RAKBANK Investor Presentation - Q4/12M 2021
RAKBANK Investor Presentation - Q4/12M 2021
Asset quality
Non Performing Loans [AED Mn]
Cost of Risk
Impaired Loans (NPA) to Gross Loans Advances
Impaired Loans (NPA)
4.2%
4.0%
4.0%
5.2%
5.0%
4.1%
1,668
1,478
1,446
1,416
1,334
4.1%
RAKBANK
Simply Better
3.7%
4.8%
3.2%
13
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '18
Dec '19
Dec '20
Dec '21
Notes
Dec '17
Provision Coverage Ratio
74.6%
133.1%
129.4%
133.7%
118.4%
Dec '17
Dec '18
Dec '19
Dec '20
Dec'21
•
Non-performing Loans and Advances to Gross Loans and Advances ratio
improved to 4.1% compared to 5.2% as at 31 December 2020 and Net Credit
Losses to average loans and advances closed at 3.2% which is the lowest in
recent years.
The Bank is well provisioned against loan losses with an NPL Provision
Coverage ratio of 133.7%, which does not take into consideration-
mortgaged properties and other realizable asset collateral available against
the non performing loans.
Increase in provision coverage ratio starting 2018 is due to additional
provisions taken as a result of the implementation of IFRS9 as of 1 January
2018.View entire presentation