Commercial Bank (Q.S.C.) · QSE:CBQK

Commercial Bank (Q.S.C.) — Commercial Bank of Qatar — H1 2011 Earnings Presentation

19 slides from Commercial Bank (Q.S.C.)'s earnings presentation, Jul 28, 2011

  1. Slide 1: Commercial Bank of Qatar Financial Results 2011 Half-Year

    Commercial Bank of Qatar Financial Results 2011 Half-Year 28 July 2011

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This document contains certain forward-looking statements with respect to certain plans and current goals and expectations of Commercialbank and its associated companies relating to their future financial condition and performance. These forward-looking statements do not r

  3. Slide 3: Financial Performance, Business Performance, Outlook

    Financial Performance Business Performance Outlook 3

  4. Slide 4: Key Highlights

    Key Highlights Key Highlights of first half 2011 performance Net profit (QR million) 1,702 1,635  Strategy being delivered; broadening of domestic franchise with 1,524 1,391 positive underlying trends in performance 956  Strong earnings momentum as strategic transformation delivers 818  Net profi

  5. Slide 5: Business Performance

    Key Highlights Business Performance Outlook 5

  6. Slide 6: Financial Performance – H1 2011

    Financial Performance – H1 2011 Profitability Balance Sheet QR Million H1 2011 H1 2010 % QR Million H1 2011 H1 2010 % Net interest income 861 801 8% Total Assets 67,719 57,363 18% Non-interest income 553 442 25% Loans & Advances 39,788 33,347 19% Total costs 423 384 10% Financial Investments 12,696

  7. Slide 7: Earnings Performance – H1 2011

    Earnings Performance – H1 2011 Comments Net interest margin (1) 3.7% 3.7% 3.6%  Net interest income at QR 861m, up 8% v H110 3.4%  Net interest margin down slightly to 3.6% from 3.7% 2.9% 3.0%  Non-interest income up QR 111m in H111 to QR 553m v H110  Increased fee income, up 7%  Higher investm

  8. Slide 8: Balance Sheet Structure – 30 June 2011

    Balance Sheet Structure – 30 June 2011 Comments Assets mix Others Investment in Associates  Total assets increased to QR 67.7bn, up QR 10.4bn v H110 and up Securities Liquid Assets QR 5.2bn v FY10 Loans 67.7  Increase in lending of QR 6.2bn v FY10, up 19% 3% 62.5 61.5  Increase in Investments of

  9. Slide 9: Loan Book Breakdown – 30 June 2011

    Loan Book Breakdown – 30 June 2011 Comments Loan book breakdown by division – 30 June 2011 Islamic  Loans to customers were QR 39.8bn at H111, up 19% v H110 and 8% FY10; 2011 growth in  Private and Public Sectors Retail 17%  Mainly four industry sectors: Government and semi- government, Consumpti

  10. Slide 10: Asset Quality – 30 June 2011

    Asset Quality – 30 June 2011 Comments Specific loan coverage ratio (1) 99.7%  Provision for Loan Loss was QR 88m in H111 v QR 61m in H110 98.9%  QR 35m in Q211 v QR 53m in Q111 96.8%  Comprising QR 62m for Corporate, QR 20m for Retail and 93.6% QR 6m for Islamic 90.7%  NPL ratio reduced to 2.99%

  11. Slide 11: Investment Portfolio – 30 June 2011

    Investment Portfolio – 30 June 2011 Comments Investment portfolio as at 30 June 2011 Investment Other Debt Equities Unlisted  Investment portfolio grew to QR 12.7bn, from QR 10.0bn at FY10 Funds Securities 3% Equities Unlisted other  81% Qatar Government bonds and QCB CDs Bonds 4% 6% 3% 3%  Qatar

  12. Slide 12: Funding Breakdown – 30 June 2011

    Funding Breakdown – 30 June 2011 Comments Total funding mix – 30 June 2011  Customers’ deposits increased QR 1.5bn to QR 34.7bn v FY10 Customer Deposits 2% 2% 2%  Well diversified funding mix with total deposits at 51% Total Shareholders' Equity 16%  Stable wholesale funding represents 16% of fun

  13. Slide 13: Deposits Breakdown – 30 June 2011

    Deposits Breakdown – 30 June 2011 Comments Customers’ deposits (QR million) – 30 June 2011 Unrestricted Investment Deposit Owners' Equity  Customers’ deposits increased 4% to QR 34.7bn v FY10 Islamic Branches - Current Deposits Time Deposits  Demand and call up QR 2.6bn to QR 10.4bn Savings Deposi

  14. Slide 14: Strong Capitalisation – 30 June 2011

    Strong Capitalisation – 30 June 2011 Comments Shareholders’ equity (QR million)  Total shareholders’ equity at QR 13.5bn, up QR 1bn from 31 13,480 12,010 12,500 December 2010, due to 11,554  Capital injection from Qatar Holdings (QH) of QR 1.6bn 9,978  H111 profit of QR 956m; reduced by 6,228  D

  15. Slide 15: Outlook

    Key Highlights Financial Performance Outlook 15

  16. Slide 16: Divisional Performance – H1 2011

    Divisional Performance – H1 2011 Corporate Islamic  Net operating income was QR 989m v QR 943m in H110  Net operating income was QR 76m v QR 49m in H110  Net interest income up 5% at QR 702m  Provisions for loan loss of QR 6m in H111  Other income up 5% to QR 287m  Islamic banking net profit o

  17. Slide 17: Associates’ Performance – H1 2011

    Associates’ Performance – H1 2011 National Bank of Oman (NBO) NBO performance Operating Income RO million  NBO delivered improved earnings with net profit after tax at RO 88 Profit 82 17.1m v RO 14.6m in H110 78  Operating income up 12% to RO 45.7m v RO 40.7m in H110 65  Net interest income incre

  18. Slide 18: Outlook

    Key Highlights Financial Performance Business Performance 18

  19. Slide 19: Outlook

    Outlook Comments State of Qatar 2011 – 2012 budget Spending Surplus Revenue First half 2011  Encouraging start to the year further developed in Q2  Strong growth in lending and income 162.5 •41% Infrastructure  Positive underlying trends 127.5 •QR 19.3bn Economy and Opportunities 22.3 Education 9

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