Allied Bank Limited · PSX:ABL
Allied Bank — 9M 2024 Earnings Presentation
23 slides from Allied Bank's earnings presentation, September 2024
Slide 1: Financial Presentation September 2024
Financial Presentation September 2024
Slide 2: Contents
Contents 10 Deposits at Glance 3-4 & Economic Highlights Digital Footprints & 11-12 Major Highlights Network Outreach 5-7 Balance Sheet Income Statement K13 Key Ratios 08 Investments Stock Market 14 Information Advances 09 & Asset Quality 15-20 Ratings / Annexures
Slide 3: ABL at Glance
BL at Glance ATMs : 1577 Subsidiary (100%Holding) On Site : 1330 ABL Asset Management Co. Off Site : 241 Ltd. MBU : 6 ABL Exchange (Private) Ltd. Rep Office : 2 Entity Credit UAE - Dubai Rating Long Term: AAA CHINA - Beijing Short Term: A1+ Corporate Overseas Governance Rating Branches : 2 Bahrain W
Slide 4: Economic Highlights
Economic Highlights Workers Remmittances- US$ Million 3,500 3,000 2,500 2,000 1,500 1,000 500 0 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 2024-25 2023-24 Export & Import- US$ Million TD Trade Deficit & Current Account CAD 7,000 - 800 6,000 (500) 600 5
Slide 5: Highlights Financial Position (Assets)
Highlights Financial Position (Assets) (Rs. in Billion) Net Advances 3,000 16% 300 Net Investments 200 2,500 Rs.848 2,000 11% 18 183 8% 66 12% 100 0 Rs.1,333 1,500 27 -100 2,624 1,000 2,329 -200 Net Advances -300 reached at Rs. 848 500 billion as on Sep 30, -400 Net Investments 2024; increased by -
Slide 6: Highlights Financial Position (Liabilities)
Highlights Financial Position (Liabilities) (Rs. in Billion) Deposits Total Equity 15% Rs.1,926 Rs.230 -8% 48% CASA Sep’24 Stood 250 41 at: 82%. Total Equity stood at 2,135 -32 2,394 Rs. 230 billion; Deposits aggregated increased by 18% to reach at Rs. 1,926 (Dec 2023: Rs. 194 billion; increased by
Slide 7: Highlights Income Statement
Highlights Income Statement Net Interest (Rs. in Million) Income Profit before Tax 11% Rs.90,157 Rs.70,115 16% 23% Net Interest Income -217% 18% (NII) stood at 3,674 6,053 Profit before Tax 28,662 9,172 35,691 Rs. 90,157 reached at million during the Rs. 70,115 million; -5,498 -5,261 nine months end
Slide 8: Investments
Investments (Rs. in Million) Investments Sep'24 Dec'23 Var. Growth Pakistan Investment Bonds 1,067,012 1,009,785 57,227 6% Market Treasury Bills 164,548 63,108 101,440 161% Listed and Unlisted Shares 10,450 13,331 (2,881) -22% TFCs, Bonds, Sukuks and Mutual Funds 76,924 80,681 (3,757) -5% Subsidiary
Slide 9: Advances & Asset Quality
Advances & Asset Quality NPLs (Rs. in Billion) Rs.12.9 Gross Advances • NPLs at Rs.12.9 billion (1%↓) Rs. 862 • NPL Ratio 1.50% (0.1%↓); • Industry Jun’24: 7.6% Gross advances • Specific NPL stood at Rs.862 Coverage 93.9% billion (8%↑) (0.7%↓) & (Industry Overall NPL advances;0.4%↓) Coverage at 107.
Slide 10: Deposits
Deposits (Rs. in Billion) Particulars Sep' 24 Dec' 23 Var (%) Market Share: 6% Current 725 706 3% Saving 860 717 20% Industry Growth: 13% Term 341 253 35% Total Deposits 1,926 1,677 15% ABL CASA Mix: 82% 1,926 1,677 1,522 1,413 1,217 1,585 985 1,049 805 883 1,423 735 1,189 1,201 515 608 611 1,062 40
Slide 11: Digital Channels Digital Footprints
Digital Channels myABL Registered WhatsApp Users Users 1.3 Million 2.0 Million Cards In Circulation Digital Digital Touchpoints 3.4 Million Footprints 23 Social Media Followers Digital Vs Counter Facebook 2.0 million Transaction Instagram 0.06 million Digital: 83% LinkedIn 0.4 million Counter: 17% T
Slide 12: Branches and Network Outreach
Islamic Sub Conventional Branches Branches Branches Branches 1352 140 06 1506 Shariah Compliant Conventional Sub Branches Total Branches Branches Branches Global Digital Presence Total ATMs Offsite ATMs Branches 02 1577 1330 Representative Office 14 Digital Total Automated Onsite Automated 02 Branch
Slide 13: Key Ratios
Key Ratios ROA ROE 1.78% 35.00% 29.40% 29.00% 2.00% 30.00% 1.50% 1.50% 25.00% 18.75% 18.41% 1.17% 16.24% 16.46% 1.00% 20.00% 0.96% 0.99% 1.00% 15.00% 10.00% 0.50% 5.00% 0.00% 0.00% 2019 2020 2021 2022 2023 Sep-24 2019 2020 2021 2022 2023 Sep-24 ROE ROA CAR Gross ADR 40.00% 32.43% 56.33% 60.00% 47.68
Slide 14: Stock Market Data
Stock Market Data Allied Bank Limited (ABL) Stock Price vs Market - Trend Pakistan Stock Exchange Code: ABL 120.0% Bloomberg Code: ABL PA 100.0% 80.0% Shares Outstanding (mln): 1,145.07 60.0% 40.0% Market Capitalization (Rs. bln): 127.103 20.0% Stock Price as at Sep 30, 2024: Rs.111.0 0.0% Sep-23 Oc
Slide 15: Corporate Governance & Ratings
Corporate Governance & Ratings Entity CGR Deposits Rating PACRA VIS Credit Rating Moody’s Company • AAA (Long Term) • CGR-9++ (Corporate Governance • Caa2/NP • A1+ (Short Term) Rating) • Outlook Stable, in line with • A very low expectation of • Very high level of corporate Stable outlook on the cre
Slide 16: Annexures
Annexures 01 Annexure A Statement of Financial Position - Standalone 02 Annexure B Statement of Financial Position - Consolidated 03 Annexure C Income Statement - Standalone 04 Annexure D Income Statement - Consolidated 16/23
Slide 17: Statement of Financial Position: Standalone
Statement of Financial Position : Standalone Rs. in Million US$ in Million ASSETS Growth Sept'24 Dec'23 Variance Sept'24 Dec'23 Variance Cash and Balances with Banks 174,840 158,592 16,248 630 571 59 10% Lending to FIs 11,462 9,418 2,044 41 34 7 22% Investments - net 1,333,149 1,150,318 182,831 4,80
Slide 18: Statement of Financial Position: Consolidated
Statement of Financial Position : Consolidated Rs. in Million US$ in Million ASSETS Growth Sep'24 Dec'23 Variance Sep'24 Dec'23 Variance Cash and Balances with Banks 174,785 158,580 16,205 629 571 58 10% Lending to FIs 11,462 9,418 2,044 41 34 7 22% Investments - net 1,337,298 1,154,597 182,701 4,81
Slide 19: Income Statement: Standalone
Income Statement : Standalone Rs. in Million US$ in Million Particulars Growth Sep'24 Sep'23 Variance Sep'24 Sep'23 Variance Mark-up and Interest Income 291,215 264,341 26,874 1,049 952 97 10% Mark-up and Interest Expensed 201,058 183,356 17,702 724 660 64 10% Net Mark-up and interest Income 90,157
Slide 20: Income Statement: Consolidated
Income Statement : Consolidated Rs. in Million US$ in Million Particulars Growth Sep'24 Sep'23 Variance Sep'24 Sep'23 Variance Mark-up and Interest Income 291,323 264,046 27,277 1,049 951 98 10% Mark-up and Interest Expensed 201,074 183,385 17,689 724 660 64 10% Net Mark-up and interest Income 90,24
Slide 21: Disclaimer
Disclaimer The information being presented herein is solely for your information. Except for the historical information, statements that describe the Bank’s objectives, plans or goals discussed in Investor Conference Call are forward looking statements. These forward looking statements involve a num
Slide 22: Contact Us
Contact Us Sikander Ali Khan Unit Head Strategic Planning, Finance +92-42-35880043 Investor.Relations@abl.com Ext: 32637
Slide 23: Thank You