Ahli Bank Q.p.s.c. · QSE:ABQK
Ahli Bank Q.p.s.c — H1 2024 Earnings Presentation
19 slides from Ahli Bank Q.p.s.c's earnings presentation, 2024
Slide 1: Investor Presentation H1 2024
Investor Presentation H1 2024 ahlibank.com.qa
Slide 2: Overview
Overview Overview Shareholding Structure Founded in 1983 and listed on the Qatar Stock Exchange, Market cap of QAR 9.48 bln (as of 30 June 2024) 47.71% QIA and its wholly Has a network of 11 branches and 94 ATMs throughout Qatar owned subsidiaries Others Best regulated banking sector in the
Slide 3: ABQ Has Been at the Heart of the Community for Over 40 Years
ABQ Has Been at the Heart of the Community for Over 40 Years 1983 Incorporated as Al-Ahli Bank of Qatar part of CitiBank operations 1987 ABQ began to operate as a standalone entity 2004 Ahli United Bank (AUB) acquires a 40% stake through issue of new shares with a ten year renewable management
Slide 4: At the heart of the community – Corporate Social Responsibility
“At the heart of the community” – Corporate Social Responsibility Our brand identity is a modern interpretation of a potent symbol from Qatar’s past, the oyster shell. The shell protects and nurtures its treasure, growing it over time, just as we seek to grow and protect our customers’ assets. We as
Slide 5: Business Lines
Business Lines Corporate SMEs Corporate Cash Management Treasury, Ahli Brokerage Proprietary Investment Investments & International Banking International Banking Retail Private Banking & Retail Wealth Management Premium 5
Slide 6: Executive Summary – 2024
Executive Summary – 2024 1. Steady Performance with Net Profit of QR 383 mln and YoY growth of 6.5%; 2. Stable Capital Adequacy Ratio of 21.7% (based on new Basel guidelines wef 1 Jan 2024) 3. NPL Ratio stood at 2.78% (2023: 2.51%) with an enhanced coverage of 236% (2023: 234%) 4. Loan book maintain
Slide 7: Key Performance Highlights
Key Performance Highlights June 2024 June 2023 Growth Net Interest Income 816 632 29% Operating Income 903 724 25% Net Profit 383 360 6.5% June 2024 December 2023 Growth Total Assets 59,396 60,464 (2%) Loans & Advances 34,322 34,754 (1%) Customer Deposits 30,878 29,645 4% NPL 1,010 914 Total Provisi
Slide 8: P&L – YTD June 2024
P&L – YTD June 2024 YOY Variance QAR '000 Jun-24 Jun-23 Fav/(Adv) Interest income 1,756,209 1,467,918 20% Interest expense 940,139 835,596 (13%) Net interest income 816,070 632,322 29% Fees and other income (Including FX) 86,487 91,797 (6%) Total operating income 902,557 724,119 25% Staff Expenses 9
Slide 9: Balance Sheet – as at June 2024
Balance Sheet – as at June 2024 QR 'Mln Jun-24 Dec-23 Variance Amount % Cash and Balances with central bank (includes Statutory reserve: QR 1.4 bln) 1,887 1,855 32 2% Due from Banks 13,350 14,760 (1,410) (10% ) Loans and Advances 34,322 34,754 (432) (1% ) SOQ 70 278 (208) (75%) Other Loans 34,252 34
Slide 10: Steady Operating Income
Steady Operating Income QAR mln QAR mln 500 CAGR CAGR 903 1.4% CAGR 450 900 13% 6.3% 400 383 800 353 359 360 724 339 342 688 350 333 331 700 660 308 294 300 600 538 559 520 518 527 481 250 500 200 400 150 300 100 200 50 100 0 0 H1-15 H1-16 H1-17 H1-18 H1-19 H1-20 H1-21 H1-22 H1-23 H1-24 H1-15 H1-16
Slide 11: Total Assets – Trend
Total Assets – Trend QAR mln CAGR 70,000 CAGR 20% 6.9% 60,464 59,396 60,000 47,555 48,093 48,575 50,000 43,915 40,000 30,000 20,000 10,000 0 2019 2020 2021 2022 2023 Jun-24 11
Slide 12: Net Loans & Advances / Customer Deposits – Trend
Net Loans & Advances / Customer Deposits – Trend QAR mln Loans CAGR: 1.9% 40,000 Deposits CAGR: 4.3% 34,754 34,322 33,513 33,570 34,032 31,591 30,878 29,645 30,000 28,954 27,925 26,941 25,500 20,000 10,000 0 2019 2020 2021 2022 2023 Jun-24 Net Loans & Advances Customer Deposits 12
Slide 13: Proprietary Investments – Trend
Proprietary Investments – Trend QAR mln 10,000 CAGR 9,258 4.7% 9,000 8,613 8,340 8,382 8,000 7,521 7,074 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 2019 2020 2021 2022 2023 Jun-24 13
Slide 14: Shareholder's Funds – Trend
Shareholder’s Funds – Trend QAR mln 8,000 CAGR 7,500 3.3% 7,153 6,883 6,885 7,000 6,593 6,500 6,275 5,959 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2019 2020 2021 2022 2023 Jun-24 14
Slide 15: Asset Quality
Asset Quality NPL ratio of 2.78% and a coverage of 236% as at June 2024 Gross Loans and NPL Ratio(1) NPL Provision Coverage(2) Gross Loans (LHS) NPL Ratio (RHS) 280% 37,000 QAR Mln 4.50% 36,429 36,315 816 1,108 1,388 1,822 2,135 2,385 260% 35,562 36,000 4.00% 34,730 34,357 240% 236% 234% 35,000 3.50
Slide 16: Capital Adequacy Ratio
Capital Adequacy Ratio QAR mln 10,000 21.7% 24% 20.6% 20.5% 21.0% 9,000 18.0% 458 453 19% 442 456 8,000 17.7% 1,092 7,000 1,092 14% 1,092 1,092 417 285 6,000 - 9% - 5,000 6,493 6,885 6,206 6,351 5,611 5,911 4% 4,000 3,000 2019 2020 2021 2022 2023 Jun-24 -1% Tier II 285 417 442 456 453 458 AT-1 - - 1
Slide 17: Diversified Funding Mix
Diversified Funding Mix Debut Syndicated Bank Facilities (Sep 2014) Maturity Profile 3-year US$ 200 mln Syndicated Term Loan Facility for general corporate funding purposes carrying a margin of 120 basis points over LIBOR With the new facilities, we have significantly improved our funding profil
Slide 18: Market Positioning
Market Positioning Cost to Income (%) Return on Assets (%) 2021 2022 2023 Jun-24 2021 2022 2023 Jun-24 QIB 18.9 18.2 18.3 18.3 QIB 1.83 2.02 2.08 2.08 QIIB 19.8 19.7 19.7 19.7 QIIB 1.46 1.59 1.95 1.95 ABQ 25.4 23.1 22.8 21.3 CBQ 1.26 1.48 1.73 1.73 QNB 23.6 20.9 21.7 21.7 Dukhan 0.00 1.14 1.43 1.43
Slide 19: Disclaimer
Disclaimer: The description in this Investor Relations Presentation is provided for information purposes only and is not intended to advise any person to invest in the Bank or to induce or attempt to induce any person or entity to invest in any particular bank product. The information and opinions c