Investor Presentation Q3 2021
Financial results highlights Q3 2021
Highlights
Income
Expenses
Risk
Capital
Liquidity
Macro
Divisional
Better /
Better /
Income Statement (USD bn)
Q3-21
Q3-20
Q2-21
(Worse)
(Worse)
Net interest income
1.2
1.1
7%
1.1
10%
Non-funded income
0.4
0.4
(13)%
0.4
0%
Total income
1.6
1.5
2%
1.5
7%
Operating expenses
(0.5)
(0.5)
(8)%
(0.5)
(3)%
•
Pre-impairment operating profit
1.0
1.0
(1)%
0.9
9%
-
Impairment allowances
(0.3)
(0.6)
49%
(0.2)
(30)%
-
Operating profit
0.7
0.5
60%
0.7
3%
-
Taxation charge and others
(0.1)
(0.0)
(46)%
(0.0)
(16)%
Net profit
0.7
0.4
61%
0.7
2%
Cost: income ratio (%)
34.0%
32.0%
(2.0)%
Net interest margin (%)
2.65%
2.48%
0.17%
35.3%
2.44%
1.3%
0.21%
Key Highlights
• Net profit up 61% y-o-y with significantly lower impairments and up 2%
•
q-o-q on higher income
Total income up 7% q-o-q and 2% y-o-y on improved NIMS
Record CASA balances lower cost of funding
Improved loan mix with record demand for retail financing
Improved NIMs from DenizBank
Expenses well controlled with cost to income ratio within guidance
-
Higher staff costs due to incentives related to strong retail growth
• Cost of risk of 91 bps with provisions substantially down 49% y-o-y
Balance Sheet (USD bn)
Total assets
30-Sep-21 31-Dec-20
190.5
190.2
Loans
119.4
Deposits
127.1
CET-1 (%)
LCR (%)
NPL ratio (%)
16.1%
157.2%
6.2%
Inc/
(Dec)
0%
120.9 (1)%
126.5
0%
15.0% 1.1%
165.0% (7.8)%
6.2%
0%
30-Jun-21
189.0
Inc/
(Dec)
1%
• Retail loan growth continued in Q3 2021
•
Group maintains strong Capital and Liquidity
119.4
0%
124.8
2%
15.6% 0.5%
158.8% (1.6)%
6.3% (0.1)%
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