Commercial Bank (Q.S.C.) · QSE:CBQK
Commercial Bank (Q.S.C.) — Commercial Bank of Qatar — Q1 2009 Earnings Presentation
20 slides from Commercial Bank (Q.S.C.)'s earnings presentation, Apr 20, 2009
Slide 1: Commercial Bank of Qatar 2009 First Quarter Financial Results
Commercial Bank of Qatar 2009 First Quarter Financial Results For the period ended 31 March 2009 20 April 2009 1
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 Business Performance Capital and Liquidity Outlook 3
Slide 4: Key Highlights – Q1 2009
Key Highlights – Q1 2009 • Commercialbank delivered a Net profit of QR 610m (+ 40%) compared with QR 436m in 2008 • Net operating income increased by 46% to QR 571m with net interest income up by QR 147m to QR 370m; Net interest margin improved to 3.16% from 2.74% in the first quarter of 2008 • Stro
Slide 5: Contents
Contents Key Highlights Results Performance Business Performance Capital and Liquidity Conclusions Conclusions Outlook 5
Slide 6: Financial Performance – Q1 2009
Financial Performance – Q1 2009 Strong performance in difficult market conditions Q1 2009 Q1 2008 Variance Q4 2008 Variance QR million QR million QR million % QR million QR million % Total Assets 63,496 48,758 14,739 30% 61,302 2,194 4% Loans & Advances to 34,841 27,418 7,423 27% 33,898 943 3% Custo
Slide 7: Financial Performance - Key Ratios Q1 2009
Financial Performance - Key Ratios Q1 2009 Q1 2009 Q1 2008 ROAE 24.3% 28.5% ROAA 3.9% 3.7% Book Value 46.7 33.1 EPS (QR) 2.89 2.40 Cost To Income Ratio 20.6% 24.4% 7
Slide 8: Delivering Consistent Profit Growth
Delivering Consistent Profit Growth Net Profit QR Million • Net profit compounded annual growth rate over past five years at 34% per annum CAGR 2005 – 2008: 34% • Continued strong increase in net operating income • 66% growth in net interest income of QR 370m compared with QR 222m in 2008 • Net inte
Slide 9: Strong Asset Growth & Diversity
Strong Asset Growth & Diversity Total Assets QR Million • Total assets increased to QR 63.5bn up 30% CAGR 2005 – 2009: 46% compared with QR 48.8bn • Asset growth primarily due to growth in lending, up 27% to QR 34.8bn and up 3% since December • Loans and advances to customers remained at 55% of tota
Slide 10: Controlled Balance Sheet Growth
Controlled Balance Sheet Growth Customers’ Deposits QR Million CAGR 2005 – 2009: 34% • Funding sources remain well diversified with Customers’ Deposits contributing 49% of total funding • Deposits grew by 8% to QR 30.7bn but down by 5% from December in line with the overall market • The Bank’s loan
Slide 11: Balanced risk profile
Balanced risk profile Diversified Loan Portfolio • Lending activities are well diversified, split across a number of industry sectors, with no major concentrations of risk. 87% of lending is within Qatar • Corporate represents 77%, Retail 16%, Islamic 7% • The Bank continues to lend selectively when
Slide 12: Investments
Investments QR million Q1 09 FY 08 Var Q1 08 Var Equity investments 519 1,310 (791) 1,019 (500) Qatar Government 2,571 2,056 515 2,079 492 Bonds Other Bonds 2,232 958 1,274 1,907 325 Investment Funds 440 451 (11) - 440 Net Book Value 5,762 4,775 987 5,005 757 AFS 2,111 2,415 (304) 2,529 938 HTM 3,65
Slide 13: Contents
Contents Key Highlights Results Performance Business Performance Capital and Liquidity Outlook
Slide 14: Divisional Performance
Divisional Performance QR Million Operating Income • Net operating income rose 24% to QR 476m from QR 384m in Q108 Corporate • Customer lending grew by 22% to QR 26.6bn • Stringent risk management and pricing criteria for new lending • Selective repricing of assets to reflect liquidity risk premium
Slide 15: Affiliates' Performance
Affiliates’ Performance QR Million Net Profit • National Bank of Oman (NBO) and United Arab Bank (UAB) contributed QR Overall 39m to Commercialbank’s net profit compared with QR 47m in Q108 • In line with Group strategy, both affiliates made good progress in aligning business strategies, risk manage
Slide 16: Contents
Contents Key Highlights Results Performance Business Performance Capital and Liquidity Outlook
Slide 17: Capital - continued strength
Capital - continued strength Shareholders’ Equity QR Million • Strong capital base supporting controlled asset growth CAGR 2005 – 2009: 36% • QIA 5%, QR 807m, capital injection in February 2009 • Sale of Qatar equity portfolio reduced negative fair value • Sale of property assets strengthened the ca
Slide 18: Strong, well managed liquidity
Strong, well managed liquidity March 2009 Funding Mix • Commercialbank has a diversified funding mix supporting its balance sheet • Customers’ deposits grew by 8% to QR 30.7bn but down by 5% from December in line with the overall deposits’ market in the first quarter of 2009 • The Bank continues to
Slide 19: Contents
Contents Key Highlights Results Performance Business Performance Capital and Liquidity Outlook
Slide 20: Outlook
Outlook • Government support for the banking sector evidenced by QIA capital injections, proactive Qatar equity purchase and Government’s stated economic diversification programme • Qatar economy has remained resilient in the context of both the GCC and global financial market challenges. The recent
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