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1
Investor Presentation4Q / FY 2013
2
Introduction / Strategic Review4Q / FY 2013Alex Thursby, Group Chief Executive Officer
3
Continued strength in 4Q / FY 2013 results
Net earnings of AED 4.73bn for FY 2013, up 9% y-o-y, primarily driven by higher net interest income and fee income; Sequential growth of 4% in 4Q13 vs 3Q13
Strong underlying year-over-year top line results as net fee and commission grew 20% to AED 1.85bn in FY 2013; 14% sequential growth in 4Q13 vs 3Q13
Loan growth of 12% y-o-y and 0.7% sequentially 4Q13 vs 3Q13
Deposits grew 11% in FY 2013 to AED 211bn despite being 8% down sequentially; Although CASA grew 30% in FY 2013 and 13% sequentially in the 4th quarter
NPL ratio at 3.16% in 4Q 2013; appears to have peaked at 3.55% in 1Q 2013
Robust capital & liquidity position maintained with the CAR at 18.2% and Tier-I ratio at 16.5%
Overall, underlying revenues have grown QoQ at solid rates, costs have grown but have a component of one-offs
4
Q4 2013 – Awards & Accomplishments
Named “Safest Bank In the Emerging Markets” - Global Finance
Teamed up with INSEAD to launch “Jauan Al Dhaheri Scholarship”
“Best Private Bank in the UAE” – 5th Annual Global Private Banking Awards
“Leading Corporate for Investor Relations – UAE” – Middle East IR Society
“UAE Best Branch Performance” & “Best Customer Service Initiative” – Ethos Consulting, International Customer Service Institute
“Best Sukuk Fund” – Islamic Business & Finance Awards CPI Financials
5
Strategic Update – Progress Report
Detailed 5-year Group Strategy developed and approved by Board in July
Global Wholesale Banking, Global Wealth and Retail & Commercial 5-yearBusiness Plans presented to the Board and approved in January 2014
Quick wins around building strong flow business in progress. Strategic Initiatives build out plans completed. Implementation under progress.
Operating model developed as part of business plans. Key strategic areas like client on-boarding and client servicing are under review and improvement
Building the Spine to a World Class Level – IT plans developed to support business plans and Shared services project under progress
6
Our Commercial Banking business has a great deal of potential
Our Commercial Banking business today is relatively small and we have a small revenue market share of the UAE market across Mid-Corporate and SME segments
Across the country, we have a strong presence in Abu Dhabi but less so in Dubai which accounts for majority of Commercial banking wallet
We have a very large potential customer base, which we have not fully capitalised on to date
We have an opportunity to improve our level of fee-based revenue relative to industry best practice
2 Segments: 1) Local Corporates with International needs and 2) SMEs
“Hunter / Farmer Model” – Sales / Community Banker
7
Expand UAE market presence Build-out selective GCC markets
Develop select franchise markets
2014 – 2015 2016 – 2018
• Become a dominant commercial bank in the UAE
• Selected efforts on Oman to meet regulatory requirements
• Focus on franchise markets (Egypt, Malaysia)
• Align with the overarching NBAD WEC strategy
• Selective targeting of GCC markets where opportunity exists
Strategic focus
We want to aggressively expand our UAE presence initially, then selectively develop our franchise and GCC markets
8
To achieve our goal, we will deliver a 3-pillar value proposition
Geography Industry Product
• Presence across every corner of the UAE
• Ease of doing business wherever client business is
• Supporting SMEs in expanding abroad (Egypt, Malaysia)
• Understanding of the product requirements of the largest UAE industries
• RMs (Mid-market) or Service specialists (SME) that speak the “industry language”
• Best in class product offering where it matters most (Trade, FX, Cash mgmt)
• Products tailored to the needs of key industries (particularly Trading sector)
Customer value proposition
Focus areas• UAE focus mostly in Dubai
and particularly trade zones (downtown & Jebel Ali)
• Egypt, Malaysia 2016+
• Focus sectors: Trading, Oil & Gas, Petrochemicals, Chemicals, Contracting services, Retailers, Education & Healthcare, Food & Beverage, Other services
• Expansion of the Trading sector presence
• Identify investors
• All products excluding ECM, DCM, complex hedging
• Particular focus on flow products: Trade, FX, Cash management
Value proposition overview
9
Our operating model – Focus on coverage in the key UAE locations / centralising operations
Sales & coverageMid-market & MNCs
Old Dubai & N.E.
Jebel Ali & New Dubai
Abu Dhabi, Al Ain, Oman
MNCs
Inbound sales & servicing (26 desks in branches)
Outbound sales
Pro
du
cts,
All
ian
ces
& N
ew i
nit
iati
ves
Sales & coverageBusiness & Professionals
Customer Service Unit (centralised)
Bu
sin
ess
inte
llig
ence
Cli
ent
del
iver
y &
ser
vic
e
Enablement (centralised)Frontline (hubbed)
Ris
k1
Op
erat
ion
s
Peo
ple
/ H
R (
incl
ud
ing
hir
ing
an
d r
ewar
ds)
IT
Commercial operating model
Separate front lines and Client mgmt. functions for wholesale and commercial Enablement function partly shared with wholesale
1. One centre in Dubai, separate for program lending
10
Results DiscussionMichael A. Miller, Head of Investor Relations
11
OPERATING INCOME / REVENUES
Up 6% sequentially and up 8% for FY13 vs FY12, driven by
higher NII and non-interest income
4Q/FY 2013 – Income statement highlights
OPERATING EXPENSES
Increased 14% sequentially and up 13% FY13 vs FY12
reflecting continued investment in our business
IMPAIRMENT CHARGES, net
Down 5% sequentially in 4Q and down 10% FY13 vs FY12 as
positive trends continue
NET PROFITS
Up 4% sequentially and up 9% for FY13 as operating income
grew, impairment charges decreased, while expenses were up
2,318 2,194 2,331
8,668 9,398
4Q'12 3Q'13 4Q'13 FY'12 FY'13
AED Mn+8%+1%
790 801 916
2,868 3,239
4Q'12 3Q'13 4Q'13 FY'12 FY'13
AED Mn+13%+16%
365 299 285
1,337 1,206
4Q'12 3Q'13 4Q'13 FY'12 FY'13
AED Mn-10%-22%
1,120 1,035 1,077
4,332 4,733
4Q'12 3Q'13 4Q'13 FY'12 FY'13
AED Mn+9%-4%
+6% +14%
-5%+4%
12
ASSETS
Down 6% sequentially due mostly to deposit outflows; up
8% y-o-y as loans and deposits both grew
4Q/FY 2013 – Balance sheet highlights
EQUITY*
Up 4% sequentially and 11% y-o-y, due mostly to growth in
profits
* Includes AED 4bn Government of Abu Dhabi (GoAD) Tier-I capital notes
LOANS & ADVANCES, net
Up 12% y-o-y and up only 1% sequentially as lending
growth slowed in 4Q 2013
CUSTOMER DEPOSITS
Down 8% sequentially due to government deposit outflows
in 4Q; Healthy 11% growth y-o-y
301 322 327 345 325
Dec'12 Mar'13 Jun'13 Sep'13 Dec'13
AED Mn
-6%
31.1 31.2 32.2 33.3 34.7
Dec'12 Mar'13 Jun'13 Sep'13 Dec'13
AED Mn
+4%
165 162 173 182 184
Dec'12 Mar'13 Jun'13 Sep'13 Dec'13
AED Mn
+1%
190 206 219 229 211
Dec'12 Mar'13 Jun'13 Sep'13 Dec'13
AED Mn
-8%
+8% +11%
+12% +11%
13
Revenues by Segment
Actual Contr % AED Mn % Actual Contr %
Global Wholesale 1,141 49% 1,123 51%
Global Wealth 219 9% 182 8%
Global Retail &
Commercial779 33% 735 33%
Head Office 192 8% 154 7%
Total Revenues 2,331 100% 2,194 100%
REVENUES
by SEGMENT
(AED Mn)
Q4 2013 Variance Q3 2013
18
36
45
37
137
2%
6%
6%
24%
20%
Revenues grew by 6% quarter-on-quarter across the board
14
Actual Contr % AED Mn % Actual Contr %
Global Wholesale 966 68% 964 69%
Global Wealth 152 11% 127 9%
Global Retail &
Commercial429 30% 387 28%
Head Office (132) -9% (85) -6%
Total Operating
Profits1,415 100% 1,393 100%
OPERATING PROFITS
by SEGMENT
(AED Mn)
Q4 2013 Variance Q3 2013
2
25
41
(47)
22
0%
2%
Operating Profits by Segment
-55%
20%
All 3 major segments contributed to operating profits; Head Office was lower due to restructuring
11%
15
Key Ratios
Ratio FY 2013 FY 2012
Efficiency
Diluted Earnings Per Share (EPS in AED) (restated for 2012) 1.04 0.95
Return on Equity(annualised; including Govt of Abu Dhabi Tier-I capital notes)
14.4% 15.1%
Net Interest Margin (NIM)(Based on average total assets and annualised NII for the period)
2.08% 2.19%
Cost – Income ratio 34.5% 33.1%
JAWS(Revenues growth less Expenses growth)
-4.5% -1.9%
LiquidityPercentage lent(Loans/ Assets)
57% 55%
Loans to Customer Deposits ratio 87% 86%
Solvency
Capital adequacy 18.2% 21.0%
Tier-I ratio 16.5% 17.2%
Leverage ratio(Assets / Equity)
9.4x 9.7x
Asset Quality
Non-performing loans ratio[NPLs / (Gross loans – Interest in Suspense)]
3.16% 3.40%
Specific Provision coverage(Specific Provisions / NPLs)
55.7% 53.4%
Collective Provision coverage(Collective Provisions / net Credit-risk weighted assets)
1.66% 1.54%
16
Summary of Expectations – FY2014
Top line revenue growth 6% - 8% on reported 2013 results; Underlying growth rate higher excluding exceptional gains from 2013
Expense growth 12% - 15%; Continue to eliminate unnecessary costs and replacewith strategic investments
Net Income growth of 6% - 8%; Underlying growth rate higher
Provisioning expected to continue to reduce gradually after NPL’s appear to havepeaked at 3.55% in 1Q 2013
Maintain a strong and liquid balance sheet with solid capital adequacy ratios
Continuing simplification/flattening of organisation
17
Corporate access links
Corporate Headquarters:
One NBAD Tower, Sheikh Khalifa StPO Box 4, Abu Dhabi, UAETel : +971-2-6111111Fax : +971-2-6273170Website : http://www.nbad.com
Michael MillerHead – Investor Relations
Abhishek KumatInvestor Relations
Khuloud Al MehairbiInvestor Relations
Ehab KhairiCorporate Communications (Media & PR)
18
Appendix
19
Composition of Non-Interest Income (AED mn)
Fee &
Comm, net
77%
Investments
income
9%
Forex
income
11%
Other
operating
income
3%
Operating Income & Expenses
Interest vs Non-Interest Income (AED mn)
2,318 2,510 2,363 2,194 2,331
67% 61% 71% 75% 71%
17% 16% 20% 21% 22%16% 22% 9% 5% 7%
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
Other Non-Int Inc Fee & Comm NII & Islamic Financing Inc
Operating Expenses (AED mn)
512 505 543 545 595
229 159 192 193
257
47 48 52 52 54 2 15 8 11 10
790 727 795 801 916
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
Staff costs Other general & admin expensesDepreciation Donations and charity
Key points
• Q4’13 Net Interest income of AED 1.7bn up q-o-q by 1.3% on slightly improved margins
• Q4’13 Non-funded income of AED 669mn up 20.7% q-o-q on higher fee and commission income and investment gains
• Net fee and commission income grew 13.9% in Q4’13 vs Q3’13 on higher fee income from investments & derivatives, asset management and brokerage activities
• Expenses of AED 916mn were higher by 14.3% q-o-q; these included some 1-time expenses on organisational restructuring
AED 669mn (Q4’13)
20
Net profits (AED mn)
• 4Q’13 profits up 4% sequentially on higher operating income, but lower y-o-y by 4% due to non-recurrence of gains made from MoF related hedging strategies in 4Q’12; Overall, FY2013 net profits were up 9% on higher revenues and lower impairment charges
3,020 3,683 3,708
4,332 4,733
1,120 1,409 1,212 1,035 1,077
2009 2010 2011 2012 2013 4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
Cost to Income ratio (%)
• Cost-income ratio expected to be maintained under 40% going forward, as we continue to invest in our businesses
Return on Average Equity* (%)
* Annualised; Includes AED 4bn Tier-I capital and its annual dividend of AED 240mn
Net profits
CAGR 2009-2013: 12%
17.4%16.5%
16.3%15.1% 16.6%
15.1%
14.4%
10%
15%
20%
Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13
29.7%30.5% 32.5% 33.1%
31.2%
32.9%34.5%
20%
30%
40%
Dec-09 Jun-10 Dec-10 Jun-11 Dec-11 Jun-12 Dec-12 Jun-13 Dec-13
+9%
+4%
-4%
21
Composition of Assets – AED 325bn
• Continue to maintain a very solid & liquid balance sheet structure
Key points
• Margins slightly improved during the quarter to 1.98% vsQ3; YTD margins are optically higher mainly due to thedenominator effect (lower average assets due to depositsoutflow in 4Q); Margins expected to remain under pressurewith abundant liquidity in the markets and increasedcompetition
• Optical loans to deposits ratio at 87%; emphasis onincreasing stable/term borrowings
• Regulatory loans to stable resources ratio well withinstipulated UAE Central Bank cap
• Framework ready to be compliant with regulations on(Basel-III) liquidity
Loans & Customer Deposits (AED bn)
Net Interest Margin* (%)
* NIM% (Qtr) - based on Net Interest & Islamic financing Income (annualised) & total average assets for the quarter; NIM% (Ytd) – based on total average assets for the period
Assets & liquidity
2.06%
1.97%
2.06%
1.95%1.98%
2.19%
1.97%2.05%
2.00%2.08%
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
NIM% (Qtr) NIM% (Ytd)Cash &
balances
with central
banks
11%Due from
banks &
Reverse
repos
12%
Investments
16%
Loans
57%
Fixed assets
& Other
assets
4%
165 162173
183 184190
206219
229211
209
225
241 249
230
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
Loans Deposits Deposits + Term Borrowings
22
Loans (net) - growth trend (AED bn)
CAGR 2008-2013: 10.5%
• Lending slowed in Q4 after growing strongly in the last 3 quarters; full year growth was strong at 11.7% after growing 3.2% in 2012
112 132 137 160 165 184
2008 2009 2010 2011 2012 2013
Loans (gross) by customer type
• Stronghold in Corp & Private sector & Government related businesses• Lucrative opportunities for short-term lending – trade-finance related
activities, albeit at lower margins
Loans (gross) by industry
• Diversified portfolio across economic sectors• Retail loan growth to remain challenging
Loans by geography
* Based on location of booking of the loan
Loans and advances
UAE
73%Europe
18%
GCC
2%MENA
(ex-GCC)
2%
Asia
4%USA
1%
Real Estate
17%
Govt
12%Construction,
5%
Energy
12%
Personal
loans for
consumption,
9%
Loans to
Individuals
for Business
6%
Banks & FI
22%
Trading
3%Transport
5% Services
3%Mfg
6%Others (incl
Agriculture)
0.1%
Govt, 12%12%
Public
Sector 24%25%
Corp/Pvt,
34%35%
Individuals,
15%16%
Banks, 15%12%
+11.8%
2012(AED 170.8bn)
2013(AED 191.0bn)
37%36%
+11.7%
23
Provisions* & NPLs* (AED mn)
• NPLs ratio at 3.16% at end-FY’13 (3.4% at end-2012)* Provisions on loans & advances - excludes all other provisions* NPLs stated net of suspended interest
Provisions & NPLs
Key points
• Strong asset quality – one of the lowest NPL ratios amongstmajor UAE banks
• NPL ratio of 3.16% at end-FY’13 (3.3% Q3’13, 3.4% FY’12);NPLs declined in Q4 by AED 251mn; NPLs seem to havepeaked after reaching a high of 3.55% in 1Q’13
• Specific provisions at 55.7% of NPLs at end-FY’13(end FY’12 – 53.4%), in addition to collaterals
• Collective provisions at AED 2,975mn; continue to be fullycompliant with the Central Bank of UAE’s minimumrequirement of 1.5% for collective provisions, ahead of theeffective date (year end 2014)
5,518 5,650 5,8226,114
6,327
2,428 2,428 2,557 2,7712,975
5,781 5,961 6,121 6,264
6,013
Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
Total Provisions Collective Provisions NPLs
24
NPLs (NBAD vs UAE Banks*)
* Average NPL ratio of ENBD, NBAD, ADCB, FGB (Source: NBAD, Published financials)* NPLs above as stated by the banks as impaired loans and advances
Provisions & NPLs (…cont’d)
Provision coverage (NBAD vs UAE Banks*) – 9M’13
• High provision coverage (in addition to substantial collaterals)* NPLs and Coverage ratios above as disclosed by the banks
6,264
35,898
5,900 5,109 98%
55%
105% 75%
NBAD ENBD ADCB FGB
NPLs Provisions Coverage (total) AED mn
1.25%
2.31%2.94% 3.40%
3.32%
9M’132.7%
7.4% 7.1% 6.7%
7.6%
9M’13
Dec-09 Dec-10 Dec-11 Dec-12
NBAD Average
Impairment charges & Addition to NPLs (AED mn)
• NPLs decreased by AED 251mn in 4Q’13 – first decline since 2008
Impairment charges (AED mn)
Q4 2013 Q3 2013
Charge for the period:
Specific provisions 265 217
Collective provisions 204 214
469 431
Recoveries & write-backs (196) (140)
Write-offs 12 7
Provisions for other impaired assets 0 (0)
Impairment charges, net* 285 299
365 322 301 299 285
162
-
129 214 204
203 180 160 143
(251)
4Q'12 1Q'13 2Q'13 3Q'13 4Q'13
Total Impairment charges, net*
Collective prov charges
Addition to NPLs
3.3% 14.1% 4.6% 3.9%
NPL ratio
25
Investments – AED 53.5bn
• HFT – AED 2.7bn ; HTM – AED 3.3bn ; AFS – AED 47.5bn
HFT - Debt
3% HFT -
Equity &
Funds
2%
Held to
Maturity
(Debt)
6%
AFS -
Equity &
Funds
0.3%
AFS - Debt
89%
Investments by issuer
Investments by ratings
• 81% of Investment book is rated A & above
Investments by region
* Based on location of the issuer of the security or parent in case of SPV’s
Investments
Sovereign,
32.6%
Govt
Related
Entities,
22.9%
Banks & FI's
- Sovereign
Guaranteed,
3.5%
Banks & FI's
- Covered
Bonds,
10.3%
Banks & FI's,
28.9%
Corporate/
Pvt Sector,
0.9%
Supranatl,
0.9%
Europe,
24.0%GCC, 22.4%
MENA (ex-
GCC&UAE),
5.8%
USA, 2.2%
Australia &
Others, 7.3%
UAE, 38.3%AAA, 10.0%
AA, 47.7%
A, 23.0%
BBB, 3.9%
BB & below,
6.7%
Unrated -
Debt, 6.7%
Equity &
Funds, 2.0%
26
Term notes maturity profile (AED 17.6bn – FY’13)*
Opportunistic in tapping the capital markets given favourable pricing terms; no immediate requirements to raise debt
* Represents the nominal AED equivalent amount outstanding
Key points
• Completed repayment of AED 5.6bn of MoF subordinated notes in 2Q’13
• Continue to diversify the funding base and extend the liability profile
Funding profile
Liabilities - AED 290bn
• Liabilities consist primarily of customer deposits• Stable funding mix over the years; emphasis on increasing contribution
of medium- and long-term funding
3,428 3,315
-
3,158 2,821 2,906
560
1,399
2014 2015 2016 2017 2018 2019 2020 >2020
(AED mn)
Due to
banks &
Repos 13%
Customer
deposits
73%
Term
borrowings
6%Subdebt
0.5%
Other
liabilities 8%
27
Key points
• Q4 impacted by outflow of government deposits of AED 21bn reducing the YTD growth to 10.9%; strong growth in deposits gathered from corporate and retail sector
• Strong and encouraging growth in CASA of 13% in Q4 and overall growth of 30% in 2013; currently accounting for 28% of total customer deposits
• Substantial funding from government & public sector entities reflecting our long standing relationship with them
Deposits by customer type
• Substantial funding from government & public sector entities reflecting our long standing relationship with them
Govt, 22%36%
Public
Sector 19%
19%
Corp/Pvt,
31% 25%
Individual,
28%20%
Customer deposits
+10.9%
Deposits by type of accounts (AED bn)
• Steady and substantial growth in customer deposits; focus on growing CASA across the business segments
2012 (AED 190.3bn)
2013 (AED 211.1bn)
55% 41%
Deposits by geography
* Based on location of booking of deposit
UAE
73%
Europe
14%
GCC
2%MENA (ex-
GCC)
5%
Asia
3%
USA
3%
190 206 219 229 211
70% 72% 72% 71%63%
24% 22%23% 22%
28%7% 5% 5% 7%
9%
Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
CDs & Margin A/c's CASA Notice & Time
28
Regulatory Capital resources (AED bn)
30.4 30.5 31.8
32.7 33.8
37.3
34.7 35.0 36.1
37.3
Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
Tier-I Capital Resources
Capital adequacy (%)
21.0%19.7%
18.5% 17.8% 18.2%
17.2% 17.3% 16.8% 16.1% 16.5%
8%
12%
Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
Total CAR Tier I%
Capital Resources (Basel-II*)
UAE CB CAR requirement
Minimum Tier-I requirement
Key points
• Capital Resources (Basel-II) of AED 37.3bn up 3.3% q-o-q and0.1% y-o-y; repaid MoF tier-2 capital AED 5.6bn in 1st half of2013
• Tier-I capital of AED 33.8bn, up 11.2% y-o-y on higherearnings
• Capital Adequacy ratio (Basel-II) at 31 Dec 2013 at 18.2% and16.5% on Tier-I well above the UAE Central Bank’s minimumrequirements of 12% and 8%, respectively
* Basel-II framework as adopted by UAE Central Bank
FY 2013 Tier-I Tier-II Total
as at Dec 2012 30,411 6,855 37,266
Net profits (year-to-date) 4,733 - 4,733
Dividends paid (Equity + Tier-I notes) (1,600) - (1,600)
Change in eligible Collective Prov 268 268
Change in eligible AFS reserve - 56 56
Change in Subdebt (incl MoF Repayment & Buyback of subdebt)
- (3,703) (3,703)
Others (incl shares under ESOP) 289 - 289
as at Dec 2013 33,833 3,476 37,309
29
Results at a Glance
4Q'13 3Q'13%
growth4Q'12
%
growthFY'13
%
growth
Income statement (AED mn)
Net Interest Income (incl income from Islamic financing)
1,662 1,640 1.3% 1,557 6.7% 6,510 6.8%
Other Income 669 555 20.7% 761 -12.0% 2,888 12.3%
Revenue 2,331 2,194 6.2% 2,318 0.5% 9,398 8.4%
Expenses (916) (801) 14.3% (790) 15.9% (3,239) 12.9%
Operating Profits 1,415 1,393 1.6% 1,528 -7.4% 6,159 6.2%
Impairment Charges, net (285) (299) -4.7% (365) -22.1% (1,206) -9.8%
Prov for Taxes (54) (59) -9.3% (43) 26.0% (220) 67.0%
NET PROFIT 1,077 1,035 4.0% 1,120 -3.9% 4,733 9.3%
Balance Sheet (AED bn)
Assets 325 345 -5.8% 301 8.1% 325 8.1%
Loans & Advances 184 182 0.7% 165 11.7% 184 11.7%
Deposits & Others 211 229 -8.0% 190 10.9% 211 10.9%
Ratios %
RoE % 12.7% 12.6% 0.0% 14.7% -2.1% 14.4% -0.7%
NIM % 1.98% 1.95% 3bps 2.06% -8bps 2.08% -11bps
Cost / Income % 39.3% 36.5% 2.8% 34.1% 5.2% 34.5% 1.4%
JAWS % -8.1% -5.5% -15.4% -4.5% -4.5%
30
Balance sheet
Balance Sheet (AED Bn) Dec'13 Sep'13%
growthDec'12
%
growth
Assets
Cash & Balances with
Central Banks35.1 51.9 -32.4% 54.9 -36.2%
DFB & Reverse Repos 39.0 50.8 -23.2% 33.1 17.8%
Investments 53.5 45.7 17.1% 35.6 50.4%
Loans & Advances 183.8 182.5 0.7% 164.6 11.7%Short term (<1 yr) 74.6 77.2 -3.4% 60.8 22.8%
Long term 109.2 105.3 3.7% 103.8 5.2%
Other Assets 13.7 14.2 -3.7% 12.4 10.5%
Total Assets 325.1 345.1 -5.8% 300.6 8.1%
Liabilities & Equity
DTB/Repos/ECPs 43.9 45.7 -4.0% 40.3 8.8%
Deposits & Others 211.1 229.5 -8.0% 190.3 10.9%CASA 58.1 51.4 13.1% 46.6 24.6%
Others 153.0 178.1 -14.1% 143.7 6.5%
Term Borrowings/Subdebt 23.7 20.9 13.5% 24.7 -4.3%
Short term (<1 yr) 3.5 3.8 -9.3% 2.8 22.4%
Long term 20.2 17.0 18.6% 21.9 -7.7%
Other Liabilities 11.7 15.8 -25.5% 14.1 -16.8%
Capital & Reserves 34.7 33.3 4.1% 31.1 11.4%
Total Liabilities & Equity 325.1 345.1 -5.8% 300.6 8.1%
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The information contained herein has been prepared by National Bank of Abu Dhabi P.J.S.C (“NBAD”). NBAD relies on
information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.
This presentation has been prepared for information purposes only and is not and does not form part of any offer for sale
or solicitation of any offer to subscribe for or purchase or sell any securities nor shall it or any part of it form the basis of or
be relied on in connection with any contract or commitment whatsoever.
Some of the information in this presentation may contain projections or other forward-looking statements regarding future
events or the future financial performance of NBAD. These forward-looking statements include all matters that are not
historical facts. The inclusion of such forward-looking information shall not be regarded as a representation by NBAD or
any other person that the objectives or plans of NBAD will be achieved. NBAD undertakes no obligation to publicly
update or publicly revise any forward-looking statement, whether as a result of new information, future events or
otherwise.
Disclaimer
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