Commercial Bank Financial Performance Report Q1 2022
Financial Progress
Q1 2021 Q2 2021 Q3 2021 Q4 2021
Q1 2022
Variance
Variance
Q1 2022
Q1 2021
Variance
Q1 2022 v
Q1 2022 v
Q1 2022 v
QAR million
Normalized Normalized Normalized Normalized
Normalized
Q4 2021
Q1 2021
Reported
Reported
Q1 2021
Normalized
Normalized
Reported
Operating Income
1,087
1,197
1,206
1,282
1,216
-5.1%
11.9%
1,327
1,161
14.3%
Costs
-292
-287
-287
-284
-274
3.7%
6.1%
-385
-366
5.1%
Operating Profit
795
910
919
998
942
-5.6%
18.6%
942
795
18.6%
Net Provisions*
-224
-220
-143
-559
-276
50.6%
-23.0%
-276
-224
23.0%
Associates Income (Loss)
27
36
33
-258
47
118.1%
70.6%
47
27
-70.6%
Net Profit
603
725
805
173
702
305.9%
16.5%
702
603
16.5%
Lending Volume
99,387
100,588
101,093
98,003
98,366
0.4%
-1.0%
98,366 99,387
-1.0%
Deposit Volume
81,839
82,340
80,684
81,958
84,547
3.2%
3.3%
84,547 81,839
3.3%
NIM
2.6%
2.7%
2.7%
2.7%
2.8%
0.1%
0.2%
2.8%
2.6%
0.2%
C/I Ratio
26.8%
24.0%
23.8%
22.2%
22.5%
0.3%
-4.3%
29.0%
31.5%
-2.5%
COR (bps)-gross
108
90
69
231
118
113
10
118
108
-10
COR (bps) - net
87
80
55
206
96
110
9
96
87
-9
NPL Ratio
4.2%
4.1%
4.0%
4.7%
4.6%
0.1%
0.4%
4.6%
4.2%
-0.4%
Coverage Ratio*
105.9%
112.1%
115.9%
97.4%
100.2%
2.8%
-5.7%
100.2%
105.9%
5.7%
CET 1
12.0%
12.0%
11.9%
11.7%
12.2%
0.5%
0.2%
12.2%
12.0%
0.2%
Tier 1
16.3%
16.3%
16.2%
16.0%
16.4%
0.4%
0.1%
16.4%
16.3%
0.1%
CAR
18.3%
18.4%
18.3%
18.1%
18.1%
0.0%
-0.2%
18.1%
18.3%
-0.2%
*includes ECL
Normalised is after removing the impact of IFRS 2 from costs and derivative income from operating income to show underlying business trend (see slide 11)
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