RAKBANK Investor Presentation - Q3/YTD Sep'2022
RAKBANK Investor Presentation - Q3/YTD Sep'2022
Performance highlights
RAKBANK
Simply Better
6
Income Statement [AED M]
Income Statement Highlights
Quarter Results
(AED M)
Q3'22
Q3'21
Q2'22
Q3'22 vs
Q3'21
Q3'22 vs
YTD'22
Q2'22
9 months Results
YTD'21
YTD'22
vs YTD'21
Net Interest Income
652.8
546.5
563.0
19.5%
15.9%
1,756.2
1,621.3
8.3%
Non-Interest Income
262.3
258.9
252.0
1.3%
Total Income
915.1
805.4
Operating Expenditures
(372.9)
(351.4)
815.0
(367.7)
13.6%
4.1%
12.3% 2,457.1
(6.1%)
816.8
2,438.1
(1.4%) (1,113.0) (1,024.5)
700.9
(14.2%)
0.8%
(8.6%)
Operating Profit before impairment
542.3
454.0
447.3
19.4%
provisions
21.2% 1,344.1 1,413.6
(4.9%)
Provisions for Impairment
(190.9)
Net Profit
351.4
(225.3)
228.7
(140.0)
307.3
15.3%
53.7%
(36.4%) (465.3) (878.9)
14.3%
878.8
534.7
47.1%
64.4%
Notes
Profitability [AED B]
Total Income
Net Profit
4.0
3.8
Compared to Q3 2021, total Income increased by 13.6% to AED
915.1M during this quarter, supported by a strong increase of 19.5%
on the Net Interest Income to AED 652.8M and an increase of 1.3% on
the Non Interest Income to AED 262.3M
Compared to YTD Sep'21, total income year to date increased by 0.8%
to AED 2,457.1M backed by an increase of 8.3% in Net Interest Income
to AED 1,756.2M
Well diversified asset growth & lower cost of risk in a buoyant macro-
economic environment led to 47.1% YoY reduction in impairments
3.6
3.2
2.4
+64.4%
+0.8%
2.5
1.1
0.9
0.9
0.8
0.5
0.5
Dec '18
Dec '19
Dec '20
Dec'21
Sep'21
Sep'22View entire presentation