RAKBANK Investor Presentation - Q3/9M 2021
RAKBANK Investor Presentation - Q3/9M 2021
Highlights
RAKBANK
Simply Better
Net profit
increased
by 73.2%
Q3 21 v/s Q3 20
Impairment
charges declined
by 24.0%
Q3 21 v/s Q2 21
Gross Loans &
Advances
increased by 4.0%
Year to Date
Healthy CAR at
17.8%
As at 30 Sep 2021
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Strong performance for the quarter across all business verticals as
demonstrated by 73.2% increase in Net Profits as compared to Q3 2020.
Gross Loans and Advances increased by 4.0% year to date and 2.7% year on
year.
Non Interest Income increased by 3.0% for 9M 2021 compared to the same
period in 2020.
Provision for credit loss continues to improve, declining by AED 71.3 million
in Q3 2021 as compared to Q2 2021 and by AED 407.2 million for 9M 2021
compared to the same period in 2020.
Provision coverage improved to 134.3% as of Q3 2021 from 129.4% as of
Q4 2020.
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