Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q3 2013 Earnings Presentation
15 slides from Abu Dhabi Commercial Bank's earnings presentation, October 2013
Slide 1: Abu Dhabi Commercial Bank PJSC Q3'13 Earnings Presentation
Abu Dhabi Commercial Bank PJSC Q3’13 Earnings Presentation October 2013 1
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION IS NOT AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES NOT CONTAIN ALL OF THE INFORMATION THAT IS MATERIAL TO AN INVESTOR. BY ATTENDING THE PRESEN
Slide 3: September'13 highlights
September’13 highlights… Conservatively managed balance sheet Sustainable profitability AED mn Sep’13 Dec’12 Change % • Net loans declined by 2% on +47% +26% account of a repayment of a Net loans 120,220 123,195 (2) loan of USD 2 bn in late Investment securities 19,669 18,713 5 September 2,741 Total
Slide 4: NIM improvement underpinned by lower cost of funds
NIM improvement underpinned by lower cost of funds… Operating income (AED mn) Net interest income*(AED mn) 9M’13 vs. 9M’12 +4% +10% • Operating income up 10% 5,556 3,945 4,086 5,053 26% 1,340 1,262 1,259 1,461 1,366 • Net interest income 4% 22% higher, primarily driven by 34% reduction in interest 5
Slide 5: Improved cost to income ratio supported by top line growth
Improved cost to income ratio supported by top line growth… Cost to income ratio Operating expenses (AED mn) +7% 1,674 +14 % 1,559 119 33.1% 121 32.5% 604 539 30.9% 30.9% 565 591 30.1% 516 510 517 29.7% 41 38 40 42 40 28.4% 207 221 178 203 176 900 951 299 265 301 318 332 Q3'12 Q4'12 Q1'13 Q2'13 Q3'1
Slide 6: Disciplined balance sheet management
Disciplined balance sheet management… Composition of assets Gross loans & advances by type Highlights Sep’13 Total assets = AED 174,683 mn Dec’12 Sep’13 • Total assets at AED AED 129,659 mn AED 127,076 mn Cash and balances Deposits and 174,683 mn, 3% lower Fixed, other and with CB 6% Balances due fr
Slide 7: Customer loans
Customer loans… Gross loans by industry Evolution of loans, net (AED mn) Highlights Sep’13 123,195 120,220 • YTD gross customer loans Gross loans = AED 127,076 mn declined by AED 2.6 bn Development and 64,415 62,489 (2%) primarily on account construction 15% of a repayment of a loan of Real estate U
Slide 8: Continued growth in CASA deposits
Continued growth in CASA deposits… Composition of liabilities Deposits (AED mn) Dec’12 Sep’13 Evolution of deposits Composition of customer deposits (AED mn) by type Derivative financial Other liabilities 4% Derivative financial Other liabilities 3% instruments 3% instruments 3% 109,217 112,022 Dec’
Slide 9: Improving asset quality and higher provision coverage ratio
Improving asset quality and higher provision coverage ratio… NPL and provision coverage ratios* Cost of risk* 105.1% 94.2% 3.21% 82.2% 84.5% 2.61% 80.0% 1.73% 5.4% 5.4% 4.9% 1.20% 1.07% 4.6% 4.6% Dec'11 Dec'12 March'13 June'13 Sep'13 2009 2010 2011 2012 Sep'13 ■ NPL ratio Provision coverage ratio *
Slide 10: Strong capital base and liquidity
Strong capital base and liquidity… Capital adequacy ratio Tier I and core Tier I ratios Capital base (AED mn) 30,972 31,897 30,345 138 138 144 17.47% 15.90% 16.48% 7,726 23.05% 9,098 6,689 2.89% 22.51% 2.79% 2.91% 4,000 4,000 21.14% 4,000 14.58% 13.70% 12.99% 20,171 19,656 17,875 Dec'11 Dec'12 Sep'1
Slide 11: Summary
Summary • Double digit growth in operating income and net profit for the nine month period of 2013 • NIM improvement underpinned by lower cost of funds • Net loans declined primarily on account of a repayment of a loan of USD 2 bn, which significantly reduced concentration exposure • Continued growt
Slide 12: Appendix
ADCB< LONG LIVE AMBITION Appendix
Slide 13: Awards - 2013
Awards - 2013 “ISO 9001:2008 certification” “Best Bank in Payments and Collections” “Trade Finance Bank of the Year” Human Resources Development Award As recognition of the quality management in the Middle East region and Trade & Export Excellence Awards 2013 (CPI) in Emiratization in the banking in
Slide 14: Balance sheet
Balance sheet AED mn Sep’13 Dec’12 Variance % Cash and balances with Central Banks 10,553 9,338 13 Deposits and balances due from banks 14,447 16,517 (13) Loans and advances, net 120,220 123,195 (2) Derivative financial instruments 4,060 4,993 (19) Investment securities 20,341 19,355 5 Investment pr
Slide 15: Income statement
Income statement AED mn Sep’13 Sep’12 Change % Interest and income from Islamic financing 5,410 5,941 (9) Interest expense and profit distribution (1,324) (1,996) (34) Net interest and Islamic financing income 4,086 3,945 4 Net fees and commission income 751 726 3 Net trading income 409 249 64 Other
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