Arab Banking Corporation B S C · BAHRAIN:ABC
Arab Banking Corporation B S C — Bank ABC — YTD Sep 2024 Earnings Presentation
15 slides from Arab Banking Corporation B S C's earnings presentation, September 2024
Slide 1: YTD Sep 2024 Results Presentation
YTD Sep 2024 Results Presentation www.bank-abc.com
Slide 2: YTD Sep 2024 Results – Key Highlights
YTD Sep 2024 Results – Key Highlights Strong momentum in Strong revenue momentum, Healthy Balance Sheet surpassing the $1 billion T1 Ratio 14.2%, strategy execution threshold for the first time NSFR 119%, LCR 183% accelerates the delivery of our vision to be at 9 months stage Capital, Funding and Li
Slide 3: Continued Strong momentum in Strategy Execution
Continued Strong momentum in Strategy Execution Continued momentum in Executing our Transformation Roadmap in 2024 Launched new Retail digital app in more Units Released enhancement to our new WB Digital Banking platform Published first Sustainability report Progressed new Core Banking system implem
Slide 4: Q3 2024 Awards – Consistent recognition for continued excellence
Q3 2024 Awards – Consistent recognition for continued excellence Bridging continents through tailored Transaction Banking solutions Best Bank for ‘Transaction Banking in the Middle East’ by The Banker- FT The globally-renowned The Banker – Financial Times honours Bank ABC for its excellence in corpo
Slide 5: Q3 2024 Awards – Consistent recognition for continued excellence (Cont.)
Q3 2024 Awards – Consistent recognition for continued excellence (Cont.) Innovative banking triumphs again Best Bank for ‘Innovation in Digital Banking in the Middle East’ by The Banker- FT Bank ABC was recognized for the accelerated execution of its digital transformation and bespoke innovation pro
Slide 6: Over awards won in 2024 so far
Over 25 awards won in 2024 so far Additional awards recognizing the Bank’s accelerated strategic transformation and excellence across business disciplines ∕ ‘Best Corporate Cross-Border ∕ ‘Best Bank for Long-term Liquidity ∕ World’s Best Financial Innovation ∕ ‘Best Trade Finance Provider in Payment
Slide 7: Strong Revenue Growth Across the Franchise
Strong Revenue Growth Across the Franchise TOI reached US$1 billion YTD Sep Net interest income at US$692m +1% Other operating income up a 2024, +6% higher on a YoY basis, and year on year reflecting broad based strong 20% YoY reflecting was well diversified across our underlying growth across almos
Slide 8: Cost to Income Ratio continues to improve
Cost to Income Ratio continues to improve The Group continues to enforce Operating Expenses and appropriate cost discipline Performing while without compromising on Cost to Income Ratio transforming and investments into the Group’s digital transformation and maintaining robust strategic initiatives
Slide 9: Stable Cost of Risk
Stable Cost of Risk ECL charge slightly lower ECL charge and cost of risk, US$m, bps Business growth -3% YoY to US$105m YTD Sep 2024 reflecting being prudently the contained cost of -3% 108 managed by a credit 105 healthy level of risk appetite and Headline Cost of risk at 69bps risk frameworks lowe
Slide 10: Healthy Capital Ratios, Well Above Regulatory Minimum
Healthy Capital Ratios, Well Above Regulatory Minimum Overview Capital base remains Total CAR of 15.3% as of Sep 2024 RWA stood at US$31.8bn as strong of Sep 24, increasing by 5.2% over Dec 23, reflecting CET 1 Ratio (12.5%) business growth across the comprises the majority franchise of Tier 1 Ratio
Slide 11: Well Diversified and Liquid Balance Sheet
Well Diversified and Liquid Balance Sheet Total Assets of US$46.0bn at the end of Sep 2024, compared to US$43.9bn at the 2023 year-end, a Sep 2024 Assets by Instrument, $bn 5% increase, driven by growth in loans and 43.9 46.0 3.9 Other securities 3.5 5.8 8.9 Liquid Funds(2) Book weighted to short-te
Slide 12: In Summary
In Summary Strong momentum continued in 2024 with 6% YoY growth in revenues surpassing the $1 billion threshold for the first time at 9 months stage, backed by core business momentum and origination across the franchise Strong YTD Sep 24 Operating expenses were at US$568m, positive jaws of 3% with C
Slide 13: Appendix: Normalized Financials
Appendix: Normalized Financials US$ millions 2019 2020 2021 2022 2023 YTD Sep 23 YTD Sep 24 Net Interest Income 564 516 592 786 935 685 692 Non-Interest Income* 311 233 277 315 344 258 310 Total Operating Income (TOI)* 875 749 869 1,101 1,279 943 1,002 Profit Total Operating Expenses -524 -486 -569
Slide 14: Contact Us
Contact Us For more information, contact us on InvestorRelations@bank-abc.com Bank ABC Head Office P.O. Box 5698, Manama Kingdom of Bahrain www.bank-abc.com /13
Slide 15: Disclaimer
Disclaimer IMPORTANT: The following applies to this document, the oral presentation of the information in this document by Arab Banking Corporation B.S.C. ("Bank ABC") or any person acting on behalf of Bank ABC, and any question-and-answer session that follows the oral presentation (collectively, th