Askari Bank Limited · PSX:AKBL
Askari Bank — 9M 2024 Earnings Presentation
8 slides from Askari Bank's earnings presentation, Sep 30, 2024
Slide 1: Corporate Briefing
Corporate Briefing For the nine months ended September 30, 2024
Slide 2: Overview
Overview Sponsors Fauji Group (71.91%) 1992 1.7M 8.0K 661 Founded Clients Employees Branches Credit Rating PKR 2.3 Tr PKR 115.6 Bn PKR 54.1 Bn PKR 27.7 Bn Total Assets Equity Total Income Pft Before Tax (9M’24 YTD) (9M’24 YTD) AA+ 46.6% 17.6% 52.7 Bn 21.19% CIR (YTD) RoE (YTD) Mkt Cap. (26 Dec 24) C
Slide 3: Balance Sheet – Rupees in billion
Balance Sheet – Rupees in billion Sep-23 Dec-23 Sep-24 YoY YTD • Deposit grew by 10% YOY and 9% YTD. Cash & bank balances 127 174 125 -2% -28% • CASA deposits up by 14% YTD and constitute 88% (84% Dec’23) of the total Lending to FIs 9 - 25 172% ^ as focus remains on low cost deposits. Advances 524 6
Slide 4: Profit & Loss – Rupees in billion
Profit & Loss – Rupees in billion Quarterly Nine months ended • NIM increased by 7% yoy Q3'23 Q2'24 Q3'24 YoY QoQ 9M'23 9M'24 YoY mainly due to volumetric Mark-up earned 88.8 104.9 104.5 18% -0.4% 216.8 309.8 43% growth, a 29% increase in earning assets. Mark-up expensed 73.1 93.0 86.1 18% -7% 176.3
Slide 5: Deposits – Rupees in billion
Deposits – Rupees in billion Total Deposits CASA CASA Ratio % 9% -0.5% 1400 99 1% 87 88 1200 89 84 84 1,414 1,407 1000 79 1,237 1,229 1,095 1,301 1,085 1,293 800 69 600 59 Q4 23 Q1 24 Q2 24 Q3 24 Q4 23 Q1 24 Q2 24 Q3 24 12% 10% Current 27% Islamic Saving Fixed Conventional 61% 90% Askari Bank Limite
Slide 6: Advances – Rupees in billion
Advances – Rupees in billion 10% 4% -34% Trade & ser. 25% 20% Textile 13% 11% 754 10% 726 661 Trans, St & Com 8% 502 Oil & gas 10% 10% Energy 10% Q423 Q124 Q224 Q324 9% GoP backed, Food & allied 8% 19% 24% Commercial, Cement & Cons 8% 15% 5% Corp, 37% Metal & allied 7% SME, 2% 6% Consumer, 6% 5% Che
Slide 7: Asset Quality
Asset Quality NPLs (Rs/bn) Infection Ratio-% Coverage Ratio - % 6.7% 5.5% 4.4% 4.6% 118.5% 107.7% 39.8 97.4% 34.4 96.9% 33.8 29.1 Q4 23 Q1 24 Q2 24 Q3 24 Q4 23 Q1 24 Q2 24 Q3 24 Askari Bank Limited – Corporate Brief – 9M’24
Slide 8: Thank You
Thank You Askari Bank Limited – Corporate Brief – 9M’24