Bank Of Bahrain And Kuwait B.s.c. · BAHRAIN:BBK
Bank Of Bahrain And Kuwait B.s.c — Q3 2024 Earnings Presentation
11 slides from Bank Of Bahrain And Kuwait B.s.c's earnings presentation, Nov 11, 2024
Slide 1: Investors' Conference Call Q3 2024
Investors’ Conference Call Q3 2024 November 11, 2024
Slide 2: Economic Overview and Forecast
Economic Overview and Forecast • Global GDP is forecasted (by the IMF 2024) to remain stable at 3.2% for 2024 and 3.2% for 2025. With upgrades in growth in the United States offset by downgrades in other advances economies (notably in the Euro Area). • Global disinflation continues as headline infla
Slide 3: Corporate Highlights
Corporate Highlights • Mr. Yaser Alsharifi has been appointed as the Group Chief Executive (GCE) effective 18 August 2024. • BBK concludes its current corporate strategy plan in 2024. A new three-year strategy has been developed for (2025- 2027). • The Bank announced that it has completed its intern
Slide 4: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives BBK remains committed to the community’s different sectors: 1. Training & Education: • BBK Scholarship students, enrolled in their third year of study. • “Grow”, a 6-month program designed to help enhance the skills of Bahraini graduates to enter the job m
Slide 5: Financial Highlights
Financial Highlights 5 BBK Investors’ Conference Call – Q3 2024
Slide 6: Financial Performance – Q3 2024
Financial Performance – Q3 2024 -8% 33.3 30.7 - 15% 1% 19.5 17.6 17.5 16.5 95% 10.7 306 % 7.3 5.5 1.8 Net Interest Income Other Income Operating Net Provisions, taxes Net Profit Expenses and NCI In BD Millions Q3-2024 Q3-2023 6 BBK Investors’ Conference Call – Q3 2024
Slide 7: Financial Performance – YTD 30 September 2024
Financial Performance – YTD 30 September 2024 -5% 99.8 94.6 -6% 1% 56.5 51.2 50.5 53.0 74 % 26.8 110 % 15.4 17.2 8.2 Net Interest Income Other Income Operating Net Provisions, taxes Net Profit Expenses and NCI In BD Millions 30 Sep 2024 30 Sep 2023 7 BBK Investors’ Conference Call – Q3 2024
Slide 8: Financial Position – 30 September 2024
Financial Position – 30 September 2024 7% 4,180 3,902 16% 2,475 1% 2,130 1,605 1,588 -0.2% 610 611 Loans and advances Total assets Customer deposits Equity attributable to shareholders In BD Millions 30 Sep 2024 31 Dec 2023 9 BBK Investors’ Conference Call – Q3 2024
Slide 9: Key Performance Indicators
Key Performance Indicators Sep 2024 Dec 2023 Return on Average Equity* % 11.9 12.7 Profitability Return on Average Assets* % 1.8 1.9 Earnings per share* BHD 0.040 0.043 Cost/Income % 42.2 44.6 Specific Coverage Ratio % 64.5 68.7 Assets Quality ECL (Stage 1&2) Coverage Ratio % 1.8 2.3 Gross NPL/ Gross
Slide 10: Q&A
Q&A 10 BBK Investors’ Conference Call – Q3 2024
Slide 11: Thank you!
Thank you! 11 BBK Investors’ Conference Call 2023 BBK Investors’ Conference Call – Q3 2024
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