Dubai Islamic Bank Pjsc · DFM:DIB

Dubai Islamic Bank Pjsc — Noor Bank — Investor Presentation (April 2018)

28 slides from Dubai Islamic Bank Pjsc's investor presentation, April 2018

  1. Slide 1: Investor Presentation April 2018

    INVESTOR PRESENTATION APRIL 2018 © 2017 CONFIDENTIAL © 2018 CONFIDENTIAL 1

  2. Slide 2: Table of Contents

    Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 Appendix 2 Financials 27 2

  3. Slide 3: Overview of Noor Bank

    Overview of Noor Bank Snapshot Financial Highlights USD Mn 2013 2014 2015 2016 2017  Established by the Government of Dubai in 2007 and Cash & Balances with UAE CB 951 924 2,027 919 1,246 commenced operations in January 2008 Islamic Financing Instruments 3,906 4,911 6,318 7,056 7,473  Privately ow

  4. Slide 4: Strategic Sovereign & Ruling Family Ownership

    Strategic Sovereign & Ruling Family Ownership Noor Bank is the only UAE Bank to have joint ownership by Dubai & Abu Dhabi Ruling Families and the Dubai & UAE Federal Governments “ We want Noor to be like Dubai, a ” progressive, tolerant Islamic Bank. and members – His Highness Sheikh Other of the Ru

  5. Slide 5: Strong and Influential Board

    Strong and Influential Board The Bank’s board has been appointed by the Government of Dubai Overview of the Current Board of Directors H.H. Sheikh Ahmed Bin Mohd Bin Rashid Al Maktoum, Chairman  Member of the Dubai Ruling Family  Select Roles: Chairman of Mohammed bin Rashid Al Maktoum Foundation,

  6. Slide 6: Leading Shari'a Supervisory Committee

    Leading Shari’a Supervisory Committee The Bank’s Shari’a Supervisory Committee, a separate and independent entity that is appointed by the Board, comprises of leading Islamic scholars who have extensive experience and expertise in legal, financial and banking-related matters Overview of Shari’a Supe

  7. Slide 7: Overview of Noor Bank's History

    Overview of Noor Bank’s History Jan 2014 Jun 2017  Bank rebranded as Noor Bank  John Iossifidis May 2014 appointed as Chief Jan 2008 Jun 2011  The AED 770Mn Support Tier II funding Executive Officer Jan 2018  Official launch with initial  His Highness Sheikh provided by the UAE CB was prepaid i

  8. Slide 8: Table of Contents

    Table of Contents Section 1 Overview of Noor Bank 5 Section 2 Business Overview 9 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 Appendix 2 Financials 27 8

  9. Slide 9: We have redefined our vision, mission and values

    We have redefined our vision, mission and values…  To be recognised as the  Empowering people to deliver world’s best contemporary outstanding customer Shari’a compliant bank experiences Vision Mission To make a difference for the better Values  Empowering, enabling and engaging  Integrity Strat

  10. Slide 10: Strategic Priorities

    Strategy Noor Bank’s new strategy is focused on customer service and employees, while improving efficiency and processes to provide a sustainable growth platform Becoming simpler and Delivering outstanding more efficient through customer experiences technology and analytics Strategic Priorities Enab

  11. Slide 11: Value Proposition

    Value Proposition Diversified Earning Base Prominent Shareholders Strong Board, Experienced Consistent Profitability & Management and Progressive Stringent Cost Management Shari’a Supervisory Committee Innovative Product Portfolio Prudent Risk Management with Strong Customer Relationships Well Manag

  12. Slide 12: Overview of Business Segments

    Overview of Business Segments The Bank offers a comprehensive range of Shari’a-compliant products and services in corporate banking, retail banking, investment banking & financial institutions and treasury Overview of Business Segments Corporate Banking Retail Banking  Operates a full service corpo

  13. Slide 13: Table of Contents

    Table of Contents Section 1 Overview of Noor Bank 4 Section 2 Business Overview 15 Section 3 Financial Performance 14 Appendix 1 Operating Environment 23 Appendix 2 Financials 27 13

  14. Slide 14: Snapshot of Financial Performance

    Snapshot of Financial Performance Strong balance sheet and operating profit growth with improving credit quality CAGR USD Mn (unless otherwise stated) 2013 2014 2015 2016 2017 vs.2013 Balance Sheet Items  The Bank continues to grow faster than Cash and Balances with CBUAE 951 924 2,027 919 1,246 7.

  15. Slide 15: Well Managed Growth

    Well Managed Growth While Noor Bank has experienced strong growth, considerably higher than its industry peers, it has maintained a conservative and prudent attitude towards risk Asset & Deposit Growth Noor Bank has achieved one of the highest growth in its assets over the last few years, as a resul

  16. Slide 16: Stable Deposit Base and Strong Credit Quality

    Stable Deposit Base and Strong Credit Quality Relative to UAE banks, Noor Bank enjoys a stable deposit base with improving impaired financing and coverage ratio Deposit Stability (CASA as % of Deposits) Impaired Financing Ratio (%) High percentage of CASA deposits, demonstrating a stable and “sticky

  17. Slide 17: Operating Performance and Profitability

    Operating Performance and Profitability The Bank has continued to report strong operating income while improving its operating efficiency Profitability (USD Mn) Components of Operating Income (USD Mn) Total Operating Income Net Profit Net Income from Islamic Financing & Sukuk Fees & Other Income (Ne

  18. Slide 18: Asset Quality

    Asset Quality Robust and improving asset quality on the back of a prudent risk policy Non-Performing Financings (USD Mn) Strong Coverage Levels (USD Mn) Impaired Financings Impaired Financing Ratios Allowance for Impairment Impairment Coverage Ratio 151.1% 9.5% 7.3% 122.8% 112.9% 105.5% 95.0% 5.1% 4

  19. Slide 19: Funding Overview

    Funding Overview Noor Bank maintains a strong and stable liquidity funding position Customer Deposits (USD Mn) Breakdown of Deposits Term Deposits CASA¹ Customer Deposits Financings to Deposits 87.0% 90.5% 32% 76.9% 75.6% 72.2% 51% 51% 65% 61% 68% 49% 49% 35% 39% 5,082 6,494 8,744 8,114 8,257 2013 2

  20. Slide 20: Capitalisation

    Capitalisation Regulatory Capital Base (USD Mn) Overview of Capitalisation (%) CET 1 Ratio [Regulatory Minimum: 8.25%]* Tier 1 Ratio [Regulatory Minimum: 9.75%]* 1,666 Capital Adequacy Ratio [Regulatory Minimum:11.75%]* 1,515 17.6% 18.1% 17.3% 17.9%* 1,151 1,051 14.6% 15.2% 13.9% 839 * 16.8% 12.2% 1

  21. Slide 21: Closing Remarks

    Closing Remarks Strategic UAE Shareholding Economy - resilient, diversified and strong regulatory support Well positioned for growth with Islamic banking being one of the fastest growing sectors Refreshed Strategy New Board and Management Team 21

  22. Slide 22: Table of Contents

    Table of Contents Section 1 Overview of Noor Bank 4 Section 2 Business Overview 15 Section 3 Financial Performance 19 Appendix 1 Operating Environment 23 Appendix 2 Financials 27 22

  23. Slide 23: Overview of the United Arab Emirates

    Overview of the United Arab Emirates Snapshot of the UAE UAE GDP Composition  The United Arab Emirates (rated Aa2 by Moody’s) comprises seven For the Full-Year ended 31 December 2016 Emirates with Abu Dhabi and Dubai being the largest contributors to its gross domestic product (“GDP”). 10% 17% Mini

  24. Slide 24: Overview of Dubai

    Overview of Dubai Snapshot of Dubai Foreign Trade (USD Bn)  The Emirate of Dubai is the second largest Emirate in the UAE after the 148 156 137 140 146 Emirate of Abu Dhabi. Dubai is situated on the west coast of the UAE in the 120 120 99 south-western part of the Arabian Gulf. 87 70 83 82 74 78 80

  25. Slide 25: Overview of UAE Banking Sector

    Overview of UAE Banking Sector Snapshot of the UAE Banking Sector Key Industry Indicators (USD Bn)  The UAE banking industry, which is the largest banking industry in the GCC, comprises of 22 2013 2014 2015 2016 2017 domestic banks and 26 foreign banks.  The industry is regulated by the UAE Centra

  26. Slide 26: Table of Contents

    Table of Contents Section 1 Overview of Noor Bank 3 Section 2 Business Overview 15 Section 3 Financial Performance 19 Appendix 1 Operating Environment 23 Appendix 2 Financials 27 26

  27. Slide 27: Statement of Financial Position

    Statement of Financial Position USD Mn 2013 2014 2015 2016 2017 Cash and Balances with UAE Central Bank 951 924 2,027 919 1,246 Due from banks 637 815 1,252 1,504 1,329 Investments in Islamic financing instruments 3,906 4,911 6,318 7,056 7,473 Investments in Islamic Sukuk 493 785 665 1,104 1,015 Inv

  28. Slide 28: Income Statement

    Income Statement USD Mn 2013 2014 2015 2016 2017 Income from Islamic financing and Sukuk 185 244 308 367 420 Depositors' share of profit (74) (65) (66) (94) (106) Net income from Islamic financing 111 179 242 273 314 Fee and other income, net of charges 57 81 139 171 203 Gain on investments in Islam

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