Commercial Bank Of Dubai(psc) · DFM:CBD
Commercial Bank Of Dubai(psc) — Commercial Bank of Dubai — FY2017 Earnings Presentation
27 slides from Commercial Bank Of Dubai(psc)'s earnings presentation, 2018
Slide 1: Commercial Bank of Dubai Investor Presentation FY 2017
COMMERCIAL BANK OF DUBAI INVESTOR PRESENTATION FY 2017 Slide 1
Slide 2: Disclaimer
Disclaimer In accessing the Information in this document, you agree to be bound by the following terms and conditions. The Information is provided to you solely for your information and may not be retransmitted, further distributed to any other person or published, in whole or in part, by any medium
Slide 3: Overview of the United Arab Emirates
Overview of the United Arab Emirates Snapshot of the UAE UAE Stock Market The United Arab Emirates (rated Aa2 by Moody’s) comprises seven emirates with Abu Dhabi and Dubai being the largest contributors to its gross domestic DFM ADX product (“GDP”). The UAE benefits from several buffers, includi
Slide 4: Overview of Dubai
Overview of Dubai Snapshot of Dubai Foreign trade (AED bln) Exports & Re-Exports Imports The Emirate of Dubai is the second largest Emirate in the UAE after the 545 574 502 514 536 Emirate of Abu Dhabi. Dubai is situated on the west coast of the UAE in 442 442 364 the south-western part of the Ara
Slide 5: Overview of UAE Banking sector
Overview of UAE Banking sector Snapshot of the UAE Banking Industry Key Industry Indicators, AED bln 2013 2014 2015 2016 2017 As of December 2017 the UAE Banking industry, which is the largest Total Assets 2,109 2,288 2,459 2,593 2,695 banking industry in the GCC, comprised of 50 banks, 23 of whic
Slide 6: CBD profile and ratings
CBD profile and ratings 1969 1982 2017 Public Shareholding With the introduction of CBD is owned by UAE entities and nationals Company by an Emiri restrictions on foreign banks’ Decree issued by His operations in the UAE, CBD Highness the late Sheikh converted into a national • CBD shareholders: Gov
Slide 7: Board of Directors and Management Team
Board of Directors and Management Team Board of Directors Shareholders Government of Dubai* 20% Al Futtaim Private Co. 10.51% Orient Insurance PJSC. 8.84% UAE nationals Abdulla Hamad Al Futtaim 6.95% 80% Ghobash Trading & Inv. 6.37% Mr. Saeed Ahmed A W Rostamani Group 5.93% General public 36.40% Gho
Slide 8: Corporate Governance
Corporate Governance Board of Directors The Board of Directors provides strategic guidance, effective Organisational Structure monitoring of management, adequate controls and sets the tone Chairman and and culture of the Bank to enhance and ensure sustainable Board of Directors shareholder value. Bo
Slide 9: Credit strengths
Credit strengths Bank of choice of leading Stable and low-cost funding private sector companies in the base UAE 20% ownership by the Strong capital base and Government of Dubai diversified lending portfolio Fast growing Islamic banking Consistent profitability and franchise returns Experienced manag
Slide 10: 2017 Operating highlights
2017 Operating highlights ► Operating income of AED 2,642 mln, up 7.3% year-on-year driven by higher net interest income and non-interest income ► Operating expenses increased by 3.5% to AED 901 mln ► Operating profit increased by 9.4% to AED 1,742 mln ► Net impairment allowances for the year were A
Slide 11: 2017 Financial snapshot
2017 Financial snapshot Income statement, AED Mln FY 2017 FY 2016 YoY Q417 Q317 QoQ Q416 YoY Net Interest Income & Islamic Financing Income 1,821 1,725 6% 467 468 0% 477 -2% Net Fees, Commission and FX Income 684 630 9% 168 183 -8% 172 -2% Other Operating Income 138 107 28% 20 23 -14% 21 -5% Total R
Slide 12: Overview of business segments
Overview of business segments CBD categorizes its business into five main business segments: Corporate Banking, Commercial Banking, Business Banking, Personal Banking and Treasury & Investments Corporate Banking: Provides a range of credit and non-credit banking products and services to large corp
Slide 13: Segment performance (1/3): Corporate and Commercial Banking
Segment performance (1/3) Balance Sheet Trends AED mln Revenue Trends AED mln 12% increase in assets registered by Corporate +12% +17% -3.5% banking to reach AED 32.6 bln as at 31st Dec 2017. 920 888 Liabilities increased by 17% to reach AED 30.2 bln. 32,599 29,025 30,174 NFI 181 Total revenue
Slide 14: Segment performance (2/3): Business and Personal Banking
Segment performance (2/3) Balance Sheet Trends AED mln Revenue Trends AED mln Business banking assets decreased by 28% from AED -0.1% 1.4 bln as at end of 2016 to reach AED 1 bln as at -2% end of 2017. 276 276 3,511 3,425 Liabilities decreased by 2% to reach AED 3.4 bln as at Business Banking NF
Slide 15: Segment performance (3/3): Treasury & Investments
Segment performance (3/3) Balance Sheet Trends AED mln Revenue Trends AED mln Treasury assets decreased by 4% to reach AED 17 +58.4% bln as at end of 2017. -4% 392 Total treasury revenues increased by 58% from 18,035 17,244 Treasury & Investments AED 247 mln at end of 2016 to AED 392 mln at end
Slide 16: CBD Balance sheet and Profit growth over the years
CBD Balance sheet and Profit growth over the years Revenues and Costs (AED billion) Profits (AED billion) Revenues Costs Operating Profits Net Profits +3% +6% +8% +5% 2.6 0.9 0.9 0.9 1.7 1.2 2.4 2.5 1.6 2.2 0.8 1.5 1.5 1.0 1.1 1.0 1.0 2.0 1.3 1.3 1.4 1.9 1.9 0.6 0.8 0.9 0.6 0.6 FY FY FY FY FY FY FY
Slide 17: Net interest income
Net interest income Net Interest income increased by 6% over 2016 Interest income, AED mln Interest expense, AED mln Net interest income, AED mln 2,515 694 1,821 1,725 2,288 1,583 1,640 563 1,449 +6% 1,963 +10% 1,767 1,827 +23% 318 323 244 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 2013 201
Slide 18: Non interest income
Non interest income Non interest income, AED mln Movement in Non interest income, AED mln 822 8 712 737 22 69 -15 657 +11% 584 822 634 737 545 2013 2014 2015 2016 2017 2016 Fees and FX Investment Other income 2017 commission income Components of Non interest income, % Key highlights Non interest i
Slide 19: Profitability ratios
Profitability ratios Total operating expenses were 3% higher when compared to 2016; efficiency ratio improved to 34.1% Operating expense, AED mln Cost to income ratio, % 871 901 859 36.5% 35.4% 754 +3% 33.7% 34.1% 30.9% 628 2013 2014 2015 2016 2017 2013 2014 2015 2016 2017 Return on Assets and Ret
Slide 20: Balance sheet analysis
Balance sheet analysis CBD’s loan portfolio increased by 13% over 2016 with focused growth in selected sectors Assets and Loans, AED mln Breakdown of Gross Loans, Advances & Islamic Financing AED mln 2017 2016 Δ % 2017 / 64,080 70,414 2016 57,864 Manufacturing 3,063 2,483 23% 46,879 47,276 44,476
Slide 21: Funding sources and liquidity
Funding sources and liquidity CBD grew its deposit base to maintain liquidity ratios in tight market conditions Steady growth in deposit base, AED mln Overview of funding sources, AED bln Breakdown of Customers’ deposits, % 70 48,411 64 1 As at 31st December 2017 43,774 58 2 40,475 1 Corporate Ind
Slide 22: Asset quality
Asset quality Asset quality improved during the year with Non Performing Loans ratio dropping to 6.5% Marginally better asset quality, AED mln Loan loss coverage ratio, % 10.1% 9.3% 101.6% 93.7% 92.4% 84.9% 88.7% 6.9% 6.9% 6.5% 3,334 3,242 2,895 3,101 3,279 2013 2014 2015 2016 2017 2013 2014 2015
Slide 23: Overview of capitalisation
Overview of capitalisation Capital adequacy remains well above regulatory limits Composition of equity1, AED mln Overview of capitalisation, % 9,081 8,680 8,229 7,811 7,217 2,803 19.0% 18.1% 2,803 16.6% 2,242 2,803 15.8% 2,038 15.0% 17.7% 16.8% 3,329 15.5% 14.6% 13.9% 3,358 3,400 3,742 3,233 2,519
Slide 24: CBD Awards: 2017
CBD Awards: 2017 Banker Middle East Awards • The ‘Best Cash Management’ Bank in UAE Dubai Trade Awards • Awarded as a key strategic banking partner Service Olympian Awards • Overall best mobile app • Best live chat performance yallacompare Banking Awards • Digital bank of the year WOW Awards and Con
Slide 25: Corporate Social Responsibility
Corporate Social Responsibility During the year, CBD participated and volunteered in a number of activities that demonstrate its commitment to its Corporate Social Responsibilities: • Sponsored Dubai Tour 2018 and is honored to be participating as the Blue Jersey Sponsor. • Sponsored the Annual Semi
Slide 26: Events / achievements during the year of 2017
Events / achievements during the year of 2017 Inaugurated a new Awarded by Presidential Awarded for Commitment Sponsored Dubai Tour 2018 branch in City Walk Affairs Ministry to Sustainability Flag day celebrations CBD and RKM group Cash Recognized at the Bankers Partnered with the Federal Authority
Slide 27: End of presentation
End of presentation Slide 27
Commercial Bank of Dubai — FY2017 Earnings Presentation on 6ix