Gulf Bank K.s.c. · KSE:GBK
Gulf Bank K.s.c — Gulf Bank — H1 2019 Earnings Presentation
10 slides from Gulf Bank K.s.c's earnings presentation, Jul 11, 2019
Slide 1: Gulf Bank Investor Presentation H1-2019
Gulf Bank Investor Presentation H1-2019 11 July 2019
Slide 2: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE 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 N
Slide 3: Reported Net Profit of KD 24 million in H1-2019
Reported Net Profit of KD 24 million in H1-2019 60 57 50 48 14.1 +18% Q4 43 +12% 40 39 36 32 15.9 Q3 KD Million +10% 30 24.0 +10% 20 16.0 Q2 12.2 +10% 10 11.8 10.8 Q1 0 2013 2014 2015 2016 2017 2018 H1-19 3
Slide 4: Rated "A" by all four Credit Rating Agencies
Rated “A” by all four Credit Rating Agencies Rating 2018 Long Term Deposits A3 Outlook Positive Long Term IDR A+ Outlook Stable Issuer Credit Rating A- Outlook Stable Long Term Foreign Currency A+ Outlook Stable 4
Slide 5: Balance Sheet
Balance Sheet KD Millions 30-Jun-18 % of Total 30-Jun-19 % of Total 30-Jun-19 vs 30-Jun-18 ASSETS 1 Cash and cash equivalents 593 10% 848 14% 255 43% 2 Kuwait Government Bonds 481 8% 327 5% (154) -32% 3 CBK Bills 359 6% 284 5% (75) -21% 4 Deposits with banks and OFIs 111 2% 161 3% 50 45% 5 Liquid As
Slide 6: Income Statement (H1-19 vs H1-18)
Income Statement (H1-19 vs H1-18) % of Avg. % of Avg. % of Avg. KD Millions 2018 18 vs 17 H1-18 H1-19 H1-19 vs H-18 Assets Assets Assets 1 Interest Income 242.7 4.2% 37 118.7 4.2% 128.1 4.3% 9.4 2 Interest Expense (90.1) -1.5% (16) (41.9) -1.5% (53.7) -1.8% (11.8) 3 Net Interest Income 152.6 2.61% 2
Slide 7: Income Statement (Q2-19 vs Q1-19)
Income Statement (Q2-19 vs Q1-19) % of Avg. % of Avg. % of KD Millions 2018 18 vs 17 Q1-19 Q2-19 Q2-19 vs Q1-19 Assets Assets Avg. Assets 1 Interest Income 242.7 4.2% 37 63.7 4.4% 64.4 4.4% 0.7 2 Interest Expense (90.1) -1.5% (16) (26.2) -1.8% (27.5) -1.9% (1.3) 3 Net Interest Income 152.6 2.61% 20
Slide 8: Capital & Leverage Ratios
Capital & Leverage Ratios Tier 1 Capital Risk Weighted Assets (RWA) 15% 4,700 4,581 650 13.2% 13.1% 13% Minimum 4,500 Capital- KD Million 600 11% 12% 4,335 601 % of RWA 9% 4,300 KD Million 550 573 +5% 7% +6% 4,100 500 5% 450 3,900 3% 400 1% 3,700 30-Jun-18 30-Jun-19 3,500 Tier I Capital % 30-Jun-18
Slide 9: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio Net Stable Funding Ratio 340% 325% 326% 120% 112% 107% 290% Minimum 100% 100% 240% 80% 190% 60% 140% 40% Minimum 100% 20% 90% 30-Jun-18 30-Jun-19 Q2-18 Daily Average Q2-19 Daily Average 9
Slide 10: Q&A
Q&A 10