Ahli Bank Q.P.S.C. (ABQK) Earnings Call Transcript & Summary

Good afternoon. This is the Ahli Bank team. Welcome to the ABQFS Conference Call 2025 Results. We'll be discussing in some detail what happened during this quarter and so on. Thank you. Good afternoon. Please introduce yourselves. Anybody who has joined the call, please introduce yourselves. Thank you. This Ahli Bank team. My name is Shankar. I'm joined by Trevor, who is a Strategic Adviser to the Board. So we welcome you all to this investor conference call Q3 2025. We'll be discussing the financial results. I'll just go through that. If there is anybody, just please at least say hello, and we can discuss -- take some specific questions if you have. Thank you. Good afternoon. So just a brief discussion about the KPIs, key highlights. Net profit grew steadily at 4.5% to QAR 676 million from QAR 647 million in September 2024. That's a very healthy growth. Loans and advances grew at 7.2%, reached a number of QAR 38 billion. Customer deposits also showed a strong growth. It is strong 9.8% to QAR 35 billion from QAR 32 billion. So that's a very healthy growth. Strong investment portfolio, primarily bonds, we'll discuss that, also grew by about 19.6% September '24 versus September '25. So overall, there is a growth in total assets of about 5%. We think the results are very satisfactory, in line with what we have been forecasting or giving guidance. So it's one of those Ahli Bank thing where the quarter-over-quarter, there is no surprise. It's steady growth, steady income growth all across. There is overall a very satisfactory performance. I'll pause here. If there is anything specific, we can discuss. Otherwise, I'll just go through some key numbers again in the financial statement. You can see the details. The investor presentation will be updated and will be available in the website very soon. In the meanwhile, we can go through some quick other qualitative details like NPL ratio and NPL trends, et cetera. The NPL stood at about 3% with a coverage of about 235%, which was almost same as the previous quarter. Once again, very conservatively provisioned. The total provision amount was also significantly higher than ever before, highest ever in September '25, QAR 2.8 billion provisioning on the loans, all the three stages, Stage 1, Stage 2, Stage 3. So very conservatively provisioned. Good set of numbers. I'll pause once again. If there is anything required, let us know. The other details we can provide is about the EMTN, which was repaid in September, so one tranche, that was tranche 4 which was repaid. So if you can recall, we issued one tranche in March 2025. So once again, successfully dealt with, both the issuance as well as repayment. The Tier 1, of course, is the next question people are asking in our general interaction with investors. The AT1 comes for a call option during February 2026. So we will take an appropriate decision in line with the market practices. We don't have anything to add at this point in time. So overall capital adequacy is north of 20%. If there is any questions, please, I'll pause here. We will pause here. I'm joined by Trevor Bailey, Strategic Adviser to the Board. My name is Shankar, once again introducing myself. So let us know if you have any questions, please. Thank you. Good afternoon. This is Ahli Bank. Participants for the financial statement conference call, to the investors covering the Q3 2020 financials, we just briefed you about the overview of all the results and with some details about capital, about EMTNs, about growth, about segments that have grown and the profitability, et cetera. If there is any questions, please feel free to ask. I have with me Mr. Trevor Bailey, the Strategic Adviser to the Board. My name is Shankar, Chief Executive Finance and Strategy. We'll just pause here and wait for any questions. Thank you very much. Good afternoon, this Ahli Bank team waiting for any questions from any investors. In case you have any questions, you can also drop an e-mail to us. We'll respond, as always, very quickly. If you have any specific queries, please let us know. In this call itself, we can try and address. So we covered the financials Q3 for September ended 2025. Net profit grew by 4.5%. For those who have joined just now, I'll just cover it quickly. Loans and advances grew by 7.2%, which is very healthy. Customer deposits also grew. So both assets overall have grown, including investment book by about 19.6%. Net profit has also grown. The rate actions by Fed and QCB have some impact on us. In the short term, it has always been negative because of the downward pressure on the yield on loans, et cetera. The loans get repriced lower. So that puts some pressure on the yield. But that's only short term. The cost of funds will also get adjusted, and we expect to maintain a healthy NIM over a period of time. So we're back on track on the yield side. And overall asset quality is good. NPL ratio is 3%. Coverage is good. Provisioning is done conservatively. We have a coverage of close to 235%. So overall, it's been a satisfactory performance. If you have any questions, please feel free to ask. Drop an e-mail, we'll respond. Thank you. Good afternoon. This is Ahli Bank team. Please introduce yourselves. We just briefed about the -- gave a briefing about the September '25 financial results. If there is any query, please feel free to ask. If there is any -- you can also drop an e-mail. We'll respond quickly. Please let us know. Thank you. Good afternoon. This is Ahli Bank team. My name is Shankar, Chief Executive Finance and Strategy. I'm joined by Trevor Bailey, Strategic Adviser to the Board. We are covering the September 2025 financial results. If there is any questions, please ask. We just gave a briefing about the numbers. The numbers are there in the website also, full financial statement. And we'll soon put up the investor presentation also shortly in the website so you can download and get all those details which we normally put. If there is any question, you can also drop an e-mail to us. If you're not able to join this call, that's okay. If you're in a rush, that's okay. Just drop an e-mail to us. We will respond to any of your specific queries. You can see the results. They are all pretty good, very stable, in line with Ahli Bank quarter-over-quarter. No surprise, steady results, which is what we have been doing for so many years. So no surprises, steady profitability. And nothing more to add at this point in time unless you have any questions. In about 5 minutes -- in about a couple of minutes, we'll wind this call. Thank you. Good afternoon. This is Ahli Bank team. My name is Shankar. I'm a Chief Executive, Finance and Strategy. I'm joined by Trevor Bailey, who is the Strategic Adviser to the Board. We are here to discuss the financial results of September 2025. We just gave a brief about what happened. So just to summarize before we close the call. It's been a steady quarter-over-quarter, year-over-year numbers. Good growth in assets both in loans and advances, investments and also on the liability side, customer deposits. So we have done well on the growth side of the balance sheet. There is steady growth in the P&L, which is a very Ahli Bank characteristic, quarter-over-quarter steady growth, et cetera. So that's what you all saw, no surprises. Conservatively provisioned, 3% NPL ratios. You will see the financial results already there in the website. We will be putting the investor presentation on the website shortly after this call or maybe in a day's time, a couple of days. If there is any query, please drop an e-mail. If there is anything you want to ask, we are here in about a couple of more minutes before we wind down this call. Thank you very much. Good afternoon. So we are coming to an end of this investor call. If there is any question, please feel free to ask. Drop an e-mail, we'll respond. Thank you very much. It's a pleasure talking to you. Thank you.

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