Investor Presentaiton
Credit quality
Impaired loans and allowances
6.3
6.2
6.3
6.4
6.1
•
36.4
37.1
37.2
37.9
37.7
•
29.7
29.2
29.2
29.5
28.3
133.3
127.5
126.7
128.5
122.5
Q2 21
Q3 21
Q4 21
Q1 22
Q2 22
Impaired Loans (AED Bn) *
Impairment Allowances (AED Bn)
NPL Ratio (%)
Coverage ratio (%)
Coverage by Stage*
Stagewise ECL (AED bn)
37.2
37.7
0.9%
1.0%
Stage 1
3.8
3.8
23.5%
Stage 1
22.2%
6.9
7.3
Stage 2
Stage 2
91.1%
95.0 %
Stage 3
26.4
26.7
Stage 3
FY-21
Q2-22
FY-21
Q2 22
Highlights
Income
Risk
Expenses
Capital
Liquidity
Divisional
Key Highlights
NPL ratio improved by 0.3% to 6.1% in Q2-22 on strong writebacks and recoveries
Coverage ratio strengthened 4.8% to 133.3% in Q2-22
。 S3 coverage increased to 95% as writeback and recoveries reduced impaired
loan balances
o S1 and S2 coverage stable
79 bps cost of risk below 2021 level of 124bp on higher writeback & recoveries and
reflecting improving economic environment with DenizBank's cost of risk at 76 bps
*Includes purchase originated credit impaired loans of AED 1.0bn (Dec-21: AED 1bn) acquired at fair value / **Stage 3 coverage adjusted for POCI acquired at FV
Total Gross Loans
Q2-22, AED 463bn
Stage 1
87%
87%
7%
Stage 2
7%
FY-21
AED 459n
6%
Stage 3
6%
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