Bank Of Bahrain And Kuwait B.s.c. · BAHRAIN:BBK
Bank Of Bahrain And Kuwait B.s.c — Q2 2024 Earnings Presentation
12 slides from Bank Of Bahrain And Kuwait B.s.c's earnings presentation, Aug 20, 2024
Slide 1: Investors' Conference Call Q2 2024
Investors’ Conference Call Q2 2024 August 20, 2024
Slide 2: Major Developments
Major Developments 2 BBK Investors’ Conference Call – Q2 2024
Slide 3: Corporate Highlights
Corporate Highlights • Completed the issuance of a $500 million 5-year medium term notes carrying an annual coupon of 6.875%. • Moody’s and Fitch Ratings have affirmed the Bank’s ratings at ‘B2’ and ‘B+’ respectively with stable outlook. • Appointed CitiGroup Global Markets Limited as the financial
Slide 4: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives BBK remains committed to the community’s different sectors: 1. Training & Education: • Continuation of the BBK Program “Grow”, a 6-month program designed to help enhance the skills of Bahraini graduates to enter the job market • Ongoing support of the BBK
Slide 5: Key Governance & Investors Relations Developments
Key Governance & Investors Relations Developments 1. The bank performed a gap analysis for BBK and it subsidiaries with Good Corporate Governance practices and regulatory requirements. 2. The ESG team met to align new regulatory requirements with the Bank’s CG KPIs and monitor achieving the current
Slide 6: Financial Highlights
Financial Highlights 6 BBK Investors’ Conference Call – Q2 2024
Slide 7: Financial Performance – Q2 2024
Financial Performance – Q2 2024 5% 33 32 4% 5% 18 17 17 16 200% 181% 8 6 3 2 Net Interest Income Other Income Operating Net Provisions, taxes Net Profit Expenses and NCI In BD Millions Q2-2024 Q2-2023 7 BBK Investors’ Conference Call – Q2 2024
Slide 8: Financial Performance – YTD June 2024
Financial Performance – YTD 30 June 2024 4% 67 64 1% 2% 37 37 34 33 63% 16 55% 10 10 6 Net Interest Income Other Income Operating Net Provisions, taxes Net Profit Expenses and NCI In BD Millions 30 Jun 2024 30 Jun 2023 8 BBK Investors’ Conference Call – Q2 2024
Slide 9: Financial Position – Jun 2024
Financial Position – 30 Jun 2024 5% 4,101 3,902 6% 1% 2,250 2,130 1,598 1,588 0.3% 613 611 Loans and advances Total assets Customer deposits Equity attributable to shareholders In BD Millions 30 Jun 2024 31 Dec 2023 9 BBK Investors’ Conference Call – Q2 2024
Slide 10: Key Performance Indicators
Key Performance Indicators Jun 2024 Dec 2023 Return on Average Equity* % 12.4 12.7 Profitability Return on Average Assets* % 1.9 1.9 Earnings per share* BHD 0.042 0.043 Cost/Income % 42.0 44.6 Specific Coverage Ratio % 62.6 68.7 Assets Quality ECL (Stage 1&2) Coverage Ratio % 1.9 2.3 Gross NPL/ Gross
Slide 11: Q&A
Q&A 11 BBK Investors’ Conference Call – Q2 2024
Slide 12: Thank you!
Thank you! 12 BBK Investors’ Conference Call – Q2 2024
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