Gfh Bank B.s.c. · BAHRAIN:GFH
Gfh Bank B.s.c — GFH Financial Group — H1 2023 Earnings Presentation
17 slides from Gfh Bank B.s.c's earnings presentation, August 2023
Slide 1: Presentation to the Investors H1 2023
PRESENTATION TO THE INVESTORS H1 2023
Slide 2: Importance Notice and Forward-Looking Statements
Importance Notice and Forward-Looking Statements Important notice The information set out in this presentation and subsequent webcast does not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financi
Slide 3: A regional leader in financial services, GFH is expanding globally
A regional leader in financial services, GFH is expanding globally GFH is a well renowned financial group in the GCC region, with a diversified offering and pioneering track record. Headquartered in Bahrain, GFH’s innovative approach to Islamic investment banking services has been recognized interna
Slide 4: Key performance highlights – H1 2023 & Q2
Key performance highlights – H1 2023 & Q2 23 Consolidated Shareholder Total Operating Finance EPS Assets Liabilities Equity Key ratios profits profits income expenses expenses Annualised ROE: 11.2% $57.2m $54.6m $173.8m $85.2m $31.4m $1.55 $10,341m $9,285m $974m 6M Annualised ROA: 1.2% 2023 26.0% 29
Slide 5: Operating performance H1
Operating performance H1 23 Key highlights $m Income Streams H1 23 H1 22 Change % • Group income up 43% and profitability increases by 26%. Investment Banking 91 45 102% • Growth across core investment banking, treasury and Commercial Banking 41 37 11% proprietary business lines. Treasury and Propri
Slide 6: Operating performance Q2
Operating performance Q2 23 Key highlights $m Income Streams Q2 23 Q2 22 Change % • Group income up 54.7% and profitability increases by 32.7%. Investment Banking 45 20 123% • Growth across core investment banking, treasury and Commercial Banking 16 17 -8% proprietary business lines. Treasury and Pr
Slide 7: Asset mix
Asset mix $m Assets H1 23 YE 22 Key highlights Cash and bank balances 400 858 Treasury portfolio 4,944 4,210 • Total assets of the Group increased by 5.9% to US$10.34 billion Financing assets 1,536 1,435 compared with US$9.76 billion at 31 December 2022. Real estate investment 1,332 1,287 • Growth p
Slide 8: Composition of Treasury portfolio
Composition of Treasury portfolio Key highlights $m Treasury Portfolio H1 23 YE 22 Placements with FIs 1,079 729 • Treasury portfolio of the Group increased by 17.4% to US$4.9 Equity type investments at FVTE 33 33 billion compared with US$4.2 billion at 31 December 2022. Equity type investments at F
Slide 9: Funding mix
Funding mix $m Key highlights Funded By H1 23 YE 22 Clients’ funds 151 123 • The increase in the funds raised is a testament to the depositor’s Placements with FIs 2,959 3,791 confidence in the Group. Placements with Non-FIs 1,183 1,064 • The funding profile increased by 3.9% from US$9.3 billion in
Slide 10: Balance sheet at June 2023
Balance sheet at 30 June 2023 (USD ‘000s) June-23 December-22 Assets Cash and bank balances 399,924 858,239 Treasury portfolio 4,944,127 4,210,020 Capital Adequacy: 15.22% Financing assets 1,535,660 1,435,238 Real estate investment 1,331,896 1,287,086 Proprietary investment 1,027,273 1,005,053 Co-In
Slide 11: Income statement for H1 and Q2 2023
Income statement for H1 23 Income statement for Q2 2023 (USD ‘000s) (USD ‘000s) H1-23 H1-22 % change Q2-23 Q2-22 % change Investment banking 90,517 45,098 100.7% Investment banking 45,430 20,419 122.5% Commercial banking income 41,242 36,859 11.9% Commercial banking income 15,764 17,108 -7.6% Treasu
Slide 12: ESG initiatives
ESG initiatives • Responsible Finance • Diversity and Inclusion • Governance, Business Ethics and • Sustainable Performance • Health, Safety and Compliance • Environmental Management Wellbeing • Data Privacy • • • 1 2 3 Community Engagement Talent Attraction and Risk Management • Social Responsibili
Slide 13: ESG initiatives: Responsible Finance
ESG initiatives Responsible Finance We are committed to creating sustainable wealth for our investors by diversifying our portfolio of investments, contributing to the Bahrain Economic Vision 2030. GFH commits to incorporating ESG issues into investment analysis and decision-making processes. GFH’s
Slide 14: ESG initiatives: Environmental Management
ESG initiatives Environmental Management We believe that tackling environmental issues, such as climate change, environmental degradation and pollution should be part of every responsible business’ agenda. GFH aspires to act in a manner that minimises the detrimental environmental impacts of its ope
Slide 15: ESG initiatives: Energy Management
ESG initiatives Energy Management To reduce climate impacts and increase operational efficiency, we regard energy management as crucial. We strive to reduce our environmental footprint due to energy consumption by combating energy waste by raising awareness, investing in energy efficiency measures,
Slide 16: Awards and accolades
Awards and accolades Best Private Bank Top 30 Asset Management Best Investment Management Firm Companies in ME MEA Finance Forbes Best Investment Bank (Middle East) Best Investments Management International Business Magazine Best Real Estate Investment Firm MEA Finance Most Innovative Diversified In
Slide 17: Thank You
THANK YOU Our latest financial statements and other regulatory reports can now be accessed on our website gfh.com