Capital Bank Performance & Strategic Growth
Income Statement, National Bank of Iraq
All values in USD thousands
2015
2016
2017
2018
2019
2020 CAGR (2015-20)
Q1 2020 Q1 2021
Growth
Interest Income/ Lending
16,578
13,248
7,064
6,579
13,415
20,990
4.8%
4,380
6,418
47%
Commission Income/ Transaction
8,486
19,653
26,971
14,787
17,569
22,264
21.3%
4,042
5,620
39%
Markets & Investment Banking
3,258
10,291
2,174
(4,501) 5,960
10,021
25.2%
1,872
22
-99%
Total Revenues
28,321
43,191
36,209
16,865
36,943
53,275
13.5%
10,293
12,060
17%
Cost of Fund
(6,054)
(3,902)
(5,499)
(3,432)
(4,946) (8,477)
7.0%
(1,590)
(2,216)
39%
Interest In Suspense
(3,204) (4,897)
(7,386)
(4,558)
(6,391) (25,773)
18.8%
(6,320)
(7,813)
24%
Gross Operating Income
22,267
39,289
30,710
13,432
31,998
44,797
15.0%
8,703
9,844
13%
Operating Expenses, Staff
Operating Expenses, Other
Net Operating Income
(4,745) (5,017)
(8,243) (8,478) (9,296) (11,090)
9,279 25,794 15,698 (3,253)
(5,716)
(5,596) (5,832) (7,016)
5.3%
(1,662)
(2,248)
35%
(10,584) (13,240)
15,582
6.4%
(2,575)
(4,529)
76%
24,541
21.5%
4,466
3,067
-31%
Provisions & Non-Recurring
(21,653)
(8,727)
(2,418)
16,801
(1,375)
(4,512)
-26.9%
(1)
(845)
Income Tax
(1,910) (3,412)
(2,356)
(1,982)
(469)
(3,958)
15.7%
(536)
(486)
**
Net Income
(14,284) 13,655
10,924
11,566
13,738
16,071*
4.2%
3,930
1,735
-56%
Net Interest Margin
Efficiency Ratio (Ex. Dep.)
ROE
* Net Income for FY 2020 excludes FX income attributed to the revaluation following the devaluation of the Iraqi Dinar
**NI CAGR covering 2016 to 2020.
7.40%
5.84%
2.43%
2.03%
3.15%
4.07%
3.6%
4.5%
53.5%
29.1%
43.1%
110.6%
45.7%
15.7%
42.5%
63.9%
-6.52%
6.59%
5.11%
5.57%
6.69%
7.84%
7.51%
3.43%
27View entire presentation