The National Bank Of Ras Al Khaimah · ADX:RAKBANK
The National Bank Of Ras Al Khaimah — H1 2014 Earnings Presentation
15 slides from The National Bank Of Ras Al Khaimah's earnings presentation, September 2014
Slide 1: RAKBANK Investor Relations Presentation H1 2014
RAKBANK Investor Relations Presentation H1 2014 The National Bank of Ras Al-Khaimah (P.S.C)
Slide 2: RAKBANK Profile
RAKBANK Profile Overview of RAKBANK Establishment Ownership Segments Strategy The National Bank of Ras al RAKBANK is listed on the Abu The Bank operates via 3 main Historically, the strategy focus Khaimah was founded in Dhabi Securities Exchange business divisions: Retail has been on the Retail and
Slide 3: Shareholders, Directors, & Management
Shareholders, Directors, & Management Board of Directors Ownership Structure (as of 4 September 2014) H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman The Government of Ras Al Khaimah UAE Citizens Foreign Ownership H.E. Shaikh Salim bin Sultan Al-Qasimi Member Mr. Hamad Abdulaziz Al Sagar Member 20.32%
Slide 4: Business Segments
Business Segments Retail Banking Financial Snapshot (30 June 2014) Loans by Nationality (as at 30 June) Customers by Nationality (30 June 2014) UAE Nationals Expats Indian UAE nationals Arab expats AED billions % of Total Other Filipino Pakistani Assets 23.0 67 28% 7% 6% Liabilities 20.2 72 12% 8% 5
Slide 5: H1 2014 Bank News
H1 2014 Bank News Issuance of USD 500 million Bond Intent to Acquire RAKNIC Successfully priced a 5-year USD 500 million bond The Bank announced its intent to obtain a majority issuance at 99.275% which pays an annual coupon stake in Ras Al Khaimah National Insurance of 3.250%, equivalent to 160
Slide 6: Balance Sheet Overview
Balance Sheet Overview Breakdown of Assets by Type (as at 30 June) Assets and Loans & Advances (AED billions) Cash and Balances with UAE Central Bank Due from other Banks Loans and Advances Investment Securities Total Assets Loans & Advances 40 Property and Equipment Other Assets 34.5 3% 1% 30.1 30
Slide 7: Asset Breakdown
Asset Breakdown As at 30 June 2014 Financial Snapshot Breakdown of Loans & Advances Loans by Geography Expat Personal Loans National Loans Dubai Ras Al Khaimah Abu Dhabi (AED H1 '14 H1 '13 Y-o-Y Q-o-Q Auto Loans Mortgage Loans millions) Sharjah Ajman Credit Cards RAKFinance Total Loans 23,931 21,240
Slide 8: Asset Quality
Asset Quality Non-Performing Loans (AED millions) Impaired Loans to Gross Loans & Advances Impaired Loans to Gross Loans & Advances 600 539.8 567.2 3.0% 516.5 474.1 500 2.53% 2.51% 411.5 2.46% 2.41% 400 2.5% 2.37% 300 200 2.0% 100 0 1.5% 2010 2011 2012 2013 H1 '14 2010 2011 2012 2013 H1 '14 Coverage
Slide 9: Liabilities
Liabilities Customer Deposits (AED billions) Liabilities Mix Time Current Savings Call Islamic Customer 30 5% 2% 25.5 Deposits 23.1 Equity 25 20.7 2.6 19% 18.3 2.0 1.7 20 16.4 0.9 1.0 Debt security 2.7 3.4 3.9 issued 0.7 0.5 1.9 15 0.9 Other 7.8 74% 5.3 6.3 9.6 10.7 Liabilities 10 5 9.6 9.3 9.2 7.1
Slide 10: Capitalization
Capitalization Equity Breakdown (AED billions) Capital Adequacy Share Capital Reserves Retained Earnings Tier 1 Ratio Total Capital Adequacy Ratio 14 40% 12 31.3% 28.7% 28.8% 29.0% 10 30% 25.5% 8 6.6 6.4 5.7 20% 24.0% 27.0% 6 4.8 1.5 1.3 3.8 1.2 4 1.2 0.8 3.0 3.4 3.4 10% 2 1.8 2.2 1.2 1.4 1.5 1.7 1.
Slide 11: Income Statement & Key Ratios
Income Statement & Key Ratios Income Statement as at 30 June (AED millions) H1 2014 H1 2013 Y-o-Y Q2 2014 Q1 2014 Q-o-Q Net Interest Income 1,257 1,192 5.5% 640 616 3.9% Net Income from Islamic financing 58 8 652.0% 35 23 54.5% Net interest income & Income from Islamic 1,315 1,200 9.6% 676 639 5.8%
Slide 12: Profitability
Profitability Profitability (AED billions) Cost-to-Income Ratio Total Operating Income Net Profit 4 45 44.3% 3.2 43.8% 2.9 44 43.6% 3 2.6 2.2 43.0% 2 1.7 43 42.5% 1.4 1.4 1.2 1.0 1 0.7 42 0 41 2010 2011 2012 2013 H1 '14 2010 2011 2012 2013 H1 '14 Annualized Returns Net Interest Margin ROE ROA 9 8.9%
Slide 13: Key Ratios Comparisons (31 December 2013)
Key Ratios Comparisons (31 December 2013) Capital Adequacy Ratio Net Interest Margin NPL Ratio 13.9% 29.0% 8.6% 10.1% 21.2% 19.6% 18.2% 19.0% 18.2% 17.5% 4.8% 6.0% 3.4% 3.7% 2.9% 4.1% 2.6% 3.2% 3.3% 2.1% 2.4% Return on Equity Return on Assets NPL Coverage 23.4% 110% 5.0% 105% 97% 91% 85% 15.5% 15.8%
Slide 14: USD 500 million Fixed Rate Note
USD 500 million Fixed Rate Note Transaction Summary Investors by Geography Issuer RAKFUNDING CAYMAN LTD Guarantor The National Bank of Ras Al-Khaimah Guarantor Rating Baa1 (Moody's) / BBB+ (Fitch) MENA Status Senior Unsecured 8% Europe Format Regulation S only Pricing Date 17 June 2014 Asia 18% Sett
Slide 15: 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
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