Mcb Bank Limited · PSX:MCB

Mcb Bank — FY2008 Earnings Presentation

17 slides from Mcb Bank's earnings presentation, Mar 5, 2009

  1. Slide 1: MCB Bank Limited Full Year 2008 Results Presentation

    MCB Bank Limited FULL YEAR 2008 RESULTS PRESENTATION 5th March 2009

  2. Slide 2: 2008 Financial Highlights

    2008 Financial Highlights Consolidated Unconsolidated O (U) PKR O (U) % O (U) PKR O (U) % PKR mm 2008 2007 2007 2008 2007 2007 Net mark-up interest income 28,457 4,524 19% 28,483 4,562 19% Non-interest income 5,930 (584) (9%) 5,791 (657) (10%) Total Revenue 34,386 3,939 13% 34,275 3,905 13% Profit b

  3. Slide 3: Operating Highlights

    Operating Highlights O (U) PKR O (U) % Dec-07 Dec-08 Dec-07 Dec-07 Branches (Total) 1,026 1,047 21 2% Online Branches 669 836 167 25% Symbols Branches 227 663 436 192% No of active accounts 2.9 Mn 3.1 Mn 0.2 Mn 8% ATM 349 370 21 6% Virtual Banking Users 39,525 47,686 8,161 21% POS Machine 4,345 7,16

  4. Slide 4: MCB Business Performance & Key Events

    MCB Business Performance & Key Events 2008 Launched in Aug Launched in Nov Karachi, Lahore, Islamabad New branch sales model: Best Bank in Asia Over 400 PBA / DSCs Award (July) inducted Consumer 40 branches Commercial 56 branches Business cooperation with Maybank Core banking system Mobile banking –

  5. Slide 5: Review of 2008 Financials

    REVIEW OF 2008 FINANCIALS

  6. Slide 6: 2008 - Consolidated Income Statement

    2008 - Consolidated Income Statement O (U) PKR O (U) % PKR mm 2008 2007 2007 Mark-up Interest Earned 40,050 8,258 26% Mark-up Interest Expensed 11,593 3,734 48% Net mark-up / interest income 28,457 4,524 19% Non mark-up / interest income 5,930 (584) (9%) Total revenue 34,386 3,939 13% Total Provisio

  7. Slide 7: Non Interest Income

    Non Interest Income Fee, Brokerage and Commission Income O (U) PKR O (U) % PKR Mm FY08 FY07 FY07 ATM/ Debit Card/ Visa 538 149 38% Utility Bill 220 (23) (9%) Cash Management 189 58 45% Commission on bill/ LC/ Gaurantee 857 89 12% Commission on DD/ TT/ MT 194 (71) (27%) Others 881 (97) (10%) Total Fe

  8. Slide 8: 2008 Non Interest Expenses - Consolidated

    2008 Non Interest Expenses - Consolidated O (U) PKR O (U) % PKR Mm FY08 FY07 FY07 Admin Expenses Salary allowances 6,680 871 15% PF reversal (5,399) 370 (6%) Defined Plan and Provident Contribution 208 (210) -50% Rents, taxes, utiltiies 1,045 201 24% Communications 850 193 29% Repair & maintenance 5

  9. Slide 9: Deposit Base

    Deposit Base % Total O (U) PKR O (U) % PKR Bn Dec-08 Dec-08 Dec-07 Dec-07 Dec-07 Customers Fixed deposits 62 19% 11% 29 92% Savings deposits 151 46% 52% -1 0% Current deposits 105 32% 33% 9 10% Margin 3 1% 1% 1 21% Other 0 0% 0% 0 (87%) 321 97% 97% 39 14% Financial Institutions Remunerative 5 2% 3%

  10. Slide 10: Loan Portfolio

    Loan Portfolio O (U) PKR O (U) % Dec 08 PKR Bn Dec 08 % of Total Dec 07 Dec 07 Corporate 149 54% 47 46% Commercial 80 29% (6) (7%) Consumer 30 11% - 0% Islamic 5 2% - 0% Other 10 4% 3 43% Gross advances 273 100% 44 19% ADR (gross) % 83% 79% ADR (net) % 79% 75% System Growth (29th Dec 07 - 27th Dec 0

  11. Slide 11: Loan Portfolio By Sector

    Loan Portfolio By Sector O (U) PKR O (U) % % Total Advances Dec 08 Dec 07 Dec 07 Dec 08 Financial 10,491 (4,879) -32% 4% Power / utilities 48,481 33,643 227% 18% Textiles 35,241 (501) -1% 13% Transport, storage and communication 33,182 21,812 192% 12% Chemicals and pharma 13,931 5,870 73% 5% Cement

  12. Slide 12: Asset Quality

    Asset Quality O (U) PKR O (U) % PKR mm Dec 08 Dec 07 Dec 07 Dec 07 Gross loans 273,221 229,732 43,489 19% NPL 18,269 10,725 7,544 70% Total provision s 10,712 10,772 (60) (1%) NPL: Loans 6.69% 4.67% Provisions: NPLs 58.6% 100.4%

  13. Slide 13: Provisions

    Provisions PKR Mn 2008 Specific Provisioning o/b 7,327 Specific Provision charge to P&L 1,488 General Provision transferred to Specific Provisions (1) 2,477 Specific Provisions charge 3,965 Amounts written off (1,600) Exchange adjustments 204 Specific Provision c/b 9.896 Total provisions o/b 10,772

  14. Slide 14: Asset Quality By Sector

    Asset Quality By Sector Specific Non Performing Provision Advances NPL O (U) Coverage PKR Mm Dec 2008 PKR Dec 2008 Financial 2,094 2,041 6% Power / utilities 4 2 86% Textiles 2,921 1,642 79% Transport, storage, comm. 73 38 82% Chemicals and pharma 118 96 51% Cement 0 (0) 100% Sugar 388 367 35% Whole

  15. Slide 15: Capital Strength

    Capital Strength Dec-08 Dec-07 Total assets 445,286 412,901 Tier 1 Capital 52,493 45,067 Tier 2 Capital 580 6,371 Risk weighted assets 330,372 308,170 Tier 1 Capital Ratio 15.9% 14.6% Total Capital Adequacy 16.1% 16.7%

  16. Slide 16: Outlook For 2009

    Outlook For 2009 • Spreads • Interest rate environment • Credit spreads • Cost of deposits • Banking liquidity • NPLs and provisioning • Opex and Capex • Deposit market • Lending/ Advances

  17. Slide 17: Thank you & Question & Answer Session

    Thank you & Question & Answer Session

MCB Bank — FY2008 Earnings Presentation on 6ix