RAKBANK Investor Presentation - Q3/9M 2021
RAKBANK Investor Presentation - Q3/9M 2021
Performance highlights
Income Statement [AED Mn]
RAKBANK
Simply Better
8
00
Quarterly Results
9 Months results
Income Statement Highlights
Net Interest Income
Q3'21
Q3'20
Q2'21
9M 2021
9M 2020
546.5
601.1
543.0
1,621.3
1,963.8
Q3'20
(9.1%)
Variance
Q3'21 Vs
9M Sep'21 Vs
9M Sep'21
(17.4%)
Non-Interest Income
258.9
251.4
288.8
816.8
792.7
3.0%
3.0%
Total Income
805.4
852.5
831.8
2,438.1
2,756.4
(5.5%)
(11.5%)
Operating Expenditures
(351.4)
(325.7)
(343.1)
(1,024.5)
(1,031.6)
(7.9%)
0.7%
Operating Profit before impairment provisions
454.0
526.8
488.7
1,413.6
1,724.8
(13.8%)
(18.0%)
Provisions for Impairment
(225.3)
(394.8)
(296.6)
Net Profit
228.7
132.0
192.1
(878.9)
534.7
(1,286.2)
42.9%
31.7%
438.6
73.2%
21.9%
Key Ratios [%]
Key Ratios
Balance Sheet Highlights [AED Bn]
Results as at
Variance
Amounts as at
Variance
Sep'21
Dec '20
Sep'20
YTD
YOY
Return On Equity*
9.0%
6.5%
7.6%
2.5%
1.4%
Balance Sheet items
Total Assets
Sep'21
Dec '20
Sep'20
YTD
YOY
54.5
52.8
52.3
3.3%
4.1%
Return On Assets *
1.4%
0.9%
1.1%
0.4%
0.3%
Gross Loans & Advances
33.5
32.2
32.6
4.0%
2.7%
Net Interest Margin *
4.1%
4.6%
4.7%
(0.5%)
(0.6%)
Deposits
37.0
36.9
34.2
0.1%
8.1%
Cost-to-Income
42.0%
39.2%
37.4%
(2.8%)
(4.6%)
Gross Customers Assets
40.1
37.5
37.7
6.9%
6.3%
Provision Coverage Ratio
134.3%
129.4%
131.2%
4.9%
3.1%
Gross Impaired Loans Ratio
4.5%
5.2%
5.1%
0.7%
0.6%
LSRR
83.9%
80.6%
86.0%
(3.3%)
2.1%
Liquid Asset Ratio (ELAR)
10.4%
14.5%
9.7%
(4.1%)
0.7%
Total CAR Basel III**
17.8%
18.6%
19.4%
(0.9%)
(1.6%)
Note: Numbers may not add up due to rounding
*Annualized for Sep'19 & Sep'20
**post Prudential FilterView entire presentation