RAKBANK Investor Presentation - Q3/YTD Sep'2022
RAKBANK Investor Presentation - Q3/ YTD Sep'2022
Asset quality
Non Performing Loans [AED M]
Impaired Loans (NPL) to Gross Loans Advances
4.2%
4.0%
5.2%
5.4%
Impaired Loans (NPL)
5.1%
4.5%
4.1%
3.7%
3.6%
3.2%
1,762
1,668
1,680
1,478
1,446
1,507
1,416
1,333
1,275
1,153
Cost of Risk
4.1%
3.7%
RAKBANK
Simply Better
4.8%
4.5%
3.6%
12
12
2.7%
2.2%
2.1%
1.6% 1.5%
FY'19 FY'20 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22
Dec
'18
Dec
'19
Dec
'20
Mar
'21
Jun
'21
Sep
Dec
Mar
'21
'21
'22
Jun
'22
Sep
'22
FY'18
Loan Provision Coverage Ratio
Notes
156.5%
133.1%
118.4%
142.1%
137.8%
134.3% 133.7%
129.4%
127.7%
125.7%
Dec
Dec
Dec
Mar
Jun
Sep
Dec
Mar
Jun
'18
'19
'20
'21
'21
'21
'21
'22
'22
Sep
'22
Non-performing Loans and Advances to Gross Loans and Advances
ratio was 3.2% as at 30 September 2022 compared to 4.5% as at 30
September 2021 and 4.1% as at 31 December 2021
Net Credit Losses to average Loans and Advances closed at 2.1% for
Q3'22 compared to 2.7% for the same quarter last year and is one of
the lowest in the recent history
The Bank is well provisioned against loan losses with a Loan Provision
Coverage ratio of 156.5%, over and above mortgaged properties and
other realizable asset collateral available against the non performing
loans. It is the highest ever and remains one of the strongest in the
industryView entire presentation