Investor Presentaiton
Growing diverse asset base, liquid investments portfolio
All values in USD millions
Growing asset base with a strategic allocation across asset classes
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Well diversified and growing asset base, with a healthy return on funds.
Investment portfolio of $1.2b, with a majority in liquid gov. securities.
Gross credit growing at a CAGR of 11.1% between 2015 and 2020 to
reach $2.12b and a further 30% in Q1 2021 to reach $2.76m.
The facilities composition reflects focus on Corporate/ SME clients, who
comprise ~68% of portfolio as of Q1 2021 (56% Corporate, 12% SME),
with remaining majority to retail clients and mortgages. This is slightly
lower than the ~76% level at the end 2020.
Prudent provisioning & improving NPL ratio
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Central Bank measures as well as internal controls and prudent lending
strategy continue to help cushion impact of COVID-19 on the economy.
Provision coverage ratio (including collaterals against such loans)
remains well above 100%.
Watchlist remains constantly monitored with a similar provisioning
approach, and collateral coverage requirements.
Overall, Bank continues a prudent credit control and collection policy.
Asset Breakdown
Loans Breakdown
+1%
+23%
8.6%
6.4%
4,749
8%
117
105
4.5%
97
6.3%
177
NPL Ratio
3,877
3,907
NPL Balance
14%
8%
-6%
3,084
12%
2018
2019
2020
Q1 2021
16%
25%
2,771
-9%
Other Assets
+8%
25%
14%
25%
16%
Coverage Ratio, %
Cash & Balances
27%
Investments 30%
1.57
1.40
1.33
54%
1.18
51%
57%
50%
Net Loans
45%
88%
61%
75%
76%
Coverage
(Incl. Collaterals)
Provision Coverage
2018
2019
2020
Q1 2021
Q1 2021
2018
2019
2020
Q1 2021
(Excl. Audi)
(Total)
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