Commercial Bank (Q.S.C.) · QSE:CBQK
Commercial Bank (Q.S.C.) — Commercial Bank of Qatar — FY2008 Earnings Presentation
21 slides from Commercial Bank (Q.S.C.)'s earnings presentation, Feb 3, 2009
Slide 1: Commercial Bank of Qatar 2008 Financial Results
Commercial Bank of Qatar 2008 Financial Results 3rd February 2009
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
Slide 3: Contents
Contents Key Highlights Results Performance Capital and Liquidity Conclusions
Slide 4: FY 2008 Financial Highlights
FY 2008 Financial Highlights • Commercialbank achieved a record Net Profit of QR 1.7bn (+22.4%) based on strong performances in all core businesses and its affiliate banks ‐ Net profit impacted by provision for impairment on investment portfolio of QR 465m • Operating Income increased 42.5% from QR
Slide 5: FY 2008 Operational Highlights
FY 2008 Operational Highlights • Strong growth and record profit levels achieved due to the Bank’s strong domestic franchise and market position in Qatar, as well as emerging benefits from the regional banks alliance • Market share of deposits was 15.2% and lending 14.2% • The Bank continued its exp
Slide 6: Q4 2008 Highlights
Q4 2008 Highlights • Management g implemented p keyy measures duringg the fourth q quarter to p protect the Bank’s strong position during the global downturn; these measures impacted the P&L ‐ increased available liquidity through more expensive deposits and inter‐bank lines ‐ re‐priced certain asse
Slide 7: Contents
Contents Key Highlights Results Performance Capital and Liquidity Conclusions
Slide 8: Financial Performance – FY 2008
Financial Performance – FY 2008 Strong performance despite Global Market volatility 2008 2007 Variance CAGR QR million QR million QR million % 2004 ‐ 2008 Total Assets 61,302 45,397 15,905 35.0% 47.5% Loans & Advances to Customers 33,898 25,021 8,877 35.5% 49.9% Customers’ Deposits 32,186 25,766 6,4
Slide 9: Financial Performance – Key Ratios 2008
Financial Performance – Key Ratios 2008 2008 2007 ROAE 21.01% 23.5% ROAA 3.19% 3.67% Book Value 48.39 44.43 EPS (QR) 8.76 7.63 Cost To Income Ratio 25.2% 26.0% 9
Slide 10: Divisional Performance
Divisional Performance QR Million Operating Income ate • Major contributor to Bank’s growth and profit; focused on selective CAGR 2004 – 2008: 53% Corpora l di asset quality lending, li and d profitability fi bili • Net operating income rose 49.4% to QR 2.0bn from QR 1.3bn in 2007 • Loans up 31% to
Slide 11: Delivering Strong Profit Growth
Delivering Strong Profit Growth Net Profit QR Million • Net profit compounded annual growth rate over past five years at 49% per annum CAGR 2004 – 2008: 49% • Strong increase in operating income over past five years • 39% growth in net interest income and 45% growth in non‐interest income in 2008 co
Slide 12: Strong Asset Growth & Diversity
Strongg Asset Growth & Diversityy Total Assets • Total assets increased to QR 61.3bn up 35% QR Million compared to QR 45.4bn at year end 2007 70,000 CAGR 2004 – 2008: 48% 61 302 61,302 60,000 • Asset growth primarily due to growth in lending 50,000 45,397 plus an increase of QR 5.3bn to QR 14.3bn in
Slide 13: Strong Balance Sheet Growth
Strong Balance Sheet Growth Customers’ Deposits QR Million CAGR 2004 – 2008: 40% • Funding sources remain well diversified with Customers’ Deposits contributing 48% of total funding • The compounded annual growth rates for Deposits was 40% per annum • The Bank’s loan book increased to QR 33.9bn, a g
Slide 14: Balanced risk profile
Balanced risk profile Diversified Loan Portfolio • Lending activities are well diversified, split across a number of industry sectors, sectors with no major concentrations of risk. 88% of lending is within Qatar • Corporate p represents p 77%,, Retail 16%,, Islamic 7% • Lending to consumers is 22% a
Slide 15: Investments
Investments 31 December 31 December 2008 QR million 2007 AFS HTM Total % Total Equity investments 1,310 ‐ 1,310 27% 941 Qatar Government 14 2,042 2,056 43% 2,083 Bonds Other Bonds 640 318 958 20% 1,213 Investment Funds 451 ‐ 451 9% 428 Net Bookk Value l 2,415 2,360 4,775 100 4,665 • HTM comprises ma
Slide 16: Contents
Contents Key Highlights Results Performance Capital and Liquidity Conclusions
Slide 17: Capital further strengthened in 08
Capital p further strengthened g in 08 Shareholders’ Equity • Strong capitalisation to support future controlled QR Million CAGR 2004 – 2008: 40% asset growth • Capital Adequacy Ratio at 15.7%, well above QCB minimum requirement of 10% • Strong quality of capital ‐ Tier 1 capital adequacy ratio at 1
Slide 18: Strong, well managed liquidity
Strong Strong, well managed liquidity December 2008 Funding Mix • Commercialbank has a diversified funding mix supporting its balance sheet ; customers’ deposits grew by b 24.9% to QR 32.2m • Capital of QR 3.3bn in July and a Loan facility of QR 1.4bn in November; Bank also repaid a QR 2.9bn syndica
Slide 19: Contents
Contents Key Highlights Results Performance Capital p and Liquidity q y Conclusions
Slide 20: Outlook
Outlook • Strong macroeconomic fundamentals continue to underpin Qatar’s economy; projected p j to continue ggrowingg at c.10% in 2009¹ supported pp byy the country’s y oil supplies and by growth in LNG exports • Government support of economy, particularly for infrastructure projects and real estate
Slide 21: SS) Slee Neba
SS) Slee Neba Commercial bank
Commercial Bank of Qatar — FY2008 Earnings Presentation on 6ix