Commercial International Bank - Egypt (cib) S.a.e. · EGX:COMI
Commercial International Bank - Egypt (cib) S.a.e — Commercial International Bank - Egypt (CIB) — FY2017 Earnings Presentation
30 slides from Commercial International Bank - Egypt (cib) S.a.e's earnings presentation, 2018
Slide 1: Investor Relations Presentation Year-end 2017
INVESTOR RELATIONS presentation Year-end 2017
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made or distributed, or by reading the presentation slides, you agree with the following limitations: • The information in this presentation may contain future projections and forward‐looking statements that reflect the bank’s current vi
Slide 3: Egypt's Fact Sheet
Egypt’s Fact Sheet Overview About CIB Financial Review Conclusion DIVERSIFIED ECONOMY¹ COUNTRY PROFILE Name: Arab Republic of Egypt Industrial (27.71%) Capital: Cairo Agriculture (11.30%) Currency: Egyptian Pound (EGP) Trade (11.15%) Total area: c.1,002,000 sqm.km Construction (7.90%) Inhibited area
Slide 4: Macro-Environment
Macro-Environment Overview About CIB Financial Review Conclusion Reform-led boom MANAGEABLE DEBT Net International Reserve: $36.7bn (Oct’17) Global financial crisis Current A/C balance: $-2,396.4mn¹ 8.0% 7.2% 7.1% LT external debt: $66.7bn¹ 7.0% ST external debt: $12.3bn¹ 6.0% 5.1% c.80% of debt in
Slide 5: Egypt's Banking Sector
Egypt’s Banking Sector Overview About CIB Financial Review Conclusion 1,415 3,176 49% 49% 46% 44% 937 2,123 41% 41% 714 1,740 584 1,434 503 545 1,191 471 965 1,027 10/11 11/12 12/13 13/14 14/15 15/16 Sep-17 10/11 11/12 12/13 13/14 14/15 15/16 Sep-17 10/11 11/12 12/13 13/14 14/15 15/16 Total loans (E
Slide 6: Egypt's Banking Sector (Cont'd)
Egypt’s Banking Sector (Cont’d) Overview About CIB Financial Review Conclusion Jun-17 4,009 Jun-17 10,701 Jun-17 68,630 15/16 3,882 15/16 9,031 15/16 64,349 14/15 3,766 14/15 7,855 14/15 55,876 13/14 3,710 13/14 6,870 13/14 51,384 12/13 3,651 12/13 6,283 12/13 45,716 11/12 3,610 11/12 5,489 11/12 40
Slide 7: The Challenges
The Challenges Overview About CIB Financial Review Conclusion Budget deficit1 12.5% of GDP in FY 15/16 and a budgeted deficit of 9.8% for FY 16/17 High Inflation2 Headline CPI reached 30.9% in March 2017 Competitiveness index3 Ranked 115/138 in 2016-2017 Global Competitiveness Index Ease of doing bu
Slide 8: Why Egypt?
Why Egypt? Overview About CIB Financial Review Conclusion ECONOMIC ENVIRONMENT ATTRACTS INVESTMENTS Among the most diverse in the MENA region Approved IMF Loan signaling a tremendous confidence boost in Egypt's ability to release New Suez Canal its economic potential in a sustainable way New Cairo A
Slide 9: CIB at a Glance
CIB at a Glance Overview About CIB Financial Review Conclusion International Consortium RW led IPO raising US$ consortium Actis Sold Chase National Rating by S&P led by 2.6% in open Bank established 115mn; 150% Ripplewood; divested half its and Fitch: market in oversubscribed acquired NBE holdings B
Slide 10: CIB's Key Milestones
CIB’s Key Milestones Overview About CIB Financial Review Conclusion 1975 1977 1987 1989 First joint venture First private sector Following Chase CIB has been selected bank in Egypt; bank to create a Manhattan divesture by the IATA to act as the Chase National dedicated division due to a shift in the
Slide 11: CIB's Key Milestones (Cont'd)
CIB’s Key Milestones (Cont’d) Overview About CIB Financial Review Conclusion 2001 2005 2006 2009 First Egyptian bank to Only bank in Egypt First bank in Egypt Only Egyptian bank register on NYSE; to be awarded JP to execute EGP 200 recognized as ‘Best Bank in ADR Level 1 Morgan Quality mn R’epo Egyp
Slide 12: CIB's Key Milestones (Cont'd)
CIB’s Key Milestones (Cont’d) Overview About CIB Financial Review Conclusion 2015 First Egyptian bank to successfully pass external quality assurance on Internal Audit function First bank in Egypt to recognize conduct risk and establish a framework for it, despite the lack of regulatory requirement
Slide 13: CIB's Associates
CIB’s Associates Overview About CIB Financial Review Conclusion Ownership: 32.5% Profile: Offers a full suite of security services; o Private security, o Premises protection, o Cash-in-Transit (CIT), o Electronic security system solutions, o General and facility management services, o Touristic and
Slide 14: Lines of Business
Lines of Business Overview About CIB Financial Review Conclusion INSTITUTIONAL BANKING CONSUMER BANKING Market leader The take-off for a world class consumer Profile Prime contributor to profitability banking franchise • Large and medium-size corporates (MNCs, institutions and banks) • Retail custom
Slide 15: Business Banking
Business Banking Overview About CIB Financial Review Conclusion Serves SMEs and non-borrowing Corporates through a comprehensive range of financial solutions. Covers all sectors and industries through over 100 highly trained Relationship Managers across Egypt. 2010 2011 2012 2013 2014 2015 2016 2017
Slide 16: Our Stock in a Nutshell
Our Stock in a Nutshell Overview About CIB Financial Review Conclusion STOCK EXCHANGES TICKER SHARE INFORMATION 52 WEEKS* Listed Egyptian Stock Exchange (EGX) COMI Shares outstanding 1,161,801,100 PERFORMANCE Listed London Stock Exchange (LSE) CBKD Par value EGP 10.00 High EGP 88.80 Traded OTCQX Int
Slide 17: Shareholding Structure
Shareholding Structure Overview About CIB Financial Review Conclusion FREE FLOAT BY REGION North America (57.88%) Africa (14.52%) GCC (11.76%) UK & Ireland (5.85%) Continental Europe (5.66%) Free Float (93.4%) Rest of the World (4.32%) Fairfax (6.6%)* FREE FLOAT BY CATEGORY Institutions (91.82%) Ind
Slide 18: Our Presence in Egypt
Our Presence in Egypt Overview About CIB Financial Review Conclusion DISTRIBUTION NETWORK DIGITAL BANKING INITIATIVES 196 Total Branches and Units Reached 20.5k Careem drivers enrolled to Smart wallet platform – 116 Cairo Launched a pilot phase with Fawry Plus in which 1.1 K wallets were DIGITAL BAN
Slide 19: Corporate Governance
Corporate Governance Overview About CIB Financial Review Conclusion COMMITMENT TO SOUND CORPORATE GOVERNANCE PRACTICES CONTINUES TO DEFINE CIB This commitment is supported by several mandates: Internal policies, risk controls, and manuals have been put in place to ensure that all business aspects ar
Slide 20: Board of Directors
Board of Directors Overview About CIB Financial Review Conclusion The Board and its committees are governed by well-defined CIB’s Board consists of 7 members, 5 are non- charters that sets out its responsibilities and composition executive* requirements HISHAM EZZ Al-ARAB The Board is supported by i
Slide 21: Our Strategy
Our Strategy Overview About CIB Financial Review Conclusion TODAY TOMORROW • Positioned as trade finance hub for Egypt & Africa Financial Quality loan growth, with Deposit growth, • Focus on SMEs & underpenetrated retail banking Performance focus on increasing Transactional specially from segment Dr
Slide 22: Business Continuity Management & Information Security
Business Continuity Management & Information Security Overview About CIB Financial Review Conclusion Pioneer in implementing international standards and best INITIATIVES practices; established in 2010; ahead of all major players in the CIB continues to invest in further market improving its business
Slide 23: Awards and Recognition
Awards and Recognition 2017 + Best Trade Finance Provider in Egypt - by Global Finance + Best Treasury & Cash Management Providers in Egypt - by Global Finance * Best Foreign Exchange Provider in Egypt - By Global Finance + Best Bank in Egypt 2017 - by Global Finance + Best Bank in Egypt - By Euromo
Slide 24: Performance Snapshot: 31 December 2017
Performance Snapshot: 31 December 2017 Overview About CIB Financial Review Conclusion TOTAL ASSETS NET LOANS CUSTOMER DEPOSITS SHAREHOLDERS’ EQUITY EGP 294,782 mn EGP 88,428 mn EGP 250,723 mn EGP 28,439 mn Dec.’16: EGP 267,544 mn; Dec.’16: EGP 85,384 mn; Dec.’16: EGP 231,741 mn; Dec.’16: EGP 21,374
Slide 25: Funding Overview
Funding Overview Overview About CIB Financial Review Conclusion FUNDING STRUCTURE Due to Customers (94.14%) Other Liabilities (3.78%) CUSTOMER DEPOSIT MIX Long-Term Loans (1.38%) Due to Banks (0.71%) Demand (28.89%) CDs (28.11%) Savings (21.17%) TDs (19.92%) Other (1.90%) CIB’s funding structure has
Slide 26: 10-Year Performance Summary
10-Year Performance Summary Overview About CIB Financial Review Conclusion 55.5% 57.0% 43.2% 2.92% 2.93% 2.94% 2.95% 53.8% 53.2% 36.9% 2.89% 50.0% 2.62% 2.51% 2.71% 2.69% 35.3% 2.03% 40.0% 231.7 36.6% 250.7 294,782 155.2 122.0 267,544 96.8 63.4 71.5 78.7 179,500 48.9 54.8 143,813 26.3 57,462 64,255
Slide 27: Position Among Peers
Position Among Peers Overview About CIB Financial Review Conclusion TOTAL ASSETS (EGP bn) NET INCOME (EGP mn) GROSS LOANS/DEPOSITS CAE 47 CAE 1,504 CIB 41.1% Alex 74 Alex 1,942 HSBC 45.7% HSBC 87 AAIB 3,239 CAE 47.3% AAIB 196 HSBC 3,354 Alex 55.7% QNBA 201 QNBA 4,066 AAIB 56.6% CIB 283 CIB 5,689 QNB
Slide 28: Market Share
Market Share Overview About CIB Financial Review Conclusion 8.52% 8.58% 8.52% 8.45% 8.54% 8.57% 8.35% 8.45% 8.40% 8.36% 8.32% 8.25% 8.28% 8.27% 8.43% 8.37% 8.12% 8.09% 8.06% 7.99% 7.80% 8.18% 8.22% 8.18% 7.95% 7.91% 7.84% 7.90% 7.67% 7.65% 7.75% 7.48% 7.51% 7.56% 7.56% 7.40% 7.32% 7.37% 7.23% 7.20%
Slide 29: Why CIB?
Why CIB? Overview About CIB Financial Review Conclusion PROFITABILITY Extremely skilled and experienced Management Team NPAT EGP 7,516mn Total revenues EGP 14,884mn Asset Quality Highly qualified Board of Directors NPL/Gross loans 6.95%* Direct Coverage Ratio 154%* LIQUIDITY Among the best Investor
Slide 30: Thank You!
Thank You! Overview About CIB Financial Review Conclusion For more information, please visit our website; www.cibeg.com To read about the projects that the CIB Foundation has helped support, and to know ways in which you can donate, please visit www.cibfoundationegypt.org Investor Relations contacts
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