Abu Dhabi Commercial Bank · ADX:ADCB
Abu Dhabi Commercial Bank — Abu Dhabi Commercial Bank PJSC — Q2 2012 Earnings Presentation
16 slides from Abu Dhabi Commercial Bank's earnings presentation, 2012
Slide 1: Abu Dhabi Commercial Bank PJSC Earnings Presentation Q2'12
Abu Dhabi Commercial Bank PJSC Earnings Presentation Q2’12 1
Slide 2: Disclaimer
Disclaimer This document has been prepared by Abu Dhabi Commercial Bank PJSC (“ADCB”) for information purposes only. The information, statements and opinions contained in this presentation do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of an off
Slide 3: Key messages
Key messages • Strong operating performance, record revenues and operating profit in Q2’12 • Improved net interest margins • Improved cost to income ratio • Strategically managed balance sheet, sustainable customer deposit growth • Healthy capital position 3
Slide 4: Profitability driven by core banking revenues
Profitability driven by core banking revenues… Quarterly financials (AED million) Key messages QoQ % YTD% Balance sheet highlights June’12 Mar’12 Dec’11 Change Change Total assets 180,797 182,914 183,726 (1) (2) • Record revenues and operating profit for the Net loans and advances 123,463 123,866 12
Slide 5: Half-year results demonstrate strong operating performance
Half ‐ year results demonstrate strong operating performance… Half‐year financials (AED million) Key messages (Half year) YoY% Income statement highlights H1'12 H1'11 Change • Robust operating performance, strong top line growth, 2,578 1,961 31 revenues 22% higher and operating profit 31% higher Tot
Slide 6: Strategically managed balance sheet, diversified loan portfolio
Strategically managed balance sheet, diversified loan portfolio… Composition of assets (Jun’12) Split of the loan portfolio, gross (Jun’12) Evolution of net loans (AED mn) Fixed and Cash and 3% Development other assets balances with Deposists and balances due and 6% CB 4% from banks Investments¹ con
Slide 7: Diversified funding base, increasing customer deposits
Diversified funding base, increasing customer deposits… Composition of liabilities (Jun’12) Composition of customer deposits (Jun’12) Evolution of deposits (AED mn) By counterparty Derivative Other financial liabilities Government 15% Medium and instruments Due to Banks 6% 23% long term 3% 1% borrow
Slide 8: High quality capital base significantly above regulatory requirements
High quality capital base significantly above regulatory requirements… Capital position and risk weighted assets (AED bn) Capital adequacy ratio and Tier I ratio 138 135 138 141 22.5% 22.3% 31.0 31.4 17 4% 17.4% 24.1 16.7% 16.0% 22.6 9.1 8.9 15.9% 7.0 6.3 12.4% 12.0% 21.9 22.5 17.1 16.2 2009 2010 20
Slide 9: Record revenues for the quarter, improved cost of funds
Record revenues for the quarter, improved cost of funds… Net interest income* (AED mn) Evolution of yields 5.15% 4.99% 5.12% 5.20% 5.20% 4.83% 926 1,036 1,335 1,391 1,195 1,383 3.47% 3.60% 3.52% 2.80% 3.02% 2.69% 1,894 1,846 1,969 2,009 1,913 2,044 2.52% 2.31% 2.00% 1.85% 1.77% 1.86% (968) (810) (63
Slide 10: Improved cost to income ratio
Improved cost to income ratio… Cost to income ratio* Operating expenses (AED mn) 37.0% 427 560 528 548 506 537 987 1,042 87 81 34.0% 33.8% 361 31.7% 44 385 31.2% 30.4% 47 47 41 41 30.3% 31.0% 43 201 181 221 173 188 184 515 600 200 315 300 280 292 308 Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 H1'11 H1'12 Q
Slide 11: Asset quality
Asset quality…. NPL ratio and provision coverage ratio NPLs and impairment allowances (AED mn) 80.0% 86.3% 14,278 67.8% 69.6% Incl. Dubai World Excl. Dubai 6,749 exposure World Excl. Dubai 44.1% Incl. Dubai exposure World W ld World 11.1% exposure 6,242 exposure 6,296 6,098 6,086 6,025 5,712 1,643 4
Slide 12: Strong bottom line profitability reflected in increasing ROE and ROA
Strong bottom line profitability reflected in increasing ROE and ROA… Net profit evolution (AED mn) Return on equity and return on average assets ROE ROAA 1,335* 16.7% 15.4% 8.9%* 802 733 583 613 514 1.5% 1.56% 1.56% (0.34%) 0.14% 0.83%* Q1'11 Q2'11 Q3'11 Q4'11 Q1'12 Q2'12 (3.4%) 2009 2010 2011 June
Slide 13: Awards in Q2'12
Awards in Q2’12 “Human Resources Award in the “Best Woman Award in the “Best SME Account” “Best SME Trade Finance” for BusinessEdge Free Zone Platinum Account for Business Edge Trade 360 Banking & Financial Sector 2011” Banking & Financial Sector 2011 " by By By by Human Resources Development Commit
Slide 14: Appendix
SSL ecg gl Chip ADCB€ LONG LIVE AMBITION: Appendix 14
Slide 15: Group performance – balance sheet
Group performance – balance sheet AED mn June’12 Dec’11 Change (%) Cash and balances with Central Banks 6,710 6,630 1 Deposits and balances due from banks 16,801 20,840 (19) Loans and advances, net 123,463 124,755 (1) Derivative financial instruments 4,678 4,845 (3) Investment securities 18,316 15,0
Slide 16: Group performance - income statement
Group performance ‐ income statement AED mn H1’12 H1’11 Change (%) Interest and income from Islamic financing 3,956 3,739 6 Interest expense and profit distribution (1,378) (1,778) (22) Net interest and Islamic financing income 2,578 1,961 31 Net fees and commission income 519 510 2 Net trading inco
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