RAKBANK Investor Presentation - Q3/9M 2021
RAKBANK Investor Presentation - Q3/9M 2021
Asset quality
Non Performing Loans [AED Mn]
Impaired Loans to Gross Loans Advances
Impaired Loans
4.2%
4.0%
4.0%
Cost of Risk
RAKBANK
Simply Better
5.2%
5.1%
4.5%
5.0%
1,668
1,654
1,478
1,334
1,446
1,507
4.1%
3.7%
4.9%
4.8%
3.6%
13
Dec '17
Dec '18
Dec '19
Dec '17
Provision Coverage Ratio
Dec '18
Dec '20
Dec '19
Dec '20
Sep '20
Sep '20
Sep '21
Sep '21
Notes
74.6%
133.1%
129.4%
131.2%
134.3%
118.4%
Dec '17
Dec '18
Dec '19
Dec '20
Sep '20
Sep '21
Provision charge for credit loss for the quarter decreased by AED 169.5
million compared to Q3 2020 largely due to lower provisions on loans and
advances.
Non-performing Loans and Advances to Gross Loans and Advances ratio
closed at 4.5% compared to 5.1% as at 30 September 2020 and 5.2% as at 31
December 2020.
The Bank is well provisioned against loan losses with a loan loss coverage
ratio of 134.3%, which does not take into consideration-mortgaged
properties and other realizable asset collateral available against the loans.View entire presentation