Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q3 2012 Earnings Presentation
15 slides from Abu Dhabi Commercial Bank's earnings presentation, 2012
Slide 1: Abu Dhabi Commercial Bank PJSC Earnings Presentation Q3'12
Abu Dhabi Commercial Bank PJSC Earnings Presentation Q3’12 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Abu Dhabi Commercial Bank PJSC (“ADCB”) for information purposes only. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an off
Slide 3: Key messages
Key messages • Continued growth in core banking business activities • Improved cost of funds and higher margins • Pro‐active cost management, improved cost to income ratio • Conservative risk management, prudent provisioning policies • Strong and healthy capital position 3
Slide 4: Continued improvement in core banking business activities
Continued improvement in core banking business activities… 9 Month financial review Quarterly trends Highlights (9M’12 vs. 9M’11) AED million Change % Change % Income statement highlights 9M'12 9M'11 YoY Q3'12 Q3'11 YoY • Net profit of AED 2,131 mn, excluding the non‐recurring gain in 9M’11, net Tot
Slide 5: Strategically managed balance sheet
Strategically managed balance sheet… Composition of assets (Sep’12) Split of the loan portfolio, gross (Sep’12) Evolution of net loans (AED mn) Cash and Fixed and other balances with Deposits and Development assets 5% CB 4% balances due and Energy 3% from banks 9% construction* 8% Derivative 19% Rea
Slide 6: Diversified funding base, healthy deposit mix
Diversified funding base, healthy deposit mix… Composition of liabilities (Sep’12) Composition of customer deposits (Sep’12) Evolution of deposits (AED mn) By counterparty Government 20% 15% Retail 27% Other liabilities 5% Derivative financial Corporate 9% 10% 10% instruments 3% 53% L Long t term b
Slide 7: Strong liquidity levels, improved Tier I ratio
Strong liquidity levels, improved Tier I ratio… Capital position and risk weighted assets (AED bn) Capital adequacy ratio and Tier I ratio 22.5% 22.5% 138 135 138 142 31.0 32.1 24.1 17 4% 17.4% 22.6 9.1 9.0 16.7% 16.2% 15.9% 7.0 6.3 23.1 12.4% 12.0% 21.9 17.1 16.2 2009 2010 2011 Sep'12 2009 2010 201
Slide 8: Asset quality
Asset quality… NPL and d provision coverage ratios** NPLs and impairment allowances (AED ( mn)) 80.0% 75.8% 14,278 67.8% 69.6% Incl. Dubai World exposure Excl. Dubai World exposure 6,749 44.1% Incl. Dubai World 11 1% 11.1% exposure 7,495 6,242 6,296 6,025 6,475 5,712 1,643 2,214 4,232 7,530 7,529 2,
Slide 9: Strong growth in operating income driven by improved cost of funds
Strong growth in operating income driven by improved cost of funds… Net interest income* (AED mn) Evolution of yields 3,296 3,909 5.15% 4.99% 5.12% 5.20% 5.20% 4.98% 4.83% 1,195 1,383 1,331 3.47% 3.60% 3.52% 3.37% 2 80% 2.80% 3.02% 2.69% 5,708 5,918 1,913 2,044 1,962 2.52% 2.31% 1.85% 1.77% 2.00% 1.
Slide 10: Pro-actively managed cost base, improved cost to income ratio
Pro‐actively managed cost base, improved cost to income ratio… Cost to income ratio* Operating expenses (AED mn) 1,515 1,559 32.8% 134 121 31.7% 506 537 516 31 5% 31.5% 538 566 41 41 40 31.2% 173 188 178 30.4% 815 900 292 308 299 Q1'12 Q2'12 Q3'12 9M'11 9M'12 Q1'12 Q2'12 Q3'12 9M'11 9M'12 * Operatin
Slide 11: Focus on long-term growth and success
Focus on long‐term growth and success… Net profit evolution (AED mn) Return on equity and return on average assets ROE ROAA 16.7% 2,531* 13.4% 8.9%* 1,314 2,131 1,217 1.5% 1.56% 1.38% 803 733 595 (0.66%) 0.83%* Q1'12 Q2'12 Q3'12 9M'11 9M'12 (3.4%) 0.14% 2009 2010 2011 Sep'12 * Includes AED 1,314 mn
Slide 12: Awards in Q3'12
Awards in Q3’12 “Human Resources Award in the “Best Best Woman Award in the “B SME Account” “Best A ” “Best SME Trade Finance” Banking & Financial Sector 2011” Banking & Financial Sector 2011 " for BusinessEdge Free Zone Platinum Account for Business Edge Trade 360 by by By By Human Resources Develo
Slide 13: Appendix
SSal toca gal Chip ADCB€ LONG LIVE AMBITION: Appendix 13
Slide 14: Balance sheet
Balance sheet AED mn Sep’12 Dec’11 Change (%) Cash and balances with Central Banks 7,985 6,630 20 Deposits and balances due from banks 15,821 20,840 (24) Loans and advances, net 123,777 124,755 (1) Derivative financial instruments 5,327 4,845 10 Investment securities 19,001 15,068 26 Investment in a
Slide 15: Income statement
Income statement AED mn Sep’12 Sep’11 Change (%) Interest and income from Islamic financing 5,918 5,708 4 Interest expense and profit distribution (2,009) (2,411) (17) Net interest and Islamic financing income 3,909 3,296 19 Net fees and commission income 733 715 2 Net trading income 226 323 (30) Ot
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