Bank of Khyber · PSX:BOK
Bank of Khyber — The Bank of Khyber — H1 2024 Earnings Presentation
37 slides from Bank of Khyber's earnings presentation, September 2024
Slide 1: Corporate Briefing Session 2024
CORPORATE BRIEFING SESSION 2024 For the half year ended June 30, 2024 September 2024 1
Slide 2: Key Elements of the Strategy
Key Elements of the Strategy Capacity building & strengthening of management team Diversification of the deposit base BOK has Improvement in portfolio quality embarked upon Focus on generating higher non-mark up income a transformation journey for long Expand branch network and focus on digital chan
Slide 3: Progress Review
© PROGRESS REVIEW -—mUcC it [J
Slide 4: Performance Highlights
(Rs. in Million) Performance Highlights Jun 24 vs. Jun 23 Description Jun 2023 Jun 2024 Variance Var % Profit Before Tax 3,066 3,445 379 12% Profit After Tax 1,689 1,532 (156) -9% EPS - in Rs. per share 1.46 1.32 (0.14) 4
Slide 5: YTD Profit & Loss Comparison Jun 2024 vs. Jun 2023
YTD Profit & Loss Comparison Jun 2024 vs. Jun 2023 (Rs. in Million) Description Jun 23 Jun 24 Variance Var % Mark-up/return/interest earned 24,778 33,768 8,991 36% Mark-up/return/interest expensed 18,801 26,196 (7,395) 39% Net Markup/Return/Interest Income 5,976 7,572 1,596 27% Non mark-up/interest
Slide 6: Statement of Financial Position – Jun 2024
Statement of Financial Position – Jun 2024 (Rs. in Million) Description Dec-23 Jun 24 Variance Variance% Cash and balances with treasury banks 23,896 28,512 4,616 19% Balances with other banks 3,960 6,836 2,876 73% Lendings to financial institutions 2,000 17,281 15,281 764% Investments 223,348 228,7
Slide 7: Re-profiling of the investment portfolio
Re-profiling of the INVESTMENT MIX (%) investment portfolio 34% 61% 62% 63% 17% PIBs - Floater PIBs - Fixed T-Bills 27% 12% Others 12% 12% 0% 0% 0% 22% 26% 26% 25% DEC 2022 DEC 2023 M AR 2 0 2 4 JUN 2024 7
Slide 8: Advances Analysis
Advances Analysis (Rs. in Million) Advances - Gross 109,703 -9% 99,851 Dec 23 Jun 24 8
Slide 9: Deposits Analysis
Deposits Analysis (Rs. in Million) Jun Dec Jun Growth (%) Description 2023 2023 2024 Jun 24 vs. Dec 23 Conventional 189,888 199,977 213,883 7% Islamic 84,656 89,315 104,527 17% Total 274,544 289,292 318,410 10% Conventional 69% 69% 67% Islamic 31% 31% 33% 9
Slide 10: Deposit Analysis
Deposit Analysis (Rs. in Million) 10% deposit growth since Dec 2023, which is higher than the Industry 10% 318,410 289,292 274,544 Jun 23 Dec 23 Jun 24 10
Slide 11: Deposit Analysis
Deposit Analysis (Rs. in Million) Govt. Deposits 0% Private Deposits 23% 86 29,032 164,351 164,437 153,972 124,940 Dec 23 Jun 24 Dec 23 Jun 24 CASA Current Deposits 25% 82% 22% 80,534 62,211 79% Dec 23 Jun 24 Dec 23 Jun 24 11
Slide 12: Capital Adequacy & Liquidity
Capital Adequacy & Liquidity Description Jun-23 Dec-23 Jun-24 CAR (Capital Adequacy Ratio) 14.12% 18.25% 19.75% LR (Leverage Ratio) 3.76% 4.33% 4.07% LCR (Liquidity Coverage Ratio) 186.13% 201.42% 213.38% NSFR (Net Stable Funding Ratio) 168.11% 180.98% 185.33% 12
Slide 13: Key Performance Indicators
Key Performance Indicators 13
Slide 14: KPIs
KPIs KPIs 2017 2018 2019 2020 2021 2022 2023 Jun 2024 Return on Net Assets - Annualized 11.4% 3.4% 10.1% 13.5% 6.4% 2.8% 19.0% 15.8% Return on Assets - Annualized 0.8% 0.2% 0.5% 0.7% 0.3% 0.1% 1.0% 0.8% Earnings Per Share (Rs.) 1.79 0.47 1.31 2.15 1.05 0.41 3.16 1.32 Cash Dividend Per Share (Rs.) 1.
Slide 15: KPIs
KPIs (Rs. in Million) Jun TOTAL BANK 2017 2018 2019 2020 2021 2022 2023 2024 Deposits 159,247 171,168 182,168 203,072 221,876 248,906 289,292 318,410 Government Deposits 94,244 106,326 113,521 113,802 133,872 141,125 164,351 164,437 Advances (gross) 87,673 99,167 113,976 134,907 131,166 134,913 109,
Slide 16: Strengthened Management Team
Strengthened Management Team Chief Financial Officer / CEO (A) Irfan Saleem Awan (Joined in 2021) Group Head Treasury & Investment Banking (Acting) Noor Muhammad Habib (Elevated in 2024) Group Head Operations & Support (Acting) Shabbir Ahmed (Elevated in 2024) Group Head Conventional Banking Sher Mu
Slide 17: Branch Expansion
Branch Expansion 231 238 216 179 166 169 169 Expansion aims on improving the Bank’s deposit base and its composition. This will also support to 2017 2018 2019 2020 2021 2022 2023 improve Bank’s 2023 2023 2023 Plan 2024 outreach, and Province Conventional Islamic Total Total industry positioning in t
Slide 18: Bank’s Credit Ratings Maintained
Bank’s Credit Ratings Maintained Long term credit rating from PACRA in Jun 2024 (A+) Long term credit rating from VIS in Jun 2024 (A+) 18
Slide 19: Awards and Recognition
AWARDS AND RECOGNITION — ©@
Slide 20: Awards and Recognition
Awards and Recognition For the Bank’s Annual Report of 2022: • Earned international recognition – Certificate of Merit for year 2022 for the (Public Sector Banks Category) at South Asian Federation of Accountants. • Won Certificate of Merit in the Best Corporate Report Award for the year 2022 in “Ba
Slide 21: Digital Banking Initiatives
Launched in- Launched Performance Recently house Card Monitoring 3D-Secure Launched production Key Dashboard for new BOK for service Digital Contributions (BDOs) Digital App and cost efficiency ecommerce transactions Banking Initiatives Strategic Centralised ATM Establishment Alliances Launched with
Slide 22: Digital Banking Initiatives
DIGITAL BANKING INITIATIVES ROLLED OUT NEW INITIATIVES PLANNED NEW INITIATIVES (JAN23-JUN24) CALL CENTER – IN HOUSE MASTERCARD – DEBIT PLASTIC CARD CARD PRODUCTION – IN HOUSE VALUE ADDED SERVICES IN MOBILE BANKING APP WHATSAPP BANKING DIGITAL LENDING KUICKPAY BILL AGGREGATOR DARAZ &
Slide 23: Digital Users & Transactional Stats
DIGITAL USERS & TRANSACTIONAL STATS BOK DIGITAL USERS GROWTH 83,681 66,323 26% 105% 102% 32,790 80% 202% 16% 10,843 VALUE TRANSACTION 2021 2022 DEC-23 JUN-24 USERS AVG/MONTH No. of Transaction ('000) Value in ('Million) 71,944 73,833 2,163 1,951 221% 390% 674 329% 448% 14,689 157 2,680 2021 2022 202
Slide 24: Marketing
MARKETING Comparative Analysis 24
Slide 25: Launch of the new BoK Digital App & Digital Debit Mastercard
Launch of the new BoK Digital App & Digital Debit Mastercard Bank of Khyber (BoK) has officially launched the new BoK Digital App & the Digital Debit Mastercard. A strategic campaign has been launched promoting different aspects of the products and their features aimed at naturally building on our c
Slide 26: Sponsoring Influencer Content
Sponsoring Influencer Content Bank of Khyber (BoK) has sponsored Jamshed Burki on his journey across KP to showcase the beauty of the region. Through this sponsorship we will promote our branch network and access to our digital banking services wherever you are. 26
Slide 27: Recognizing National Talent
Recognizing National Talent Bank of Khyber (BoK) congratulated Arshad Nadeem for his Olympic Record in the Men’s Javelin Throw, Paris Olympics 2024 & sisters Mahnoor and Mahwish Ali for winning gold in the Australian Junior Open 2024 27
Slide 28: Pakistan Financial Literacy Week
Pakistan Financial Literacy Week Bank of Khyber (BoK), participated in Pakistan Financial Literacy Week (PFLW) and offered free information and resources on; Understanding financial products and services, Managing personal finances effectively, & Taking advantage of digital financial solutions. By p
Slide 29: MSME Week
MSME Week 2024 Bank of Khyber (BoK), participated in Micro, Small, and Medium Enterprises week through an event at it’s head office and a week- long social media campaign on their contributions to our economy. 29
Slide 30: International Women’s Day
International Women’s Day This International Women's Day, Bank of Khyber joined the global celebration of women's achievements. This International Women's Day we took the opportunity to celebrate our female employees, acknowledge their achievements, and commit to building a future where all can thri
Slide 31: Pakistan Day & 14 August
Pakistan Day & 14 August th Pakistan Day (March 23) & 14th August at Bank of Khyber (BoK) is not just about a national holiday. It is a way for us to connect with our audience. 31
Slide 32: Significant Days
Significant Days At Bank of Khyber (BoK), celebrating important days goes beyond simply marking the calendar. By celebrating important days, Bank of Khyber fosters a strong internal community, motivated employees, and a positive brand image – all key ingredients for continued success. 32
Slide 33: Impact on Social Media
IMPACT O N S O C I A L M E D I A 33
Slide 34: Follower Growth Across Social Media Channels
Facebook Twitter 122% 180172 5866 5901 302% 5373 108920 Follower Growth 77031 2661 Across Social Media 44819 Channels Dec 21 Dec 22 Dec 23 June 24 Dec 21 Dec 22 Dec 23 June 24 (Dec 21 – June 24) Instagram LinkedIn 32487 5375 507% 24982 1813% 3860 3362 15830 5353 281 *Twitter is not actively being ut
Slide 35: Social Media Overall Metrics
Age Breakdown Customer Affinities 49.5% • Banking, • Digital Wallet, • Online Payments, 17.2% 20% • Ecommerce, Social Media 4.2% 0.7% • Digital Banking, Loans Overall Metrics 1.5% 1.3% 0.3% 3.9% 0.1% 1.1% 0.2% • (Dec 21 – August 24*) Overall Gender Split Women Men Women Men Women Men Women Men Women
Slide 36: Disclaimer
Disclaimer The information being presented herein is exclusively for information and is not an offer or solicitation or an offer to buy any security or any investment/disinvestment decision. Except the historical information contained herein, certain statements in this presentation constitute ‘forwa
Slide 37: Thank You
THANK YOU 37