Investor Presentaiton
Credit quality
Impaired loans and allowances
•
6.2
29.8
35.0
6.1 36.1
28.9
6.3 36.4
29.7
6.2 37.1
6.3
37.2
•
29.2
29.2
125.1
126.7
127.5
122.5
•
117.3
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Impaired Loans (AED Bn) *
Impairment Allowances (AED Bn)
NPL Ratio (%)
Coverage ratio (%)
•
Highlights
Income
Expenses
Risk
Capital
Liquidity
Macro
Divisional
Key Highlights
NPL ratio increased by 0.1% to 6.3% in FY-21
Coverage ratio strengthened 10.2% to 127.5% during 2021
o S1 and S2 coverage broadly stable despite stage migrations in 2021
。 S3 coverage up at 91.1% on higher provisions
124 bps cost of risk back within pre-pandemic range down from 163 bps in 2020
The Bank has supported 131,023 customers with AED 10.7 billion of deferrals
o AED 8.2 bn has been repaid, resulting in net support of AED 2.5 bn as at Q4-21
。 TESS zero cost funding repaid in full
o Repayments demonstrate improving business sentiment
ECL to Loan Coverage** Stagewise ECL (AED bn)
Total Gross Loans
Deferral Support and Repayments (AED bn)
FY-21 AED 459bn
37.2
1.0%
35.0
1.1%
21.1%
3.8
Stage 1
22.2%
4.6
6.9
5.7
Stage 2
Stage 1
87%
88%
Stage 2
7%
10.7 10.7 10.7
10.3
9.2
8.3
8.5
1.9
5.5
4.0
6.8
8.0
8.2 Repayments
FY-20
AED 479bn
6%
6%
85.7%
91.1%
Stage 3
6%
24.7
26.4
Stage 3
6.6
5.2
4.8
3.8
2.6 2.5
Remaining
Support
FY-20
FY-21
FY-20
FY-21
*Includes purchase originated credit impaired loans of AED 1.0bn (Dec-20: AED 2.1bn) acquired at fair value / **Stage 3 coverage adjusted for POCI acquired at FV
Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
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