The National Bank Of Ras Al Khaimah · ADX:RAKBANK
The National Bank Of Ras Al Khaimah — Q1 2014 Earnings Presentation
14 slides from The National Bank Of Ras Al Khaimah's earnings presentation, 2014
Slide 1: RAKBANK Investor Relations Presentation Q1 2014
RAKBANK Investor Relations Presentation Q1 2014 The National Bank of Ras Al-Khaimah (P.S.C)
Slide 2: Snapshot of Ras Al Khaimah
Snapshot of Ras Al Khaimah • Situated less than one hour from Dubai, Ras Al Khaimah is the fourth largest of the seven UAE emirates and is ruled by His Highness Sheikh Saud Bin Saqr Al Qasimi. • Ras Al Khaimah’s strategic geographic location at the mouth of the Arabian Gulf places it at the crossroa
Slide 3: RAKBANK Overview
RAKBANK Overview The National Bank of Ras al Khaimah was Rating Deposits Financial Support founded in 1976. Agency Strength It underwent a major transformation in 2001 Baa1 / P-2 D+ - as it rebranded into RAKBANK. Focus was shifted from corporate banking to retail banking. BBB+ / F2 C 2 RAKBANK is l
Slide 4: Directors & Management
Directors & Management Shareholders Peter England CEO Peter England became the CEO of RAKBANK on 1st November 2013. Before joining RAKBANK, Peter spent seven years as the Head of Retail Banking at CIMB Bank Berhad – a subsidiary of CIMB Group, one of the largest banks in ASEAN where he managed CIMB
Slide 5: RAKBANK Culture
RAKBANK Culture We aim to be the retail bank of choice in the UAE through Banking Cornerstones: Awards: • Best Internet Banking Initiative award in the • We ensure providing our valued customers with Middle East at the 2014 Asian Banker Middle innovative and competitive financial products and servic
Slide 6: AMAL
AMAL In January 2013, RAKBANK established (AED millions) Q1 '14 FY '13 RAKBANK AMAL, its Islamic Banking Unit, Customer Advances 1,632 1,172 through an Islamic Banking Division and an Customer Deposits 2,306 1,964 Islamic Finance Company. The Islamic Finance Company (RAK Islamic Finance Company) was
Slide 7: Q1 2014 Summary Financials
Q1 2014 Summary Financials Income Statement (AED millions) Q1‘14 Q1‘13 Y-o-Y Q4‘13 Q-o-Q Q1 2014 financial results are Net Interest Income (inc. Islamic) 639 595 7.4% 638 0.2% consistent with guidance of lower Fee and Commission Income 150 130 15.4% 131 14.5% profits due to bad debt, with a key Inve
Slide 8: Asset Mix
Asset Mix (AED millions) Q1 '14 Q1 '13 Variance Y-o-Y Q4 '13 Variance Q-o-Q Total Loans & Advances 23,094 20,593 2,501 12.1% 22,419 675 3.0% Less: Advance EMIs 59 80 -21 -26.3% 64 -5 -7.8% Gross Loans 23,035 20,513 2,512 12.3% 22,355 680 3.0% Impairment Provisions (447) (320) (127) 39.7% (396) (51)
Slide 9: Key Financial Results Highlights
Key Financial Results Highlights Deposit Growth Q1 '14 Q1 '13 Variance Y-o-Y Q4 '13 Variance Q-o-Q (AED millions) Demand Deposits 16,147 13,020 3,127 24.0% 15,073 1,074 7.1% Time Deposits 7,369 7,401 -32 -0.4% 7,997 -628 -7.8% Total Deposits 23,516 20,421 3,095 15.2% 23,070 446 1.9% Earnings Trend 4
Slide 10: Key Ratios for Q1 2014
Key Ratios for Q1 2014 Percentage (%) Q1 '14 Q1 '13 Variance Y-o-Y FY '13 Variance Q-o-Q ROE* 21.4 26.4 -5.0 23.4 -2.0 Net Interest Margin* 8.4 8.2 0.2 8.6 -0.2 Cost to Revenue 43.6 42.9 0.7 43.8 -0.2 Gross Impaired Loans Ratio 2.4 2.4 - 2.4 0 ROA* 4.4 5.4 -1 5.0 -0.6 NPL Coverage Ratio 79.5 64.6 14
Slide 11: RAKBANK vs. Competitors (FY 2013)
RAKBANK vs. Competitors (FY 2013) ROE ROA ADCB ADCB CBD CBD ENBD ENBD FGB FGB MASHREQ MASHREQ NBAD NBAD RAKBANK RAKBANK 0% 5% 10% 15% 20% 25% 0% 1% 2% 3% 4% 5% 6% Net Loans to Customer Deposits Tier 1 Ratio ADCB ADCB CBD CBD ENBD ENBD FGB FGB MASHREQ MASHREQ NBAD NBAD RAKBANK RAKBANK 0% 20% 40% 60%
Slide 12: RAKBANK vs. Competitors (FY 2013)
RAKBANK vs. Competitors (FY 2013) Net Interest Margin Cost-to-Income ADCB ADCB CBD CBD ENBD ENBD FGB FGB MASHREQ MASHREQ NBAD NBAD RAKBANK RAKBANK 0% 2% 4% 6% 8% 10% 0% 10% 20% 30% 40% 50% Problem Loans to Gross Loans Net Profit in billions (AED) ADCB ADCB CBD CBD ENBD ENBD FGB FGB MASHREQ MASHREQ N
Slide 13: 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+ (S&P) MENA Status Senior Unsecured 8% Europe Format Regulation S only Pricing Date 17 June 2014 Asia 18% Settle
Slide 14: 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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