Gulf Bank K.S.C. · KSE:GBK
Gulf Bank K.S.C — Gulf Bank — Q3 2019 Earnings Presentation
10 slides from Gulf Bank K.S.C's earnings presentation, Oct 29, 2019
Slide 1: Gulf Bank Investor Presentation Earnings Call Q3-2019
Gulf Bank Investor Presentation Earnings Call Q3-2019 29 October 2019
Slide 2: Disclaimer
Disclaimer THE INFORMATION SET OUT IN THIS PRESENTATION AND PROVIDED IN THE DISCUSSION SUBSEQUENT THERETO DOES NOT CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO BUY OR SELL SECURITIES. IT IS SOLELY FOR USE AT AN INVESTOR PRESENTATION AND IS PROVIDED AS INFORMATION ONLY. THIS PRESENTATION DOES N
Slide 3: Reported Net Profit of KD 37 million for the nine months ending 30 Sep 2019
Reported Net Profit of KD 37 million for the nine months ending 30 Sep 2019 60 56.7 50 48 14.1 +18% Q4 43 40 39 37.1 +12% 36 32 15.9 KD Million Q3 30 13.2 +10% +10% 20 16.0 Q2 12.2 +10% 10 11.8 10.8 Q1 0 2013 2014 2015 2016 2017 2018 Q3-19 3
Slide 4: Rated "A" by all four Credit Rating Agencies
Rated “A” by all four Credit Rating Agencies Criteria Rating Long-Term Deposits A3 Outlook Positive Long-Term Issuer Default A+ Rating Outlook Stable Issuer Credit Rating A- Outlook Stable Long-Term Foreign Currency A+ Outlook Stable 4
Slide 5: Balance Sheet
Balance Sheet KD Millions 30-Sep-18 % of Total 30-Sep-19 % of Total 30-Sep-19 vs 30-Sep-18 ASSETS 1 Cash and cash equivalents 805 14% 1,055 17% 250 2 Kuwait Government Bonds 396 7% 252 4% (144) 3 CBK Bills 350 6% 279 5% (72) 4 Deposits with banks and OFIs 177 3% 118 2% (59) 5 Liquid Assets 1,729 29%
Slide 6: Income Statement (9M-19 vs 9M-18)
Income Statement (9M-19 vs 9M-18) KD Millions 2018 % of Avg. Assets 18 vs 17 9M-18 % of Avg. Assets 9M-19 % of Avg. Assets 9M -19 vs 9M -18 1 Interest Income 242.7 4.2% 37 180.4 4.2% 193.0 4.3% 12.5 7% 2 Interest Expense (90.1) -1.5% (16) (65.1) -1.5% (82.3) -1.8% (17.3) -27% 3 Net Interest Income 1
Slide 7: Income Statement (Q3-19 vs Q3-18)
Income Statement (Q3-19 vs Q3-18) % of Avg. % of % of Avg. Q2-19 vs Q1-19 Q3-19 vs Q2-19 KD Millions Q1-19 Q2-19 Q3-19 Assets Avg. Assets Assets Amt % Amt % 1 Interest Income 63.7 4.4% 64.4 4.4% 64.8 4.2% 0.7 1% 0.4 1% 2 Interest Expense (26.2) -1.8% (27.5) -1.9% (28.7) -1.9% (1.3) -5% (1.2) -4% 3 N
Slide 8: Capital & Leverage Ratios
Capital & Leverage Ratios Tier I Capital* Risk Weighted Assets 15% 4,700 4,597 650 13.3% 13.1% 13% Minimum 4,500 Capital- KD Million 600 11% 12% 4,300 601 % of RWA 9% 4,300 550 571 +7% KD Million +5% 7% 4,100 500 5% 450 3,900 3% 400 1% 3,700 30-Sep-18 30-Sep-19 3,500 Tier I Capital % 30-Sep-18 30-Se
Slide 9: Liquidity Ratios
Liquidity Ratios Liquidity Coverage Ratio Net Stable Funding Ratio 430% 388% 380% 140% 330% 304% 120% 120% 113% 280% Minimum 100% 100% 230% 80% 180% 60% 130% Minimum 100% 40% 80% Q3-18 Daily Average Q3-19 Daily Average 20% 30-Sep-18 30-Sep-19 9
Slide 10: Q&A Gulf Bank Investor Relations Team
Q&A Gulf Bank Investor Relations Team Tel : +965 22449501 Fax : +965 2243-7872 P.O. Box 3200, Safat, 13032 Kuwait [email protected] 10