Dubai Islamic Bank Pjsc · DFM:DIB
Dubai Islamic Bank Pjsc — Noor Bank PJSC — Investor Presentation (December 2018)
28 slides from Dubai Islamic Bank Pjsc's investor presentation, December 2018
Slide 1: Investor Presentation
INVESTOR PRESENTATION As of 31 December 2018 © 2017 CONFIDENTIAL © 2018 CONFIDENTIAL 1
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 25 2
Slide 3: Overview of Noor Bank
Overview of Noor Bank Snapshot Financial Highlights Established by the Government of Dubai in 2007 and USD Mn 2013 2014 2015 2016 2017 2018 commenced operations in January 2008 Cash & Balances with UAE CB 951 924 2,027 919 1,246 1,872 Privately owned bank with a strategic shareholder base Islami
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
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,
Slide 6: Leading Internal Shari'ah Supervision Committee
Leading Internal Shari’ah Supervision Committee The Bank’s Internal Shari’ah Supervision Committee (ISSC), a separate and independent body that is appointed by the shareholders, comprises of leading Islamic scholars who have extensive experience and expertise in legal, financial and banking-related
Slide 7: Overview of Noor Bank's History
Overview of Noor Bank’s History 2018 2014 Noor Bank celebrates its 10th anniversary Bank rebranded as Noor Bank Mission, Vision and Values redefined 2008 2017 Issued 2nd tranche of USD 500Mn 5-year Official launch John Iossifidis 2011 The AED 770Mn Support Tier Sukuk oversubscribed 2.1
Slide 8: 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 25 8
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’ah compliant bank experiences Vision Mission To make a difference for the Empowering, enabling and better engaging with our employees Valu
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
Slide 11: Value Proposition
Value Proposition Diversified Earning Base Prominent Shareholders Strong Board, Experienced Consistent Profitability & Management and Progressive Stringent Cost Management Internal Shari’ah Supervision Committee Innovative Product Portfolio Prudent Risk Management with Strong Customer Relationships
Slide 12: Overview of Business Segments
Overview of Business Segments The Bank offers a comprehensive range of Shari’ah-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 corp
Slide 13: 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 25 13
Slide 14: Snapshot of Financial Performance
Snapshot of Financial Performance Strong Balance Sheet growth faster than the market, driving income growth CAGR USD Mn (unless otherwise stated) 2013 2014 2015 2016 2017 2018 vs.2013 Balance Sheet Items Strong performance in 2018 marked Cash and Balances with CBUAE 951 924 2,027 919 1,246 1,872 1
Slide 15: Well Managed Growth
Well Managed Growth Noor Bank has delivered strong growth, considerably higher than its industry peers, while maintaining a prudent risk management approach Asset & Deposit Growth Noor Bank has achieved one of the highest growth in its assets over the last few years, as a result of a focused growth
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 and strong credit quality with impaired financing and coverage ratios better than the industry average Deposit Stability (CASA as % of Deposits) Impaired Financing Ratio (%) High percentage of
Slide 17: Operating Performance and Profitability
Operating Performance and Profitability The Bank has continued to report strong profits while improving its operating efficiency Profitability (USD Mn) Components of Operating Income (USD Mn) Operating Income Operating Profit Net Income from Islamic Financing & Sukuk Fees & Other Income (Net of Char
Slide 18: Asset Quality
Asset Quality Robust and improving asset quality on the back of a prudent risk policy Impaired Financings (USD Mn) Strong Coverage Levels (USD Mn) Impaired Financings Impaired Financing Ratios Allowance for Impairment Impairment Coverage Ratio 151.7% 151.1% 9.5% 7.3% 122.8% 112.9% 105.5% 95.0% 5.1%
Slide 19: Funding Overview
Funding Overview Noor Bank maintains a strong and stable liquidity funding position Customer Deposits (USD Mn) Breakdown of Deposits Overview of Funding Mix (Dec’18) Sukuk Customer Deposits Financings to Deposits Term Deposits CASA¹ financing Other instruments liabilities 8% 90.5% 90.5% 7% 87.0% 32%
Slide 20: Capitalisation
Capitalisation Regulatory Capital Base (USD Mn) Overview of Capitalisation (%) CET 1 Ratio [Regulatory Min.: 8.875%]* Tier 1 Ratio [Regulatory Min.: 10.375%]* Capital Adequacy Ratio [Regulatory Min.:12.375%]* 1,666 1,727 1,515 18.1% 17.9% 17.60% 17.3% 16.0% 1,151 14.6% 15.2% 1,051 13.90% 12.2% 16.3%
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 Delivering Strong Board and Results Experienced Management Team 21
Slide 22: 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 25 22
Slide 23: 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 2018 domestic banks and 26 foreign banks. The industry is regulated by the UAE C
Slide 24: 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 25 24
Slide 25: Statement of Financial Position
Statement of Financial Position USD Mn 2013 2014 2015 2016 2017 2018 Cash and Balances with UAE Central Bank 951 924 2,027 919 1,246 1,872 Due from banks 637 815 1,252 1,504 1,329 805 Investments in Islamic financing instruments 3,906 4,911 6,318 7,056 7,473 8,712 Investments in Sukuk 493 785 665 1,
Slide 26: Income Statement
Income Statement USD Mn 2013 2014 2015 2016 2017 2018 Income from Islamic financing and Sukuk 185 244 308 367 420 531 Depositors' share of profit (74) (65) (66) (94) (106) (193) Net income from Islamic financing 111 179 242 273 314 338 Fee and other income, net of charges 58 81 139 171 203 189 Gain
Slide 27: Thank You
Thank You 27
Slide 28: Disclaimer
Disclaimer IMPORTANT: The following applies to this document, the oral presentation of the information in this document by Noor Bank PJSC (“Noor Bank”) or any person on behalf of Noor Bank, and any question- and-answer session that follows the oral presentation (collectively, the “Information”). In
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