1 2015 Earnings Presentation
10 slides from Habib Bank's earnings presentation, April 2015
Slide 1: Investor Presentation – Consolidated Accounts
|April 2015| Investor Presentation – Consolidated Accounts For the quarter ended March 31, 2015 0
Slide 2: Key Highlights – (1 of 3)
Key Highlights – (1 of 3) Consolidated PAT up 62.7%YoY Net Interest income has increased by 32.5%YoY to reach Rs. 19.2Bn Average Balance sheet growth of 16.9%. Overall NIM up by 60 bps as result of shift from T-bills to PIBs in 2014 and growth in Current Accounts. Non Markup Income increased by 43
Slide 3: Key Highlights – (2 of 3)
Key Highlights – (2 of 3) Provisions increase by Rs 255m to Rs. 0.6 bn NPLs essentially flat to Dec’ 14, consequently asset quality at 12.4% in Mar’15 Vs 12.0% in Dec’14 Main swing in provisions is due to a charge of Rs. 100 m on investments Vs a reversal of Rs. 122 m in Q1 2014. Coverage rati
Slide 4: Key Highlights – (3 of 3)
Key Highlights – (3 of 3) Deposit mix improving through 23% YoY growth in average Current Accounts Market share down from 14.8% in Dec 14 to 14.5%. Current Account to total deposits ratio improved from 34.2% in Dec’ 14 to 34.7% in Mar’15. Overall cost of deposits reduced by 79 bps from 4.59% in
Slide 5: Balance Sheet
Balance Sheet PKR bn Dec-14 Mar-15 %Chg Cash &Bank Balances 203 201 -0.8% Net Advances 595 569 -4.4% Lending to FIs 34 37 7.8% Investments 924 1,089 17.8% Fixed Assets 27 28 1.2% Other Assets 83 62 -25.1% Total Assets 1,867 1,986 6.4% Deposits 1,525 1,518 -0.4% -Domestic 1,256 1,268 1.0% -Internatio
Slide 6: Deposits
Deposits Market Share of Deposits Deposit By Type Actual PKR bn Dec-14 Mar-15 15.3% 15.1% 14.8% 14.5% Current Deposits 522 527 Saving Deposits 669 679 Term Deposits 334 312 2012 2013 2014 Q1 2015 Total Deposits 1,525 1,518 Deposit composition Deposit by Type 21.9% 20.6% 33.0% 26.7% Average Growth 43
Slide 7: Net Advances by Business
Net Advances by Business Actual Growth Mar-15 vs PKR bn Dec-14 Mar-15 Dec-14 Corporate 295 276 -6.7% Commercial 32 33 2.4% Consumer 22 22 2.0% Agri 25 24 -4.4% Retail 44 35 -20.2% Islamic 6 16 177.0% Others (including staff) 12 12 3.4% Domestic 436 418 -4.1% International 159 151 -5.0% Bank 595 569
Slide 8: Investments
Investments Dec-14 Mar-15 PKR bn HTM HFT AFS Total HTM HFT AFS Total Treasury Bills - 42 408 450 28 64 501 593 Pakistan Investment Bonds 76 6 223 304 76 2 223 300 GOP Guaranteed Bonds 2 - 51 53 2 - 62 64 Overseas Govt. Securities 19 1 3 23 19 1 1 22 Equity - - 17 17 - - 15 15 Associates and Joint Ve
Slide 9: Profit & Loss-Group
Profit & Loss-Group Variance PKR bn Q1-14 Q1-15 Vs Q1-14 Interest Earned 31.6 36.9 16.8% Interest Expensed 17.1 17.7 3.5% Net Interest Income 14.5 19.2 32.5% Non Interest Income 5.4 7.8 43.7% Total Revenue 19.9 27.0 35.5% Expenses 10.2 11.2 9.8% Operating Profit 9.7 15.8 62.6% Provisions 0.3 0.5 59.
Slide 10: Key Ratios
Key Ratios Balance Sheet Ratios Dec-14 Mar-15 Advances/Deposits 39.0% 37.5% Asset Quality 12.0% 12.4% Coverage 83.2% 83.5% CAR Unconsolidated 15.1% 15.5% Consolidated 16.2% 16.7% Financial Ratios Q1-14 Q4-14 Q1-15 Yield on Performing Advances 9.6% 10.0% 9.4% Cost of Deposits 4.6% 4.2% 3.8% Net Inter