Earnings Performance - Half year ended 30 June 2019
Key Strengths & Competitive Advantages
Strong Domestic
Franchise; Leading
Market Position
Experienced
Management with
Proven Track Record
Shareholder Support
Strong Financial Profile
Diversified Footprint
Developed 5year
strategy to transform
banks performance
2nd largest conventional bank in Qatar by assets, net loans, customers' deposits and total equity, in operation since 1975
Strong corporate relationships across public and private sectors
Proven strength in retail banking, leading credit card provider
GDR Issue (first by Qatari bank), US$5.0 bn EMTN programme in place
Committed and experienced senior management team
Prominent, influential and stable Board of Directors (some Directors have been with the bank since its inauguration)
Senior managers have significant banking (domestic and international) experience
Appointment of new key senior management over past two years including; CEO Joseph Abraham, COO Leonie Lethbridge and Kimberly Reid
(Organisational Effectiveness and Strategic Leadership)
Systemic importance to the Qatari banking sector given the Bank's scale
Qatar's Government holds a 16.8% in Commercial Bank through Qatar Holding and a further 10% through funds and other entities
High earnings potential
Sustainable growth in core loan portfolio with good asset quality
Diversified revenue base; expansion outside Qatar to increase diversification
Strong capitalization
Operates branches in Qatar and is present in Turkey, Oman and UAE through its subsidiaries and associates AlternatifBank ("ABank"), National
Bank of Oman ("NBO") and United Arab Bank ("UAB")
New 5 year strategic plan commenced and announced to the investor community in Nov 2016. Focus points include improving CET1 capital (Q1
2017 QAR1.5bn Rights issue & Asset Revaluation QAR 1.1bn), reshaping the loan portfolio to improve asset quality, aligning the cost to income
ratio with market peers by streaming-lining the branch network and operations.
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