Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — Q3 2016 Earnings Presentation
29 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, November 2016
Slide 1: Investor Relations Presentation Third Quarter 2016
INVESTOR RELATIONS presentation Third Quarter 2016
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐looking statements that reflect the bank’s current vi
Slide 3: Egypt's Fact Sheet
Egypt’s Fact Sheet Overview About CIB Financial Review Conclusion DIVERSIFIED ECONOMY¹ COUNTRY PROFILE Name: Arab Republic of Egypt Industrial (27.85%) Capital: Cairo Agriculture (14.06%) Currency: Egyptian Pound (EGP) Mining (9.66%) Total area: c.1,002,000 sqm.km Trade (9.61%) Inhibited area: 7.88%
Slide 4: Macro-Environment
Macro-Environment Overview About CIB Financial Review Conclusion Reform-led boom Real GDP Growth (%) MANAGEABLE DEBT Net International Reserve: $16.7bn (Aug 16) 8.0% 7.1% 7.2% Current A/C balance: $- 4,189.7mn*** Global financial crisis 7.0% LT external debt: $48.75bn*** 6.0% ST external debt: $7.01
Slide 5: Egypt's Banking Sector
Egypt’s Banking Sector Overview About CIB Financial Review Conclusion 939 2,139 49% 49% 714 46% 45% 1,740 41% 41% 545 584 503 1,433 471 1,191 965 1,027 10/11 11/12 12/13 13/14 14/15 Jul-16 10/11 11/12 12/13 13/14 14/15 Jul-16 10/11 11/12 12/13 13/14 14/15 Jun-16 Total loans (EGP bn) Total deposits (
Slide 6: Egypt's Banking Sector (Cont'd)
Egypt’s Banking Sector (Cont’d) Overview About CIB Financial Review Conclusion Jun-16 3,883 Jun-16 9,031 Jun-16 64,349 13/14 3,712 13/14 6,810 13/14 51,384 12/13 3,651 12/13 6,283 12/13 45,716 11/12 3,610 11/12 5,489 11/12 40,046 10/11 3,573 10/11 4,953 10/11 32,911 Total # of branches Total # of AT
Slide 7: The Challenges
The Challenges Overview About CIB Financial Review Conclusion Slow improvement in standards of living1 UNDP Human Development Index: Score 0.690, ranked 108/188 in 2014 Low quality health care services2 5.6% of GDP spent on health care services in 2014 Ease of doing business index3 Ranked 122/190 Co
Slide 8: Why Egypt?
Why Egypt? Overview About CIB Financial Review Conclusion ECONOMIC ENVIRONMENT Among the most diverse in the MENA region Fuel subsidies New Suez Canal Corporate tax New Cairo Administrative Capital Investment law GENERAL MEGA Development Passage in Western Desert CBE mechanism for FCY repatriation R
Slide 9: CIB at a Glance
CIB at a Glance Overview About CIB Financial Review Conclusion International Consortium RW led IPO raising US$ consortium Actis Sold Chase National Rating by S&P led by 2.6% in open Bank established 115mn; 150% Ripplewood; divested half its and Fitch: market in oversubscribed acquired NBE holdings B
Slide 10: CIB's Key Milestones
CIB’s Key Milestones Overview About CIB Financial Review Conclusion 1975 1977 1987 1989 First joint venture First private sector Following Chase CIB has been selected bank in Egypt; bank to create a Manhattan divesture by the IATA to act as the Chase National dedicated division due to a shift in the
Slide 11: CIB's Key Milestones (Cont'd)
CIB’s Key Milestones (Cont’d) Overview About CIB Financial Review Conclusion 2001 2005 2006 2009 First Egyptian bank to Only bank in Egypt First bank in Egypt Only Egyptian bank register on NYSE; to be awarded JP to execute EGP 200 recognized as ‘Best Bank in ADR Level 1 Morgan Quality mn R’epo Egyp
Slide 12: Subsidiaries and Associates
Subsidiaries and Associates Overview About CIB Financial Review Conclusion EGYPT FACTORS Owns: 49% Profile: 1st non-banking financial institution in Egypt CI CAPITAL HOLDING* specializing in factoring Wholly owned by CIB Full-fledged Investment Bank; • Securities Brokerage FALCON • Asset Management
Slide 13: Lines of Business
Lines of Business Overview About CIB Financial Review Conclusion INSTITUTIONAL BANKING CONSUMER BANKING Market leader The take-off for a world class consumer Profile Prime contributor to profitability banking franchise • Large and medium-size corporates (MNCs, institutions and banks) • Retail custom
Slide 14: Business Banking
Business Banking Overview About CIB Financial Review Conclusion Caters to SMEs Covers all sectors and industries through more than 100 well-trained Relationship Managers across the country 2010 2011 2012 2013 2014 2015 Pilot Formal - Expanding sales - Offering Penetrating the SME - Fine-tuning offer
Slide 15: Our Stock in a Nutshell
Our Stock in a Nutshell Overview About CIB Financial Review Conclusion STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS* Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,153,866,000 PERFORMANCE Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 High EGP 70 Traded New York Sto
Slide 16: Shareholding Structure
Shareholding Structure Overview About CIB Financial Review Conclusion FREE FLOAT BY REGION North America (57.27%) Africa (15.05) GCC (12.59%) UK & Ireland (6.50%) Continental Europe (4.17%) Free Float (93.3%) Rest of the World (4.43%) Fairfax (6.7%)* FREE FLOAT BY CATEGORY Institutions (88.00%) Indi
Slide 17: Our Presence in Egypt
Our Presence in Egypt Overview About CIB Financial Review Conclusion DISTRIBUTION NETWORK 187 Total Branches and Units 107 Cairo DIGITAL BANKING DIGITAL BANKING INITIATIVES 27 Alexandria Smart Wallet Micro Finance 2,042,020 Website visits 25 Sinai and Canal CIB’s (Pilot Phase) 211,502 Internet Banki
Slide 18: Corporate Governance
Corporate Governance Overview About CIB Financial Review Conclusion COMMITMENT TO SOUND CORPORATE GOVERNANCE PRACTICES CONTINUES TO DEFINE CIB This commitment is supported by several mandates: Several internal policies, risk controls, and manuals have been put in place to ensure that all business as
Slide 19: Board of Directors
Board of Directors Overview About CIB Financial Review Conclusion The Board and its committees are governed by well-defined CIB’s Board consists of 8 members, 7 are charters that sets out its responsibilities and composition non-executive* requirements HISHAM EZZ Al-ARAB The Board is supported by in
Slide 20: Our Strategy
Our Strategy Overview About CIB Financial Review Conclusion TODAY TOMMORROW • Positioned as trade finance hub for Egypt Quality loan growth, Financial Deposit growth, • Focus on SMEs & underpenetrated retail with focus on Transactional Performance specially from banking segment increasing product ba
Slide 21: Business Continuity Management & Information Security
Business Continuity Management & Information Security Overview About CIB Financial Review Conclusion Pioneer in implementing international standards and best practices; INITIATIVES established in 2010; ahead of all major players in the market CIB continues to invest in further improving its business
Slide 22: Awards and Recognition
Awards and Recognition 2016 * Best Trade Finance Provider in Egypt by Global Finance - Best Treasury & Cash Management Providers in Egypt by Global Finance + Best Bank in Egypt Supporting Women Owned and Women Run Businesses by the American Chamber of Commerce in Egypt - Best Bank in Egypt 2016 - By
Slide 23: Performance Snapshot: 30 September 2016
Performance Snapshot: 30 September 2016 Overview About CIB Financial Review Conclusion TOTAL ASSETS NET LOANS CUSTOMER DEPOSITS SHAREHOLDERS’ EQUITY EGP 207,139mn EGP 60,785mn EGP 178,069mn EGP 19,212mn Dec.’15: EGP 179,500mn; Dec.’15: EGP 56,836mn; Dec.’15: EGP 155,234mn; Dec.’15: EGP 16,535mn; 15%
Slide 24: Funding Overview
Funding Overview Overview About CIB Financial Review Conclusion FUNDING STRUCTURE Due to Customers (94.82%) Other Liabilities (4.85%) CUSTOMER DEPOSIT MIX Due to Banks (0.25%) Long-Term Loans (0.08%) Demand (28.27%) TDs (25.42%) CDs (25.26%) Savings (18.31%) Other (2.74%) CIB’s funding structure has
Slide 25: 10-Year Performance Summary
10-Year Performance Summary Overview About CIB Financial Review Conclusion 57% 2.52% 2.94% 55% 54% 56% 53% 2.62% 2.89% 2.51% 2.93% 52% 50% 155.2 2.09% 3.03% 2.03% 43% 40% 2.92% 179,500 37% 122.0 96.8 143,813 71.5 78.7 48.9 54.8 63.4 113,752 39.5 85,506 93,957 31.6 64,255 75,425 47,906 57,462 20.5 26
Slide 26: Position Among Peers
Position Among Peers Overview About CIB Financial Review Conclusion TOTAL ASSETS (EGP bn) NET INCOME (EGP mn) GROSS LOANS/DEPOSITS CAE 34 CAE 632 CIB 40.0% Alex 50 Alex 824 HSBC 44.7% HSBC 69 AAIB 1,110 AAIB 50.3% AAIB 116 HSBC CAE 54.0% QNBA 144 QNBA QNBA 57.7% CIB 193 CIB Alex 69.3% 0 50 100 150 2
Slide 27: Market Share
Market Share Overview About CIB Financial Review Conclusion 10.00% 9.00%8.47% 8.45% 8.52% 8.58% 8.52% 8.43% 8.45% 8.54% 8.57% 8.32% 8.25% 8.28% 8.27% 8.35% 8.18% 7.95% 7.90% 8.00% 8.37% 8.45% 8.18% 8.22% 8.12% 7.20% 7.91% 7.99% 7.75% 7.84% 7.67% 7.65% 7.56% 7.00% 7.39% 7.48% 7.48% 7.51% 7.37% 7.23%
Slide 28: Why CIB?
Why CIB? Overview About CIB Financial Review Conclusion PROFITABILITY Extremely skilled and experienced Management Team NPAT EGP 4.46bn Total revenues EGP 8.20bn Asset Quality Highly qualified Board of Directors NPL/Gross loans 5.26%* Direct Coverage Ratio 158%* LIQUIDITY Among the best Investor Rel
Slide 29: Thank You!
Thank You! Overview About CIB Financial Review Conclusion For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations contacts
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