Earnings Presentation 2Q 2020 Results Disclaimer The National - - PowerPoint PPT Presentation
Earnings Presentation 2Q 2020 Results Disclaimer The National - - PowerPoint PPT Presentation
The National Commercial Bank Earnings Presentation 2Q 2020 Results Disclaimer The National Commercial Bank (NCB) prepared this presentation on a proprietary basis as general background information about the activities of NCB. The information
NCB Investor Relations | 2Q 2020 Earnings Presentation
Disclaimer
2
The National Commercial Bank (NCB) prepared this presentation on a proprietary basis as general background information about the activities of NCB. The information contained herein is given in summary form and for discussion purposes only. Some of the information that is relied upon by NCB is
- btained from sources believed to be reliable, but NCB (nor any of its directors, officers, employees, agents, affiliates or subsidiaries) does not guarantee
the accuracy or completeness of such information, and disclaims all liability or responsibility for any loss or damage caused by any act taken as a result
- f the information. This presentation including the information covered therein is not intended either to be relied upon or construed as an advertisement
for, or an offer, solicitation or invitation to sell or issue, or to subscribe, underwrite or otherwise acquire any securities in any jurisdiction. It should and must not be treated as giving tax, legal, investment or other specialist advice or a recommendation to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. Neither shall any part of this information nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision or commitment relating thereto, nor does it constitute a recommendation regarding the subject of this presentation. All statements included in this presentation other than statements of historical facts, including, without limitation, those regarding financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives) are forward-looking statements and may thus include words like "anticipate", "believe", "intend", "estimate", "expect", "will", "may", "project", "plan" and such other words of similar meaning. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the relevant future business
- environment. Any forward-looking statements speak only as of the date of this presentation and NCB expressly disclaims to the fullest extent permitted
by law any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Nothing in the foregoing is intended to or shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. Due to rounding, numbers and percentages presented throughout this presentation may not add up precisely to the totals provided. NCB is not under any obligation to update, complete, amend, revise or keep current the information contained herein, and any opinions expressed herein are subject to change materially without notice. Accordingly, no representation or warranty, express or implied, is or will be made by NCB, their respective advisors or any such persons’ directors, officers or employees, or any other person as to the accuracy, completeness or fairness of the information or
- pinions contained in this presentation, and any reliance you place on them will be at your sole risk. Investors must rely solely on their own examinations
- f the Offering and relevant documentation in making a determination as to whether to invest in the securities described. An investor should seek
independent professional advice when deciding if an investment is appropriate. Securities that may be discussed herein may not be suitable for all
- investors. Investors are required to make their own independent investigation and appraisal of the business and financial condition of NCB and its
subsidiaries, the nature of the securities and the merits or suitability of the securities or any transaction to any investor’s particular situation and
- bjectives, including the possible risks and benefits of purchasing any securities. Any such determination should involve an assessment of the legal, tax,
accounting, regulatory, financial, credit or other related aspects of the offering or the securities. Without prejudice to the foregoing, NCB, their advisors and any such persons’ directors, officers or employees expressly disclaim any liability whatsoever, in negligence or otherwise, for any loss howsoever arising, directly or indirectly, from use of, or reliance on, this presentation or its contents or otherwise arising in connection therewith.
NCB Investor Relations | 2Q 2020 Earnings Presentation
T1 Ratio ( (%) %) COR Ratio & & NSCI M I Margi rgin n (%) %) 17.6% 17.2% 18.0% 16.0% 18.0% 1H 19 9M 19 FY 19 1Q 20 1H 20
0.3% 0.5% 0.5% 0.6% 0.8% 3.8% 3.8% 3.8% 3.6% 3.5%
(0) (0)
1H 19 9M 19 FY 19 1Q 20 1H 20
CoR NSCI Margin
Key Messages
3
Covid-19 disruptions impact 1H 20 performance
- 1. NCB has adjusted to the new normal
- 2. 1H20 performance materially impacted by Covid-19
- 3. Revision to 2020 financing growth guidance
- 4. 2020 strategy progressing well;
- perational strength in digital & mortgage
Net et i income e (SA SARbn) Fina nanc ncing ng (SA SARbn) Mort rtga gage ge (SA SARbn) Digital al S Sal ales P Penetrat ation 282 316 +12%
100 200 300 400 500 600 700 8004Q 19 2Q 20 37 52 +42%
(10) 10 30 50 70 90 110 130 1504Q 19 2Q 20 5.46 4.92
- 10%
1H 19 1H 20 28 28% 51 51% 66 66%
1 1 1 1 1 1
2018 2019 1H 20
NCB Investor Relations | 2Q 2020 Earnings Presentation
> SAR 224bn Key Government Support
NCB Response
Compliant with SAMA Measures
Government Response
Key Government Measures
Operating Environment
Banking sector impacted by Covid-19 measures,
- il market, interest rates and contraction in GDP
4 Sources: IMF, Opec, Ministry of Finance, SAMA and Social Development Bank (IMF projections based on June 2020 WEO)
1.89% 0.99% 1.78% 0.30%
(0) (0)
Interbank Rates (%)
3M SAR SAIBOR 3M USD LIBOR
1.7%
- 0.7%
2.4% 0.3%
- 6.8%
3.4% 3.9% 3.6% 2.9%
- 4.9%
1.7% 2.5% 2.2% 1.7%
- 8.0%
- 9.0%
- 7.0%
- 5.0%
- 3.0%
- 1.0%
2016 2017 2018 2019 2020F
Real GDP Growth
KSA World Advanced Economies Healthcare
Containment & Treatment
Government Debt to GDP Ceiling
Up to 50%
Expenditure Rationalization
Opex & Capex
VAT increases to
15%
POS & e- commerce Fees
SAR0.8 bn
Loan Guarantee Program
SAR6 bn
Funding for Lending Program
SAR13.2 bn
Deferred Payment Program
SAR50.3 bn
SAMA - PSFP SAR 70.3bn
Deferrals and Exemptions
SAR43 bn
SDB: SMEs & Families
SAR12 bn
Healthcare sector support
SAR47 bn
Private Sector Support
SAR70 bn
9.2 10.5 10.0 10.3 9.8 40.9 52.4 70.1 64.5 40.0
0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.05 10 15 20 25
2016 2017 2018 2019 2020F
Oil Production
Oil Production (Mb/d) Average Oil Price (USD)
Serving our Customers
Cash availability across ATMs, branches & remittance centers
100%
Digital channel availability
99.7%
Digital account
- pening
87%
Branches Operational
100%
NCB Investor Relations | 2Q 2020 Earnings Presentation
2020 Strategy Progress
Accelerated focus on Retail & Digital
5
Strategic Enablers
Dig igit ital Pr Product uctivity
Accelerat ate d digital al tran ansformat ation Inc Incre rease Opera rationa nal Efficienc ncy
- Digital sales
- Advanced analytics
- Lean distribution
- Robotics & AI
1H 2020 Update
- Digital Transactors (% of total base): 72.8%
- Digital Account Opening: 87.2%
- NCB 1H20 C/I 31% (NCB Group 32%)
- 130 bots (+75 YTD)
- 333 self-service kiosks (+22 YTD)
Funding
Cu Curre rrent A t Accounts ts Wh Whole lesale le Fund nding ng
Grow C Current Accou
- unts
Expand nd Fundi nding ng Opt Options
- Digital & physical
distribution
- Cash management
- Customer coverage
models
- Programs across
maturity and seniority spectrums
- Mix and cost
- ptimization
1H 2020 Update
- CASA +17% YTD
- Affluent Banking
proposition enhancements
- SAR 5bn long-term
diversified funding YTD
- SAR 4.2bn T1 Sukuk
issued & SAR 1bn Sukuk redemption
Asset Deployment
Reta tail Cor
- rpor
- rat
ate Treasur sury Subsid idia iarie ies
Grow M Mort rtga gage ges Im Impro rove R Returns rns Sustain Inv n Investment nt Retur urns s Grow Val Value Cont ntri ribu bution
- Sales channels
- Digitization
- Mega financing
- SME
- Transaction banking
- Recurring revenues
- Portfolio liquidity &
quality
- Key business lines
- Efficiency &
productivity 1H 2020 Update
- +42% Mortgage
growth
- SAR 52bn Mortgage
balance 1Q 2020 Update
- +9% Financing
growth
- Cash Mgmt Coverage
- up. POS M.S. +1.6ppts
1Q 2020 Update
- +16% 2Q 2020 NSCI
- Stable 172% LCR,
>85% IG portfolio 1Q 2020 Update
- TFKB 1H NI +97%
(TRY), C/I 40.5% YTD
- NCBC 1H NI +31% YoY,
CI 33% YTD
NCB Investor Relations | 2Q 2020 Earnings Presentation
1H 2020 Financial Highlights
6
1H 20 performance impacted by Covid-19
RO ROE
15.2%
- 282 bps
YoY
ROA OA
1.9%
- 49 bps
YoY
Net et I Income e (SAR mn)
4,922
- 10%
YoY
Total A Asse ssets s (SAR bn)
557.3
+10%
YTD
Ope peratin ing In Income (SAR mn)
10,071
+1%
NSCI
7,895
+3%
YoY
NSCI Margin Fee & Other Income
2,176
- 7%
YoY
Cost st t to I Inco come me Rat Ratio
- 83 bps
Cos
- st of
- f Ri
Risk
0.8%
+48 bps
YoY
NPL C Cover erage e Rat Ratio
140.9% +279 bps
YTD
Fina nanc ncing ng (SAR bn)
+12%
Inves estmen ents (SAR bn)
146.3
+9%
YTD
EPS PS (SAR)
- 10%
YoY
1.76 1.58
1H 19 1H 20
282 316
4Q 19 2Q 20
3.77% 3.46%
1H 19 1H 20
32.8% 32.0%
1H 19 1H 20
Cust ustome mers’ s’ Dep Deposits (SAR bn)
+8% 353 380
4Q 19 2Q 20
Mor
- rtgag
age (SAR bn)
+42% 37 52
4Q 19 2Q 20
DP DPS (SAR)
1.10
- 1H 19
1H 20*
* 1H 2020 Dividend deferred; retaining capital in an uncertain environment and preserving capacity to support lending activities.
NCB Investor Relations | 2Q 2020 Earnings Presentation
Asset Deployment
Healthy balance sheet growth from financing and investments
7
282 305 316 134 133 146 62 54 53 29 43 42 507 535 557
1 1 1 14Q 19 1Q 20 2Q 20
Tot
- tal Assets C
Com
- mpos
- sition
- n
(S (SARb Rbn) n)
Financing Investments Cash, Bank & SAMA Other
535 477 557
100 200 300 400 500 600 700 8002Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Tot
- tal Assets T
Trend nd (S (SARb Rbn) n)
507.3 34.0 12.2 (9.4) 13.2 557.3 +10%
0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.004Q 19 Financing Invest- ments Cash, Bank & SAMA Other 2Q 20
Movement nt in T n Tot
- tal A
Assets (S (SARb Rbn) n)
NCB Investor Relations | 2Q 2020 Earnings Presentation
282.3 15.4 (0.4) 11.3 4.1 3.8 316.3 +12%
10 20 30 40 50 60 70 80 90 1004Q 19 Mortgages Other Corporate FI Inter- national 2Q 20
Movement nt in F n Fina nanc ncing ng (S (SARb Rbn) n)
Financing
Financing growth of 12% from strong Retail mortgages, Corporate, FI and International
8
Reta etail +SAR 15.0bn (+12%)
Guida danc nce +12%-14%
131 111 139
20 40 60 80 100 120 140 160 180 2002Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Retail (S (SARb Rbn) n)
138 133 139
50 100 150 200 250Cor
- rpor
- rate (S
(SARb Rbn) n)
20 20 23
5 10 15 20 25 30 35 402Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Int nterna nationa
- nal (S
(SARb Rbn) n)
NCB Investor Relations | 2Q 2020 Earnings Presentation
Investments
Investment portfolio increased 9% from continued participation in SGBs and high-quality securities
Saudi Government securities 50% Other investment grade 35% Non- investment grade 8% Equity &
- thers
7%
Investment nts b by y Credit Grade (S (SARb Rbn) n)
Fixed rate securities 54% Floating rate securities 37% Equity instruments & others 9%
Investment nts b by y Typ ype (S (SARb Rbn) n)
134 34 146 46
20 40 60 80 100 120 140 1604Q 19 2Q 20
134.1 4.6 4.0 3.7 (0.1) 146.3 +9%
20 40 60 80 100 1204Q 19 Saudi Government securities Other investment grade Non- investment grade Equity &
- thers
2Q 20
Movement nt in n Investment nts (S (SARb Rbn) n)
134 34 146 46
20 40 60 80 100 120 140 160 1804Q 19 2Q 20
9
NCB Investor Relations | 2Q 2020 Earnings Presentation
507.3 39.3 (16.1) 11.9 1.1 3.7 (1.5) 0.5 (0.3) 557.3 +10% 7.3 4.1
50 100 150 200 2504Q 19 CASA Time Other CASA Time Other Inter- bank Debt Other Liabil- ities Total Equity 2Q 20
Movement i nt in n Fund nding ng (S (SARb Rbn) n)
CASA 77% Time 19% Others 4%
Cust ustomers' s' D Deposi sits M s Mix (S (SARb Rbn) n)
Interbank 15% Customers' deposits 79% Debt 0% Other 6%
Total al Liab iabil ilitie ities M Mix ix (SARbn)
Funding
Balance sheet growth funded by growth in CASA and interbank balances
10
Do Domest stic De Deposi sits +SAR 24.2bn (+7%) 43 437 48 483
100 200 300 400 500 6004Q 19 2Q 20 353 53 380 80
100 200 300 400 500 6004Q 19 2Q 20 Int Interna rnational De Deposi sits +SAR 2.8bn (+11%)
NCB Investor Relations | 2Q 2020 Earnings Presentation
* Impairments include impairment charges for financing and investments
Net Income
Decline in net income due to Covid-19 impact, lower fee income and higher credit cost
11
2.4% 1.9%
- 49 bps
1H 19 1H 20
RO ROA (% (%)
1.76 1.58
- 10%
1H 19 1H 20
EPS PS (S (SAR) R)
18.0% 15.2%
- 282 bps
1H 19 1H 20
RO ROE (% (%)
5,461 233 (164) 61 (754) (16) 133 (32) 4,922
- 10%
1H 19 NSCI Fee & Other Income Expenses Impair- ments* Other Non- Operating Zakat & Income Tax Minorities 1H 20
Net I Inc ncom
- me aft
fter Z Zakat and nd I Inc ncom
- me Tax a
x attributed t to E
- Equity
y Hol
- lders (S
(SARm Rmn) n)
NCB Investor Relations | 2Q 2020 Earnings Presentation
7,662 104 (38) 452 (524) 144 104 (11) 7,895 +3%
3.77% +4 bps
- 40 bps
+3 bps
- 12 bps
+11 bps +2 bps
- 0 bps
+1 bps 3.46%
2
- 1,000
1H 19 Retail Corporate Other Investments Deposit mix & cost Wholesale funding Other International 1H 20
Movement i nt in n Net S Special Com
- mmission
- n Inc
ncom
- me (S
(SARm Rmn) & n) & NSCI M Mar argin in (%)
NSCI and Margin
Net special commission income grew 3% YOY; Margin impacted by lower rate environment
Guida danc nce 3.40%-3.60%
1.2% 0.7% 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Fund nding ng co cost (%) (%)
4.9% 4.0% 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Commi mmission y yield ld (%)
12
3.8% 3.3% 2.8% 1.12% 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
NSC NSCI m margin n & & Avg Int nterbank nk R Rate (%) (%)
NSCI margin 3M SAR SAIBOR
Fina nanc ncing ng Mix & Y Yield +SAR 31mn Quarterly Figures
NCB Investor Relations | 2Q 2020 Earnings Presentation
81 254 2,340 (46) (26) 106 (16) 26 101 (273) (35) 2,176 1,922 2,259
- 7%
500 1,000 1,500 2,000 2,500 3,000 3,500
1H 19 Finance & lending Trade finance
- Inv. mgt.
& brokerage Credit cards Others Exchange Income Investment- related income Other
- perating
expenses 1H 20
Fee a ee and O Other er Income M me Movemen ement (SARm Rmn)
Fee & Other Income
Fee and other income declined due to lower investment related income, fee waivers and higher other operating expenses; partly
- ffset from FX and investment management fees
624 615 628
200 400 600 800 1,000 1,2002Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Fee f ee from b m banking ser ervices es (S (SARm Rmn) n)
314 290 316
100 200 300 400 500 6002Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Exc xchang nge I Inc ncom
- me (S
(SARm Rmn) n)
*
490 332 20
100 200 300 400 500 600 700 8002Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Inves estmen ment-rel elated ed I Income me (SARm Rmn)
* Includes adjustments for adoption IFRS9/15 relating to fees amortization Do Domest stic Int Interna rnational Fees ees f from Banking Ser ervices es +SAR 44mn (+4%)
13
NCB Investor Relations | 2Q 2020 Earnings Presentation
Operating Expenses
Lower operating expenses from decreased employee related expenses and other G&A
14
Do Domest stic Int Interna rnational
32.8% 32.5% 30.7% 31.9% 32.0% 31.2% 31.0% 29.3% 30.9% 31.0% 1H 19 9M 19 FY 19 1Q 20 1H 20
Cos
- st to I
- Inc
ncom
- me Ra
Ratio (Y
- (YTD
TD %)
Group (%) Excluding International (%)
Guida danc nce < 33%
3,282 (32) (19) 11 (21) 3,221 2,837 384 2,915 367
- 2%
1H 19 Employee- related Rent & premises Deprecia- tion & amorti- zation Other G&A 1H 20
1H H 20 0 Op Oper erating Ex Expen enses es M Movemen ement (S (SARm Rmn) n)
NCB Investor Relations | 2Q 2020 Earnings Presentation
Cost of Risk for Financing
Increase in impairments from Covid-19 related adjustments and impacts
0.3% 0.6% 0.8% 1H 19 9M 19 FY 19 1Q 20 1H 20
Gro roup
0.5% 0.3% 0.3% 1H 19 9M 19 FY 19 1Q 20 1H 20
Retail ail
0.1% 0.4% 1.1%
(0)1H 19 9M 19 FY 19 1Q 20 1H 20
Corporat ate
1.4% 2.7% 2.3% 1H 19 9M 19 FY 19 1Q 20 1H 20
Int nterna nationa
- nal
CoR
- R (%)
%)
472
(102)
42 768 107 13 (41) 1,258
+166%
- 200
1H 19 Impairments Recoveries & Other Impairments Recoveries & Other Other International 1H 20
Movement i nt in n Impairment nts (S (SARm Rmn) n)
Corp rpora rate te + SAR 727 mn Reta etail
- SAR 60 mn
15
NCB Investor Relations | 2Q 2020 Earnings Presentation
5,329 133 633 (183) 5,912 +11%
- 1,000
4Q 19 Retail Corporate International 2Q 20
Movement i nt in n NPL PLs (S (SARm Rmn) n)
Credit Quality
Credit quality weakened from Covid-19 impact
Domesti estic +SAR 766mn (+21%)
16
145% 138% 141% 1.8% 2.1% 1.8%
120% 130% 140% 150% 160% 170% 180% 190% 200%2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Gro roup
278% 277% 221% 0.5% 0.6% 0.5%
200% 250% 300% 350% 400%2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Retail ail
141% 152% 150% 2.4% 2.5% 2.6%
134% 136% 138% 140% 142% 144% 146% 148% 150% 152% 154%2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Corporat ate
81% 62% 75% 5.5% 9.7% 6.1%
20% 40% 60% 80% 100% 120%2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Int nterna nationa
- nal
NPL Ratio NPL Coverage
NCB Investor Relations | 2Q 2020 Earnings Presentation
T1 Guida danc nce 16% - 18%
Capital
Capital position comfortably above regulatory minima
0.79 (2.84) 0.88
3.7 (3.6)
(5) (4) (3) (2) (1) 1 2 3 4 5
4Q 19 1Q 20 2Q 20
Ot Other er Res eser erves es ( (SARbn)
390.3 34.8 0.2 (4.6) 420.8 +8%
- 50.0
4Q 19 Credit risk Operational risk Market risk 2Q 20
Movement i nt in n RW RWA (S (SARb Rbn) n)
15.8% 15.4% 16.2% 14.4% 15.6% 17.6% 17.2% 18.0% 16.0% 18.0% 18.4% 18.0% 18.7% 16.9% 19.0% 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Cap apit ital al R Ratio atios ( (%)
CET1 ratio T1 ratio TC ratio 73.2 4.9 3.2 (3.6) 79.9 2.2 +9%
- 20.0
4Q 19 Net Income Net Sukuk Issuance 2019 Final Dividend Other 2Q 20
Movement nt in T n Tot
- tal C
Capital (S (SARb Rbn) n)
17
NCB Investor Relations | 2Q 2020 Earnings Presentation
* Headline ratio, which does not equate to SAMA regulatory LDR ratio
Liquidity
Strong and stable liquidity profile maintained
18
92 92 99 113 112 50 53 59 64 68 185.5% 173.2% 168.9% 176.1% 165.0%
(5) 15 35 55 75 95 115 135 1 1 1 1 1 2 2 2 22Q 19 3Q 19 4Q 19 1Q 20 2Q 20
LCR Ra R Ratio
- (%
(%)
HQLA (SARbn) Net cash outflows (SARbn) LCR
13.0% 12.6% 12.8% 11.4% 12.4% 2Q 19 3Q 19 4Q 19 1Q 20 2Q 20
Basel I III L Leverage Ra Ratio
- (%
(%)
330 334 343 362 384 263 271 275 309 319 125.5% 123.2% 124.4% 117.1% 120.0%
(18) 82 182 282 382 482 582 1 1 1 1 1 1 1 1 1 1 22Q 19 3Q 19 4Q 19 1Q 20 2Q 20
NSF NSFR R Ratio (%) (%)
Available stable funding (SARbn) Required stable funding (SARbn) NSFR
83.9% 82.4% 79.9% 81.3% 83.1%
1 1 1 1 12Q 19 3Q 19 4Q 19 1Q 20 2Q 20
LDR Ra R Ratio*
- * (%
(%)
NCB Investor Relations | 2Q 2020 Earnings Presentation
2020 Guidance
19
Financing guidance revised upwards; Possibility of varied outcomes persists
Mac acro ro-Ec Econ
- nom
- mic O
Out utlook look
202 020 0 Or Original l Ou Outlo look 202 020 0 Expe xpected Ou Outlo look Oil il P Pric ice USD 60 / bbl USD 40 / bbl US F Fed d Rates Stable Stable rest of 2020 GDP DP Growth Real GDP 2.3% Real GDP -6.8% Fisca cal Bal alan ance Deficit 6.4% of GDP Deficit 11.4% of GDP Inf Inflation 2.0% 0.9%
NC NCB B Financial G Guidance
FY Y 201 019 9 Rep eported ed 2Q Q 202 020 Rep eported ed FY Y 202 020 Guida danc nce FY Y 202 020 Outlook
- ok
Fina nanc ncing ng Gro rowth +6.5% +12% +8% - 10% Revised +12%-14% NSCI M I Margi rgin 3.77% 3.46% 3.40% - 3.60% Within Guidance Cos
- st to I
- Incom
- me
30.7% 32.0% Below 33% Within Guidance Cost st of R f Risk sk 0.51% 0.82% 0.8% - 1.0% Within Guidance Tier 1 CAR 18.0% 18.0% 16% - 18% Within Guidance
Macroeconomic Indicator Sources: IMF, Opec (June 2020)
Q&A SESSION
2Q 2020 Results
20
ADDITIONAL INFORMATION
2Q 2020 Results
21
NCB Investor Relations | 2Q 2020 Earnings Presentation
Cont ntact ct U Us
The National Commercial Bank P.O. Box 3555 21481 Jeddah, Kingdom of Saudi Arabia
- Mr. Abdulbadie Alyafi
Head Of Investor Relations investorrelations@alahli.com
More
- re I
Inform formation
- n
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- Financial statements
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22