Slide 1: RAKBANK Investor Relations Presentation 9M 2015
RAKBANK Investor Relations Presentation 9M 2015
Slide 2: RAKBANK Profile
RAKBANK Profile Establishment Ownership The National Bank of Ras Al Khaimah was founded in 1976. It RAKBANK is listed on the Abu Dhabi Securities Exchange (ADX) underwent a major transformation in 2001 as it rebranded into and 52.77% of the Bank’s shares are owned directly and RAKBANK and shifte
Slide 3: RAKBANK Profile: Subsidiaries, Ratings, Regulatory Framework
RAKBANK Profile Subsidiaries Ratings Subsidiary Ownership Country Purpose Rating Agency Last Update Deposits Outlook Support RAK Insurance 79.23% UAE To develop insurance products September RAK Islamic To sell Sharia- Baa1 / P-2 Stable 2 99.99% UAE 2015 Finance Company compliant products RAKFUNDING
Slide 4: Shareholders, Directors & Management
Shareholders, Directors & Management Ownership Structure Board of Directors Government of RAK Group UAE citizens H.E. Mohammad Omran Alshamsi Chairman Foreigners GCC Nationals H.E. Sheikh Salem bin Sultan Al Qasimi Director Mr. Ahmed Essa Al Naeem Director 3% 16% Mr. Youssef Obaid Essa Al Nuaimi Dir
Slide 5: Business Segments
Business Segments Retail Banking customers are serviced through a network of 35 branches, over 250 ATMs, as well as Online, Phone, and Mobile Retail Banking solutions. Sales takes place across all channels over and above the Bank’s mobile sales force of over 2000 staff. This Banking segment has a st
Slide 6: 9M 2015 Highlights
9M 2015 Highlights Financial Snapshot Notes AED millions 9M 2015 9M 2014 Growth % Total Operating Income grew by AED 314.6 million year-on- Net Interest Income 2,277.5 2,026.8 12.4% year Operating Expenses increased marginally by AED 21.9 million Non-Interest Income 663.3 599.4 10.7% compared to
Slide 7: Key Ratios
Key Ratios Key Ratios Ratios 9M 2015 9M 2014 Y-o-Y Return On Equity* 20.3% 22.3% (2.0%) Net Interest Margin 8.1% 8.3% (0.2%) Efficiency Cost to Revenue 39.1% 42.9% (3.8%) Return On Assets* 3.9% 4.4% (0.5%) Coverage Ratio 81.8% 87.0% (5.2%) Asset Quality Gross Impaired Loans Ratio 2.9% 2.3% 0.6% Lend
Slide 8: Balance Sheet Overview
Balance Sheet Overview Breakdown of Assets by Type (as at 30.09.15) Assets and Gross Loans & Advances (AED billions) 0.5% 1.8% Cash and Balances with 2.4% Total Assets Gross Loans and Advances UAE Central Bank 10.7% 11.6% 0.8% Due from other Banks 50 39.0 Loans and Advances, 40 34.8 34.8 Net 30.1 28
Slide 9: Asset Breakdown
Asset Breakdown Breakdown by Product (AED billions) Retail Wholesale YoY 30-Sep-14 8 31-Dec-14 6.3 5.6 5.8 30-Sep-15 6 4.8 4.6 3.9 3.8 3.9 4.1 4 3.2 3.0 3.0 3.3 2.7 2.7 2.8 2.2 2.3 2.0 2 1.1 1.1 1.4 1.1 1.2 1.5 0.6 0.9 0.0 0.1 0.4 0 Expat Loans National Auto Loans Mortgage Credit Cards Rakfin Others
Slide 10: Asset Quality
Asset Quality Non-Performing Loans (AED millions) Net Credit Loss (annualized) Impaired Loans to Gross Loans & Advances 847.6 3.00% 900 3.00% 800 800 5% 618.8 2.80% 2.80% 700 4% 3.4% 600 516.5 539.8 569.4 2.9% 600 2.60% 2.60% 2.5% 2.4% 2.4% 2.4% 500 3% 400 400 1.6% 2.5% 2.40% 2.3% 2.40% 2% 300 1.1%
Slide 11: Liabilities
Liabilities Customer Deposits (AED billions) Notes Time Current Savings Call Islamic 30 Customer deposits were up by AED 2.06 billion YTD. Deposits from Retail and Wholesale Banking increased by 25 3.1 8.3% and 24.6% YTD respectively. 2.6 2.4 1.3 2.0 1.0 1.3 1.2 During the 9 month period, the
Slide 12: Capitalization
Capitalization Equity Breakdown (AED billions) Capital Adequacy Ratio (CAR) Share Capital Reserves Retained Earnings 28.8% 29.0% 8 30% 26.5% 1.8 2.0 25.1% 6 1.5 1.7 25% 23.2% 1.2 4 3.4 3.7 3.4 3.7 3.0 20% 2 1.5 1.7 1.7 1.7 1.7 15% 0 2012 2013 2014 9M 2014 9M 2015 2012 2013 2014 9M 2014 9M 2015 Risk
Slide 13: Profitability
Profitability Profitability (AED billions) Cost-to-Income Ratio Total Operating Income Net Profit 50% 4 3.6 44.3% 43.8% 3.2 45% 42.3% 42.9% 2.9 2.9 3 2.6 39.1% 40% 2 1.4 1.4 1.5 1.1 1.1 1 35% 0 30% 2012 2013 2014 9M 2014 9M 2015 2012 2013 2014 9M 2014 9M 2015 Annualized Returns Net Interest Margin R
Slide 14: Appendix
Appendix
Slide 15: USD 300 million Tap
USD 300 million Tap Transaction Summary Investors by Geography Investors by Type Issuer RAKFUNDING CAYMAN LTD Banks Funds MENA Europe Asia Insurance Private Banks The National Bank of Ras Al Guarantor Khaimah (P.S.C) Guarantor Rating Baa1 (Moody's) / BBB+ (Fitch) Format Regulation S only 6% 7% Statu
Slide 16: Disclaimer
Disclaimer The material in this presentation has been prepared by the National Bank of Ras Al Khaimah (P.S.C), United Arab Emirates (“RAKBANK”) and is general background information about RAKBANK’s activities and is not intended to be current as on the date of the presentation. This information is g