Financial Highlights from year:
Financial Highlights Year 2012 - 2013
|
3 Months ended 31 March 2013 |
3 Months ended 31 March 2012 |
3 Months ended 31 March 2013 |
3 Months ended 31 March 2012 |
| Financial Growth Indicators |
(AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
| Loans and advances |
117,803.9 |
104,579.5 |
32,072.9 |
28,472.5 |
| Non-Trading Investments |
15,562.9 |
19,094.3 |
4,237.1 |
5,198.6 |
| Total assets |
172,956.6 |
159,727.1 |
47,088.6 |
43,486.8 |
| Customers deposits |
119,152.4 |
103,778.7 |
32,440.1 |
28,254.5 |
| Shareholders Equity |
27,742.5 |
26,026.3 |
7,553.1 |
7,085.8 |
| Income Statement |
| Net interest income and income from Islamic Financing |
1,374.7 |
1,296.5 |
374.3 |
353.0 |
| Other income |
494.1 |
373.5 |
134.5 |
101.7 |
| Share of profit of associates |
6.1 |
2.9 |
1.7 |
0.8 |
| Total Operating income |
1,874.9 |
1,672.9 |
510.5 |
455.5 |
| |
| General & Administrative expenses |
-391.2 |
-325.5 |
-106.5 |
-88.6 |
| Provisions / Impairments |
-433.3 |
-412.7 |
-118.0 |
-112.4 |
| Non-controlling interest |
-4.7 |
0.0 |
-1.3 |
0.0 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
1,045.7 |
934.8 |
284.7 |
254.5 |
| |
| Basic & Diluted Earnings Per Share |
AED 0.34 |
AED 0.29 |
USD 0.09 |
USD 0.08 |
| |
| Ratios |
| Return on Average Assets % - Annualized |
2.4% |
2.4% |
2.4% |
2.4% |
| Return on Average Equity % - Annualized |
14.7% |
14.2% |
14.7% |
14.2% |
| Cost to Income Ratio |
20.6% |
19.4% |
20.6% |
19.4% |
| Non-Interest Income / Total Income |
26.7% |
22.5% |
26.7% |
22.5% |
| Loans / Deposits Ratio |
98.9% |
100.8% |
98.9% |
100.8% |
Financial Highlights Year 2011 - 2012
| |
2012 |
2011 |
2012 |
2011 |
| Financial Growth Indicators |
(AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
| Loans and advances, Net |
114,644.5 |
104,719.8 |
31,212.8 |
28,510.7 |
| Non-Trading Investments, Net |
17,278.3 |
18,789.5 |
4,704.1 |
5,115.6 |
| Total assets |
175,033.6 |
157,480.3 |
47,654.1 |
42,875.1 |
| Customers deposits |
119,304.6 |
103,473.7 |
32,481.5 |
28,171.4 |
| Shareholders Equity |
29,348.3 |
26,651.4 |
7,990.3 |
7,256.0 |
| Income Statement |
| Net interest income and income from Islamic Financing |
5,520.4 |
5,078.9 |
1,503.0 |
1,382.8 |
| Other income |
1,706.3 |
1,411.6 |
464.6 |
384.3 |
| Share of profit of associates |
43.1 |
-7.6 |
11.7 |
-2.1 |
| Total Operating income |
7,269.8 |
6,482.9 |
1,979.3 |
1,765.0 |
| General & Administrative expenses |
-1,445.8 |
-1,224.0 |
-393.6 |
-333.2 |
| Provisions / Impairments |
-1,653.1 |
-1,553.1 |
-450.1 |
-422.8 |
| Non-controlling interest |
-16.5 |
1.5 |
-4.5 |
0.4 |
| Net Income (Equity holders of the Bank) |
4,154.4 |
3,707.4 |
1,131.1 |
1,009.4 |
| |
| Basic & Diluted Earnings Per Share |
AED 1.33 |
AED 1.15 |
USD 0.36 |
USD 0.31 |
| Ratios |
| Return on Average Assets % - Annualized |
2.5% |
2.5% |
2.5% |
2.5% |
| Return on Average Equity % - Annualized |
14.8% |
14.6% |
14.8% |
14.6% |
| Cost to Income Ratio |
19.6% |
18.9% |
19.6% |
18.9% |
| Non-Interest Income / Total Income |
24.1% |
21.7% |
24.1% |
21.7% |
| Loans / Deposits Ratio |
96.1% |
101.2% |
96.1% |
101.2% |
| |
9 Months ended 30 September 2012 |
9 Months ended 30 September 2011 |
9 Months ended 30 September 2012 |
9 Months ended 30 September 2011 |
| |
(AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
114,387.5 |
101,964.1 |
31,142.8 |
27,760.4 |
| Non-Trading Investments, Net |
17,651.6 |
22,115.4 |
4,805.8 |
6,021.1 |
| Total assets |
163,319.0 |
156,333.8 |
44,464.7 |
42,563.0 |
| Customers deposits |
109,805.2 |
95,997.7 |
29,895.2 |
26,136.0 |
| Shareholders Equity |
28,167.0 |
25,691.2 |
7,668.7 |
6,994.6 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
4,050.6 |
3,722.0 |
1,102.8 |
1,013.3 |
| Other income |
1,193.5 |
1,082.3 |
324.9 |
294.7 |
| Share of profit of associates |
19.2 |
15.8 |
5.2 |
4.3 |
| Total Operating income |
5,263.3 |
4,820.1 |
1,432.9 |
1,312.3 |
| |
|
|
|
|
| General & Administrative expenses |
-1,032.4 |
-882.6 |
-281.1 |
-240.3 |
| Provisions / Impairments |
-1,225.2 |
-1,249.3 |
-333.6 |
-340.1 |
| Non-controlling interest |
0.0 |
-2.5 |
0.0 |
-0.7 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
3,005.7 |
2,685.8 |
818.2 |
731.2 |
| |
|
|
|
|
| Basic & Diluted Earnings Per Share |
AED 0.95 |
AED 0.83 |
USD 0.26 |
USD 0.23 |
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualized |
2.5% |
2.4% |
2.5% |
2.4% |
| Return on Average Equity % - Annualized |
14.6% |
14.4% |
14.6% |
14.4% |
| Cost to Income Ratio |
19.5% |
18.3% |
19.5% |
18.3% |
| Non-Interest Income / Total Income |
23.0% |
22.8% |
23.0% |
22.8% |
| Loans / Deposits Ratio |
104.2% |
106.2% |
104.2% |
106.2% |
| Financial Growth Indicators |
6 Months ended 30 June 2012 |
6 Months ended 30 June 2011 |
6 Months ended 30 June 2012 |
6 Months ended 30 June 2011 |
| (AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
110,949.3 |
98,598.5 |
30,206.7 |
26,844.1 |
| Non-Trading Investments, Net |
19,838.9 |
17,035.2 |
5,401.3 |
4,638.0 |
| Total assets |
162,939.2 |
149,229.4 |
44,361.3 |
40,628.8 |
| Customers deposits |
104,774.1 |
100,393.5 |
28,525.5 |
27,332.8 |
| Shareholders Equity |
27,125.8 |
24,917.9 |
7,385.2 |
6,784.1 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
2,646.0 |
2,365.6 |
720.4 |
644.1 |
| Other income |
798.2 |
818.8 |
217.3 |
222.9 |
| Share of profit of associates |
7.1 |
11.5 |
1.9 |
3.1 |
| Total Operating income |
3,451.3 |
3,195.9 |
939.6 |
870.1 |
| |
|
|
|
|
| General & Administrative expenses |
-673.3 |
-558.0 |
-183.3 |
-151.9 |
| Provisions / Impairments |
-826.6 |
-870.1 |
-225.0 |
-236.9 |
| Non-controlling interest |
0.0 |
-2.5 |
0.0 |
-0.7 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
1,951.4 |
1,765.4 |
531.3 |
480.6 |
| |
|
|
|
|
| Basic & Diluted Earnings Per Share |
AED 0.64 |
AED 0.54 |
USD 0.17 |
USD 0.15 |
| |
|
|
|
|
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualized |
2.4% |
2.4% |
2.4% |
2.4% |
| Return on Average Equity % - Annualized |
14.5% |
14.4% |
14.5% |
14.4% |
| Cost to Income Ratio |
19.3% |
17.4% |
19.3% |
17.4% |
| Non-Interest Income / Total Income |
23.3% |
26.0% |
23.3% |
26.0% |
| Loans / Deposits Ratio |
105.9% |
98.2% |
105.9% |
98.2% |
| Financial Growth Indicators |
3 Months ended 31 March 2012 |
3 Months ended 31 March 2011 |
3 Months ended 31 March 2012 |
3 Months ended 31 March 2011 |
| (AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
104,579.5 |
97,064.4 |
28,472.5 |
26,426.5 |
| Non-Trading Investments, Net |
19,094.3 |
18,195.3 |
5,198.6 |
4,953.8 |
| Total assets |
159,727.1 |
142,805.3 |
43,486.8 |
38,879.7 |
| Customers deposits |
103,778.7 |
98,455.3 |
28,254.5 |
26,805.1 |
| Shareholders Equity |
26,026.3 |
23,947.0 |
7,085.8 |
6,519.7 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
1,296.5 |
1,145.8 |
353.0 |
312.0 |
| Other income |
373.5 |
450.5 |
101.7 |
122.7 |
| Share of profit of associates |
2.9 |
6.6 |
0.8 |
1.8 |
| Total Operating income |
1,672.9 |
1,602.9 |
455.5 |
436.5 |
| |
|
|
|
|
| General & Administrative expenses |
-325.5 |
-266.2 |
-88.6 |
-72.5 |
| Provisions / Impairments |
-412.7 |
-459.0 |
-112.4 |
-125.0 |
| Non-controlling interest |
0.0 |
-2.5 |
0.0 |
-0.7 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
934.7 |
875.3 |
254.5 |
238.3 |
| |
|
|
|
|
| Basic & Diluted Earnings Per Share |
AED 0.30 |
AED 0.27 |
USD 0.08 |
USD 0.07 |
| |
|
|
|
|
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualized |
2.4% |
2.5% |
2.4% |
2.5% |
| Return on Average Equity % - Annualized |
14.2% |
14.6% |
14.2% |
14.6% |
| Cost to Income Ratio |
19.4% |
16.6% |
19.4% |
16.6% |
| Non-Interest Income / Total Income |
22.5% |
28.5% |
22.5% |
28.5% |
| Loans / Deposits Ratio |
100.8% |
98.6% |
100.8% |
98.6% |
Financial Highlights Year 2010 - 2011
| Financial Growth Indicators |
2011 |
2010 |
2011 |
2010 |
| (AED in millions) |
(AED in millions) |
(USD in millions) |
(USD in millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
104,719.8 |
95,628.0 |
28,510.7 |
26,035.4 |
| Non-Trading Investments, Net |
18,789.5 |
14,988.3 |
5,115.6 |
4,080.7 |
| Total Assets |
157,480.3 |
140,758.0 |
42,875.1 |
38,322.4 |
| Customers Deposits |
103,473.7 |
98,741.9 |
28,171.4 |
26,883.2 |
| Shareholders Equity |
26,651.4 |
24,126.4 |
7,256.0 |
6,568.6 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
5,078.9 |
4,257.2 |
1,382.8 |
1,159.1 |
| Other income |
1,411.6 |
2,085.6 |
384.3 |
567.8 |
| Share of Profit of Associates |
-7.6 |
-37.8 |
-2.1 |
-10.3 |
| Total Operating Income |
6,482.9 |
6,305.0 |
1,765.0 |
1,716.6 |
| |
|
|
|
|
| General & Administrative Expenses |
-1,224.0 |
-1,121.5 |
-333.2 |
-305.3 |
| Provisions / Impairments |
-1,553.1 |
-1,639.1 |
-422.8 |
-446.3 |
| Non-controlling interest |
1.5 |
-124.0 |
0.4 |
-33.8 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
3,707.3 |
3,420.4 |
1,009.4 |
931.2 |
| |
|
|
|
|
| Basic Diluted Earnings Per Share |
AED 2.37 |
AED 2.10 |
USD 0.65 |
USD 0.57 |
| |
|
|
|
|
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualised |
2.5% |
2.6% |
2.5% |
2.6% |
| Return on Average Equity % - Annualised |
14.6% |
14.7% |
14.6% |
14.7% |
| Cost to Income Ratio |
18.9% |
17.8% |
18.9% |
17.8% |
| Interest Income / TotalIncome |
78.3% |
67.5% |
78.3% |
67.5% |
| Loans/ Deposits Ratio |
101.2% |
96.8% |
101.2% |
96.8% |
| Financial Growth Indicators |
9 Months ended 30 September 2011 |
9 Months ended 30 September 2010 |
9 Months ended 30 September 2011 |
9 Months ended 30 September 2010 |
| (AED
in Millions) |
(AED
in Millions) |
(USD
in Millions) |
(USD
in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
101,964.1 |
95,577.4 |
27,760.4 |
26,021.6 |
| Non-Trading Investments, Net |
22,115.4 |
14,986.3 |
6,021.1 |
4,080.1 |
| Total Assets |
156,333.8 |
137,454.4 |
42,563.0 |
37,422.9 |
| Customers Deposits |
95,997.7 |
92,251.1 |
26,136.0 |
25,116.0 |
| Shareholders Equity |
25,691.2 |
23,666.8 |
6,994.6 |
6,443.5 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
3,722.0 |
3,152.5 |
1,013.3 |
858.3 |
| Other income |
1,082.3 |
1,514.0 |
294.7 |
412.2 |
| Share of Profit of Associates |
15.8 |
5.9 |
4.3 |
1.6 |
| Total Operating Income |
4,820.1 |
4,672.4 |
1,312.3 |
1,272.1 |
| |
|
|
|
|
| General Administrative Expenses |
-882.5 |
-804.4 |
-240.3 |
-219.0 |
| Provisions/ Impairments |
-1,249.3 |
-1,309.8 |
-340.1 |
-356.6 |
| Non-controlling interest |
-2.5 |
-2.9 |
-0.7 |
-0.8 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
2,685.8 |
2,555.3 |
731.2 |
695.7 |
| Basic & Diluted Earnings Per Share |
AED 1.69 |
AED 1.56 |
USD 0.46 |
USD 0.42 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualised |
2.4% |
2.6% |
2.4% |
2.6% |
| Return on Average Equity % - Annualised |
14.4% |
14.8% |
14.4% |
14.8% |
| Cost to Income Ratio |
18.3% |
17.2% |
18.3% |
17.2% |
| Non Interest Income / Total Income |
22.5% |
32.4% |
22.5% |
32.4% |
| Loans / Deposits Ratio |
106.2% |
103.6% |
106.2% |
103.6% |
| Financial Growth Indicators |
6 months ended 30 June 2011 |
6 months ended 30 June 2010 |
6 months ended 30 June 2011 |
6 months ended 30 June 2010 |
| (AED
in Millions) |
(AED
in Millions) |
(USD
in Millions) |
(USD
in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
98,598.5 |
94,205.2 |
26,844.1 |
25,648.0 |
| Non-Trading Investments, Net |
17,035.2 |
16,436.2 |
4,638.0 |
4,474.9 |
| Total Assets |
149,229.4 |
131,528.0 |
40,628.8 |
35,809.4 |
| Customers Deposits |
100,393.5 |
88,428.3 |
27,332.8 |
24,075.2 |
| Shareholders Equity |
24,917.9 |
23,223.7 |
6,784.1 |
6,322.8 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
2,365.6 |
2,080.2 |
644.1 |
566.3 |
| Other income |
818.8 |
1,049.7 |
222.9 |
285.8 |
| Share of Profit of Associates |
11.5 |
-3.6 |
3.1 |
-1.0 |
| Total Operating Income |
3,195.9 |
3,126.3 |
870.1 |
851.1 |
| |
|
|
|
|
| General Administrative Expenses |
-557.9 |
-514.0 |
-151.9 |
-139.9 |
| Provisions/ Impairments |
-870.1 |
-903.6 |
-236.9 |
-246.0 |
| Non-controlling interest |
-2.5 |
-2.0 |
-0.7 |
-0.5 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
1,765.4 |
1,706.7 |
480.6 |
464.7 |
| Basic & Diluted Earnings Per Share |
AED 1.15 |
AED 1.04 |
USD 0.31 |
USD 0.28 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualised |
2.4% |
2.7% |
2.4% |
2.7% |
| Return on Average Equity % - Annualised |
14.4% |
14.9% |
14.4% |
14.9%
|
| Cost to Income Ratio |
17.4% |
16.4% |
17.4% |
16.4% |
| Non Interest Income / Total Income |
25.6% |
33.6% |
25.6% |
33.6% |
| Loans / Deposits Ratio |
98.2% |
106.5% |
98.2% |
106.5% |
| Financial Growth Indicators |
3 months ended 31 March 2011 |
3 months ended 31 March 2010 |
3 months ended 31 March 2011 |
3 months ended 31 March 2010 |
| (AED
in Millions) |
(AED
in Millions) |
(USD
in Millions) |
(USD
in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
97,064.4 |
93,257.2 |
26,426.5 |
25,389.9 |
| Non-Trading Investments, Net |
18,195.3 |
14,519.2 |
4,953.8 |
3,953.0 |
| Total Assets |
142,805.3 |
132,771.7 |
38,879.7 |
36,148.0 |
| Customers Deposits |
98,455.3 |
89,431.8 |
26,805.1 |
24,348.4 |
| Shareholders Equity |
23,947.0 |
22,458.7 |
6,519.7 |
6,114.5 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
1,145.8 |
1,037.3 |
312.0 |
282.4 |
| Other income |
450.5 |
635.1 |
122.7 |
172.9 |
| Share of Profit of Associates |
6.6 |
-13.2 |
1.8 |
-3.6 |
| Total Operating Income |
1,603.0 |
1,659.1 |
436.5 |
451.7 |
| |
|
|
|
|
| General Administrative Expenses |
-266.2 |
-246.2 |
-72.5 |
-67.0 |
| Provisions/ Impairments |
-459.0 |
-492.4 |
-125.0 |
-134.1 |
| Non-controlling interest |
-2.5 |
-0.8 |
-0.7 |
-0.2 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
875.3 |
919.7 |
238.3 |
250.4 |
| Basic & Diluted Earnings Per Share |
AED 0.56 |
AED 0.56 |
USD 0.15 |
USD 0.15 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualised |
2.5% |
2.8% |
2.5% |
2.8% |
| Return on Average Equity % - Annualised |
14.6% |
16.4% |
14.6% |
16.4% |
| Cost to Income Ratio |
16.6% |
14.8% |
16.6% |
14.8% |
| Non Interest Income / Total Income |
28.1% |
38.3% |
28.1% |
38.3% |
| Loans / Deposits Ratio |
98.6% |
104.3% |
98.6% |
104.3% |
Financial Highlights Year 2009 - 2010
| Financial Growth Indicators |
2010 |
2009 |
2010 |
2009 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
95,628.0 |
90,385.9 |
26,035.4 |
24,608.2 |
| Non-Trading Investments, Net |
14,988.3 |
13,482.0 |
4,080.7 |
3,670.6 |
| Total Assets |
140,758.0 |
125,472.5 |
38,322.4 |
34,160.8 |
| Customers Deposits |
98,741.9 |
86,421.9 |
26,883.2 |
23,529.0 |
| Shareholders Equity |
24,124.4 |
22,517.8 |
6,568.0 |
6,130.6 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
4,257.2 |
3,833.7 |
1,159.1 |
1,043.8 |
| Other income |
2,085.6 |
2,301.2 |
567.8 |
626.5 |
| Share of Profit of Associates |
-37.8 |
29.1 |
-10.3 |
7.9 |
| Total Operating Income |
6,305.0 |
6,164.0 |
1,716.6 |
1,678.2 |
| |
|
|
|
|
| General Administrative Expenses |
-1,121.5 |
-1,080.6 |
-305.3 |
-294.2 |
| Provisions/ Impairments |
-1,639.1 |
-1,770.5 |
-446.3 |
-482.0 |
| Non-controlling interest |
-123.9 |
-2.6 |
-33.7 |
-0.7 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
3,420.5 |
3,310.3 |
931.3 |
901.3 |
| Basic Diluted Earnings Per Share |
AED 2.15 |
AED 2.06 |
USD 0.59 |
USD 0.56 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets % - Annualised |
2.6% |
2.8% |
2.6% |
2.8% |
| Return on Average Equity % - Annualised |
14.7% |
16.9% |
14.7% |
16.9% |
| Cost to Income Ratio |
17.8% |
17.5% |
17.8% |
17.5% |
| Non Interest Income / Total Income |
33.1% |
37.3% |
33.1% |
37.3% |
| Loans / Deposits Ratio |
96.8% |
104.6% |
96.8% |
104.6% |
| Financial Growth Indicators |
9 months ended 30 September 2010 |
9 months ended 30 September 2009 |
9 months ended 30 September 2010 |
9 months ended 30 September 2009 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
95,577.4 |
90,013.0 |
26,021.6 |
24,506.7 |
| Non-Trading Investments, Net |
14,986.3 |
12,287.9 |
4,080.1 |
3,345.5 |
| Total Assets |
137,454.4 |
124,321.2 |
37,422.9 |
33,847.3 |
| Customers Deposits |
92,251.1 |
89,365.1 |
25,116.0 |
24,330.3 |
| Shareholders Equity |
24,053.5 |
22,124.5 |
6,548.7 |
6,023.6 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
3,152.5 |
2,818.0 |
858.3 |
767.2 |
| Other income |
1,514.0 |
1,478.9 |
412.2 |
402.6 |
| Share of Profit of Associates |
5.9 |
23.3 |
1.6 |
6.3 |
| Total Operating Income |
4,672.4 |
4,320.2 |
1,272.1 |
1,176.1 |
| |
|
|
|
|
| General Administrative Expenses |
-804.3 |
-798.5 |
-219.0 |
-217.4 |
| Provisions/ Impairments |
-1,309.8 |
-1,065.2 |
-356.6 |
-290.0 |
| Non-controlling interest |
-3.0 |
-1.0 |
-0.8 |
-0.3 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
2,555.3 |
2,455.5 |
695.7 |
668.4 |
| Basic Diluted Earnings Per Share |
AED 1.59 |
AED 1.49 |
USD 0.43 |
USD 0.41 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets - Annualised |
2.6% |
2.8% |
2.6% |
2.8% |
| Return on Average Equity - Annualised |
14.8% |
16.7% |
14.8% |
16.7% |
| Cost to Income Ratio |
17.2% |
18.5% |
17.2% |
18.5% |
| Non Interest Income / Total Income |
32.4% |
34.2% |
32.4% |
34.2% |
| Loans / Deposits Ratio |
103.6% |
100.7% |
103.6% |
100.7% |
| Financial Growth Indicators |
6 months ended 30 June 2010 |
6 months ended 30 June 2009 |
6 months ended 30 June 2010 |
6 months ended 30 June 2009 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
94,205.2 |
86,040.8 |
25,648.0 |
23,425.2 |
| Non-Trading Investments, Net |
16,436.2 |
11,301.6 |
4,474.9 |
3,076.9 |
| Total Assets |
131,528.0 |
118,644.3 |
35,809.4 |
32,301.7 |
| Customers Deposits |
88,428.3 |
83,724.7 |
24,075.2 |
22,794.6 |
| Shareholders Equity |
23,587.1 |
21,366.8 |
6,421.8 |
5,817.3 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income and income from Islamic Financing |
2,080.2 |
1,832.9 |
566.3 |
499.0 |
| Other income |
1,049.7 |
787.2 |
285.8 |
214.3 |
| Share of Profit of Associates |
-3.6 |
12.1 |
-1.0 |
3.3 |
| Total Operating Income |
3,126.3 |
2,632.2 |
851.1 |
716.6 |
| |
|
|
|
|
| General Administrative Expenses |
-513.9 |
-550.2 |
-139.9 |
-149.8 |
| Provisions/ Impairments |
-903.6 |
-555.1 |
-246.0 |
-151.1 |
| Non-controlling interest |
-2.0 |
-1.3 |
-0.5 |
-0.4 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
1,706.8 |
1,525.6 |
464.7 |
415.3 |
| Basic Diluted Earnings Per Share |
AED 1.10 |
AED 0.92 |
USD 0.30 |
USD 0.25 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Average Assets - Annualised |
2.7% |
2.7% |
2.7% |
2.7% |
| Return on Average Equity - Annualised |
14.9% |
15.6% |
14.9% |
15.6% |
| Cost to Income Ratio |
16.4% |
20.9% |
16.4% |
20.9% |
| Non Interest Income / Total Income |
33.6% |
29.9% |
33.6% |
29.9% |
| Loans / Deposits Ratio |
106.5% |
102.8% |
106.5% |
102.8% |
| Financial Growth Indicators |
3 months ended 31 March 2010 |
3 months ended 31 March 2009 |
3 months ended 31 March 2010 |
months ended 31 March 2009 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
93,257.2 |
83,640.4 |
25,389.9 |
22,771.7 |
| Non-Trading Investments, Net |
14,519.2 |
11,567.4 |
3,953.0 |
3,149.3 |
| Total Assets |
132,771.7 |
109,417.2 |
36,148.0 |
29,789.6 |
| Customers Deposits |
89,431.8 |
75,743.5 |
24,348.4 |
20,621.7 |
| Shareholders Equity |
22,458.7 |
20,291.9 |
6,114.5 |
5,524.6 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
1,037.3 |
875.3 |
282.4 |
238.3 |
| Other income |
635.0 |
437.3 |
172.9 |
119.1 |
| Share of Profit of Associates |
-13.2 |
6.0 |
-3.6 |
1.6 |
| Total Operating Income |
1,659.1 |
1,318.6 |
451.7 |
359.0 |
| |
|
|
|
|
| General Administrative Expenses |
-246.2 |
-292.7 |
-67.0 |
-79.7 |
| Provisions/ Impairments |
-492.4 |
-275.0 |
-134.1 |
-74.9 |
| Non-controlling interest |
-0.8 |
-0.6 |
-0.2 |
-0.2 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
919.7 |
750.3 |
250.4 |
204.2 |
| Basic Diluted Earnings Per Share |
AED 0.59 |
AED 0.46 |
USD 0.16 |
USD 0.13 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital - Annualised |
267.6% |
218.3% |
267.6% |
218.3% |
| Return on Average Assets - Annualised |
2.8% |
2.8% |
2.8% |
2.8% |
| Return on Average Equity - Annualised |
16.4% |
15.3% |
16.4% |
15.3% |
| Revenue to Expense Ratio |
6.7 |
4.5 |
6.7 |
4.5 |
| Non Interest Income / Total Income |
38.3% |
33.2% |
38.3% |
33.2% |
| Loans / Deposits Ratio |
104.3% |
110.4% |
104.3% |
110.4% |
Financial Highlights Year 2008 - 2009
| Financial Growth Indicators |
2009 |
2008 |
2009 |
2008 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and Advances, Net |
90,385.9 |
79,363.0 |
24,608.2 |
21,607.1 |
| Non-Trading Investments, Net |
13,482.0 |
9,979.6 |
3,670.6 |
2,717.0 |
| Total Assets |
125,472.5 |
107,521.7 |
34,160.8 |
29,273.5 |
| Customers Deposits |
86,421.9 |
73,962.7 |
23,529.0 |
20,136.9 |
| Shareholders Equity |
22,902.8 |
16,619.6 |
6,235.4 |
4,524.8 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
3,833.7 |
2,580.5 |
1,043.8 |
702.6 |
| Other income |
2,301.2 |
1,961.0 |
626.5 |
533.9 |
| Share of Profit of Associates |
29.0 |
156.9 |
7.9 |
42.7 |
| Total Operating Income |
6,164.0 |
4,698.4 |
1,678.2 |
1,279.2 |
| |
|
|
|
|
| General Administrative Expenses |
-1,080.6 |
-1,134.9 |
-294.2 |
-309.0 |
| Provisions/ Impairments |
-1,770.5 |
-566.3 |
-482.0 |
-154.2 |
| Non-controlling interest |
-2.6 |
8.0 |
-0.7 |
2.2 |
| |
|
|
|
|
| Net Income (Equity holders of the Bank) |
3,310.3 |
3,005.2 |
901.3 |
818.2 |
| Basic Diluted Earnings Per Share |
AED 2.06 |
AED 2.05 |
USD 0.56 |
USD 0.56 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital |
240.8% |
218.6% |
240.8% |
218.6% |
| Return on Average Assets |
2.8% |
3.3% |
2.8% |
3.3% |
| Return on Average Equity |
16.8% |
22.5% |
16.8% |
22.5% |
| Revenue to Expense Ratio |
5.7 |
4.1 |
5.7 |
4.1 |
| Non Interest Income / Total Income |
37.8% |
45.1% |
37.8% |
45.1% |
| Loans / Deposits Ratio |
104.6% |
107.3% |
104.6% |
107.3% |
| Growth Indicators |
9 months ended 30 September 2009 |
9 months ended 30 September 2008 |
9 months ended 30 September 2009 |
9 months ended 30 September 2008 |
| AED in Millions) |
AED in Millions) |
USD in Millions) |
(USD in Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
90,013.0 |
75,991.4 |
24,506.7 |
20,689.2 |
| Non-Trading Investments, Net |
12,287.9 |
10,982.3 |
3,345.5 |
2,990.0 |
| Total assets |
124,321.2 |
103,914.6 |
33,847.3 |
28,291.5 |
| Customers deposits |
89,365.1 |
66,679.5 |
24,330.3 |
18,154.0 |
| Shareholders Equity |
22,124.5 |
16,138.4 |
6,023.6 |
4,393.8 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
2,818.0 |
1,800.7 |
767.2 |
490.3 |
| Other income |
1,478.9 |
1,483.6 |
402.6 |
403.9 |
| Share of profit of associates |
23.3 |
141.9 |
6.3 |
38.6 |
| Total Operating Income |
4,320.2 |
3,426.2 |
1,176.1 |
932.8 |
| |
|
|
|
|
| General Administrative expenses |
-798.5 |
-724.1 |
-217.4 |
-197.1 |
| Provisions/ Impairments |
-1,065.2 |
-368.2 |
-290.0 |
-100.2 |
| Non-controlling interest |
-1.0 |
0.0 |
-0.3 |
0.0 |
| |
|
|
|
|
| Net Income |
2,455.5 |
2,333.9 |
668.7 |
635.5 |
| |
|
|
|
|
| Basic Diluted Earnings Per Share |
AED 1.52 |
AED 1.66 |
USD 0.41 |
USD 0.45 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital |
238.1% |
226.3% |
238.1% |
226.3% |
| Return on Average Assets |
2.8% |
3.5% |
2.8% |
3.5% |
| Return on Average Equity |
16.6% |
23.3% |
16.6% |
23.3% |
| Revenue to Expense Ratio |
5.4 |
4.7 |
5.4 |
4.7 |
| Non Interest Income / Total Income |
34.8% |
47.4% |
34.8% |
47.4% |
| Loans / Deposits Ratio |
100.7% |
114.0% |
100.7% |
114.0% |
| Growth Indicators |
6 months ended 30 June 2009 |
6 months ended 30 June 2008 |
6 months ended 30 June 2009 |
6 months ended 30 June 2008 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
86,040.8 |
65,739.1 |
23,425.2 |
17,897.9 |
| Non-Trading Investments, Net |
11,301.6 |
9,727.4 |
3,076.9 |
2,648.4 |
| Total assets |
118,644.3 |
94,324.7 |
32,301.7 |
25,680.6 |
| Customers deposits |
83,724.7 |
61,172.2 |
22,794.6 |
16,654.6 |
| Shareholders Equity |
21,366.8 |
11,302.3 |
5,817.3 |
3,077.1 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
1,832.9 |
1,047.5 |
499.0 |
285.2 |
| Other income |
787.2 |
1,093.3 |
214.3 |
297.7 |
| Share of profit of associates |
12.1 |
98.6 |
3.3 |
26.8 |
| Total Operating Income |
2,632.2 |
2,239.3 |
716.6 |
609.7 |
| |
|
|
|
|
| General Administrative expenses |
-550.2 |
-456.8 |
-149.8 |
-124.4 |
| Provisions/ Impairments |
-555.1 |
-298.8 |
-151.1 |
-81.4 |
| Non-controlling interest |
-1.3 |
0.0 |
-0.4 |
0.0 |
| |
|
|
|
|
| Net Income |
1,525.6 |
1,483.7 |
415.7 |
403.9 |
| |
|
|
|
|
| Basic Diluted Earnings Per Share |
AED 0.97 |
AED 1.08 |
USD 0.26 |
USD 0.29 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital |
221.9% |
215.8% |
221.9% |
215.8% |
| Return on Average Assets |
2.7% |
3.5% |
2.7% |
3.5% |
| Return on Average Equity |
15.4% |
22.2% |
15.4% |
22.2% |
| Revenue to Expense Ratio |
4.8 |
4.9 |
4.8 |
4.9 |
| Non Interest Income / Total Income |
30.4% |
53.2% |
30.4% |
53.2% |
| Loans / Deposits Ratio |
102.8% |
107.5% |
102.8% |
107.5% |
| Growth Indicators |
3 months ended 31 March 2009 |
3 months ended 31 March 2008 |
3 months ended 31 March 2009 |
3 months ended 31 March 2008 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USD in Millions) |
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
83,640.4 |
54,319.9 |
22,771.7 |
14,789.0 |
| Non-Trading Investments, Net |
11,567.4 |
8,771.2 |
3,149.3 |
2,388.0 |
| Total assets |
109,417.2 |
84,810.3 |
29,789.6 |
23,090.2 |
| Customers deposits |
75,743.5 |
50,823.0 |
20,621.7 |
13,836.9 |
| Shareholders Equity |
20,652.6 |
10,501.3 |
5,622.8 |
2,859.1 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
875.3 |
424.0 |
238.3 |
115.4 |
| Other income |
437.3 |
559.9 |
119.1 |
152.4 |
| Share of profit of associates |
6.0 |
42.2 |
1.6 |
11.5 |
| Total Operating Income |
1,318.6 |
1,026.1 |
359.0 |
279.3 |
| |
|
|
|
|
| General Administrative expenses |
-292.7 |
-209.1 |
-79.7 |
-56.9 |
| Provisions/ Impairments |
-275.0 |
-141.6 |
-74.9 |
-38.6 |
| Non-controlling interest |
-0.6 |
0.0 |
-0.2 |
0.0 |
| |
|
|
|
|
| Net Income |
750.3 |
675.4 |
204.4 |
183.8 |
| |
|
|
|
|
| Basic & Diluted Earnings Per Share |
AED 0.47 |
AED 0.49 |
USD 0.13 |
USD 0.13 |
| |
|
|
|
|
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital |
218.3% |
196.5% |
218.3% |
196.5% |
| Return on Average Assets |
2.8% |
3.4% |
2.8% |
3.4% |
| Return on Average Equity |
15.2% |
20.2% |
15.2% |
20.2% |
| Revenue to Expense Ratio |
4.5 |
4.9 |
4.5 |
4.9 |
| Operating Income Increase |
28.5% |
82.0% |
28.5% |
82.0% |
| Non Interest Income / Total Income |
33.6% |
58.7% |
33.6% |
58.7% |
| Loans / Deposits Ratio |
110.4% |
106.9% |
110.4% |
106.9% |
Financial Highlights Year 2007 - 2008
| Growth Indicators |
2008 |
2007 |
2008 |
2007 |
| (AED in Millions) |
(AED in Millions) |
(USD in Millions) |
(USDi n Millions) |
| |
|
|
|
|
| Balance Sheet |
|
|
|
|
| Loans and advances, Net |
79,363.0 |
44,409.3 |
21,607.1 |
12,090.7 |
| Non-Trading Investments, Net |
9,979.6 |
10,110.2 |
2,717.0 |
2,752.6 |
| Total assets |
107,521.7 |
73,197.5 |
29,273.5 |
19,928.5 |
| Customers deposits |
73,962.7 |
52,256.1 |
20,136.9 |
14,227.1 |
| Shareholders Equity |
16,619.6 |
10,120.4 |
4,524.8 |
2,755.3 |
| |
|
|
|
|
| Income Statement |
|
|
|
|
| Net interest income |
2,580.5 |
1,331.3 |
702.6 |
362.5 |
| Other income |
1,961.0 |
1,421.8 |
537.6 |
387.1 |
| Share of profit of associates |
156.9 |
72.7 |
39.0 |
19.8 |
| Total Operating Income |
4,698.4 |
2,825.8 |
1,279.2 |
769.4 |
| |
|
|
|
|
| General Administrative expenses |
-1,134.9 |
-610.7 |
-309.0 |
-166.3 |
| Provisions |
-566.4 |
-206.9 |
-154.2 |
-56.3 |
| |
|
|
|
|
| Net Income for the period |
3,005.3 |
2,008.2 |
816.0 |
546.8 |
| |
|
|
|
|
| Basic Earnings Per Share |
AED 2.10 |
AED 1.46 |
USD 0.57 |
USD 0.40 |
| |
|
|
|
|
| Ratios |
|
|
|
|
| Return on Capital |
218.6% |
160.7% |
218.6% |
160.7% |
| Return on Average Assets |
3.3% |
3.3% |
3.3% |
3.3% |
| Return on Average Equity |
22.5% |
21.0% |
22.5% |
21.0% |
| Operating Income / Operating Expense |
4.1 |
4.6 |
4.1 |
4.6 |
| Operating Income Increase |
66.3% |
36.6% |
66.3% |
36.6% |
| Non Interest Income / Total Income |
45.1% |
52.9% |
45.1% |
52.9% |
| Loans / Deposits Ratio |
107.3% |
85.0% |
107.3% |
85.0% |
