FGB Q3 13 Earnings Presentation - National Bank … needs of any particular investor. No...

FIRST GULF BANK

Q3/9M’13 EARNINGS PRESENTATION

This presentation provides information in summary form only and is not intended to be complete. It is not intended to be reliedupon as advice to investors or potential investors and does not take into account the investment objectives, financial situationor needs of any particular investor.

No presentation ,express or implied, is made as to the fairness, accuracy, completeness or correctness of informationcontained in this presentation, including the accuracy, likelihood of achievement or reasonableness of anyforecasts, prospects, synergies, returns, benefits or statements in relation to future matters contained in the presentation.

The forward-looking statements are by their nature subject to significant uncertainties and contingencies and are based onnumbers or estimates or assumptions that are subject to change (and in many cases are outside the control of FGB and itsdirectors) which may cause the actual results or performance of FGB to be materially different from any future results orperformance expressed or implied by such forward looking statements.

To the maximum extent permitted by law, FGB disclaims any responsibility for the accuracy or completeness of anyinformation contained in this presentation including any forward-looking statements and disclaims any responsibility to update

DISCLAIMER

FGB Q3/9M’13 EARNINGS PRESENTATION

information contained in this presentation including any forward-looking statements and disclaims any responsibility to updateor revise any information or forward-looking statement to reflect any change in FGB’s financial condition, status or affairs orany change in the events, conditions or circumstances on which a statement is based.

To the maximum extent permitted by law, neither FGB nor its related bodies corporate, directors, employees or agents, norany other person, accepts any liability, including, without limitation, any liability arising from fault or negligence, for anydirect, indirect or consequential loss arising from the use of this presentation or its contents or otherwise arising in connectionwith it.

This presentation should be read in conjunction with other publicity available material. Further information including historicalresults and a description of the activities of FGB is available on our website, www.fgb.ae

2/26

Q3/9M’13 PERFORMANCE KEY HIGHLIGHTS

Q3’13 Net Profits at AED 1,190Mn (+2% QoQ; +13% YoY)

Record 9M’13 Net Profits at AED 3,402Mn (+13% YoY)

9M’13 Operating Income up 13.0% YoY to AED 5,945Mn

Highly competitive Cost-to-Income Ratio at 20.7%

FGB Q3/9M’13 EARNINGS PRESENTATION3/26

Highly competitive Cost-to-Income Ratio at 20.7%

NPL Ratio at 3.9% and Provision Coverage at 75.1%

Comfortable liquidity position with loans-to-deposits ratio at 95.7%; Strong capital

buffer with CAR at 19.3%

INCOME STATEMENT (AED MN) Q3’13 Q2’13 QOQ Q3’12 YOY 9M’13 9M’12 YOY

Net Interest and Islamic Financing Income 1,525.4 1,474.7 3.4% 1,404.5 8.6% 4,374.9 4,050.6 8.0%

Other Operating Income 527.0 543.3 (3.0%) 407.5 29.3% 1,570.5 1,212.7 29.5%

Operating Income 2,052.5 2,017.9 1.7% 1,812.0 13.3% 5,945.3 5,263.3 13.0%

G & A expenses (430.9) (416.3) 3.5% (357.9) 20.4% (1,233.4) (1,024.8) 20.3%

Provisions/ Impairments (422.6) (418.3) 1.0% (398.6) 6.0% (1,274.2) (1,225.2) 4.0%

Taxes (5.3) (13.2) (59.7%) (1.2) 334.5% (23.5) (7.6) 210.4%

Minority Interest (4.0) (3.3) 23.1% 0.0 N.A. (12.0) 0.0 N.A.

Net Income 1,189.6 1,166.8 2.0% 1,054.2 12.8% 3,402.2 3,005.7 13.2%

BALANCE SHEET (AED BN) SEPT’13 JUN’13 QOQ SEPT’12 YOY

Net Loans & Advances 126.9 123.1 3.1% 114.4 10.9%

SUMMARY FINANCIALS


Net Loans & Advances 126.9 123.1 3.1% 114.4 10.9%

Customer Deposits 132.6 123.9 7.0% 109.8 20.7%

Total Assets 189.6 182.9 3.6% 163.3 16.1%

Shareholders’ Equity 29.8 29.2 2.0% 28.3 5.3%

KEY RATIOS (%) 9M’13 H1’13 QOQ 9M’12 YOY

Cost-to-Income Ratio 20.7 20.6 13bps 19.5 127bps

Non-Performing Loan ratio 3.9 3.6 30bps 3.5 38bps

Provision Coverage 75.1 80.1 (505bps) 88.7 (1355bps)

Loan-to-Deposit Ratio 95.7 99.4 (364bps) 104.2 (846bps)

Return on Average Equity 15.3 15.2 9bps 14.6 72bps

Return on Average Assets 2.5 2.5 2bps 2.5 (1bps)

Capital Adequacy Ratio 19.3 18.8 47bps 22.4 (305bps)

4/26

114.4 114.6117.8

123.1

126.9

Sep'12 Dec'12 Mar'13 Jun'13 Sep'13

ASSET MIX AND LENDING ACTIVITY

Loan book added AED 3.8Bn during the quarter

(+3.1%) reaching AED 126.9Bn as of September-

end 2013

At 10.7%, YTD loan book growth already exceeded

our initial FY target of 10%

September-end 2013 liquid assets ratio improved

to 18.2% from 11.6% a year earlier

Loan book added AED 3.8Bn during the quarter

(+3.1%) reaching AED 126.9Bn as of September-

end 2013

At 10.7%, YTD loan book growth already exceeded

our initial FY target of 10%

September-end 2013 liquid assets ratio improved

to 18.2% from 11.6% a year earlier

+3.1%+10.7%

+10.9%

HIGHLIGHTS LOAN BOOK TREND (AED BN)



5/26

ASSET MIX LOAN BOOK BREAKDOWN BY SECTOR

SEP’12 SEP’13

Liquid Assets12%

Loans &Advances

70%

Investments11%

Inv.Properties

5%

Other2%

Share financing1%

Personal - others3%

Personal - retail36%

Real Estate14%

Services18%

Public Sector11%

Trading7%

Construction4%

Manufacturing3%

Energy1% Agriculture

1%

Liquid Assets18%

Loans &Advances

67%

Investments9%

Inv.Properties

4%

Other2%

LIQUIDITY

+7.0%

+11.1%+20.7%

Customer Deposits added AED 8.7Bn during the

quarter (+7.0%) to AED 132.6Bn; this reflects the

ample liquidity available in the UAE banking sector

Loan-to-deposit ratio stood at 95.7%; regulatory

Advances-to-Deposits ratio at 80.1% remained well

below CB cap of 100%

Customer Deposits added AED 8.7Bn during the

quarter (+7.0%) to AED 132.6Bn; this reflects the

ample liquidity available in the UAE banking sector

Loan-to-deposit ratio stood at 95.7%; regulatory

Advances-to-Deposits ratio at 80.1% remained well

below CB cap of 100%

HIGHLIGHTS CUSTOMER DEPOSITS TREND (AED BN)

109.8

119.3 119.2

123.9

132.6



LIQUIDITY RATIOS (%) DEPOSITS BY SECTOR

Government &Public Sector

47%

Corporate36%

Retail14%

InternationalDivision

3%


104.2

96.198.9 99.4

95.7

86.3

76.2

81.9 83.380.1


L/D ratio Regulatory Advances-to-Deposits Ratio

Customer deposits remain FGB’s main source of

funding

The Bank intends to continue diversifying the

funding mix in order to improve maturities and

optimize costs

3 new issuances were completed during Q3’13 :

• two 10-year HKD 400Mn (USD 52Mn) bonds @

4.18% pa

• 3-year JPY 4.7Bn (USD 48Mn) bonds @ 1.0% pa

Customer deposits remain FGB’s main source of

funding

The Bank intends to continue diversifying the

funding mix in order to improve maturities and

optimize costs

3 new issuances were completed during Q3’13 :

• two 10-year HKD 400Mn (USD 52Mn) bonds @

4.18% pa

• 3-year JPY 4.7Bn (USD 48Mn) bonds @ 1.0% pa

FUNDING MIX

HIGHLIGHTS LIABILITY MIX

SEP’12 SEP’13

*Includes Tier 2 MoF deposits (repaid in full in March 2013)

Customerdeposits

67%

Due to Banks3%

Borrowings, EMTN,Sukuk*10%

Other3%

Equity17%

Customerdeposits

70%

Due to Banks5%

Borrowings, EMTN,Sukuk*

7% Other2%

Equity16%


-

1,286

3,7133,968

4,224

379

2013 2014 2015 2016 2017 2023

7/26

WHOLESALE FUNDING (AED MN) MATURITIES (1) (AED MN)

*Includes Tier 2 MoF deposits (repaid in full in March 2013)

SEP’13

Syndicated loan 3,306

Bank loans 1,469

EMTN 2,943

Medium term bonds 1,627

Repurchase agreements 459

Sukuk 4,224

Total 14,028

(1) Excluding long term repos for AED 459Mn

REVENUES AND COST EFFICIENCY

Operating income increased 13.0% YoY toAED 5,945Mn

Key operating income movements over the periodincluded:

AED 324Mn addition in Net Interest andIslamic Financing income driven by volumesgrowth and NIMs improvement

Solid increase in fee revenues by AED 235Mn

Cost-to-income ratio remained highly competitiveat 20.7% against 19.5% in 9M’12

Operating income increased 13.0% YoY toAED 5,945Mn

Key operating income movements over the periodincluded:

AED 324Mn addition in Net Interest andIslamic Financing income driven by volumesgrowth and NIMs improvement

Solid increase in fee revenues by AED 235Mn

Cost-to-income ratio remained highly competitiveat 20.7% against 19.5% in 9M’12

HIGHLIGHTS KEY MOVEMENTS IN OPERATING INCOME (AED MN)

5,263

324 72 235 56

(12)

7

5,945

9M

'12

NetIn

tere

stand

Isla

mic

Fin

ancin

gIn

com

e

Investm

entIn

com

e

Fees

and

com

mis

sio

ns

Pro

pert

yand

renta

lin

com

e

Oth

er

incom

e

Share

ofpro

fits

from

associa

tes 9

M'1

3


22% 27% 27% 27% 26%

78%73%

73%73% 74%

Q3'12 Q4'12 Q1'13 Q2'13 Q3'13

Net Interest and Islamic Financing IncomeOther Income (inc. share of profit from assoc.)

2,052

1,8122,006 1,875

2,018

8/26

OPERATING INCOME QOQ TREND (AED MN)

(1) YTD Annualized(2) YTD

NET INTEREST MARGINS (%) (1) COST-TO-INCOME RATIO (%) (2)

19.5

19.6

20.6 20.6 20.7

9M'12 FY12 Q1'13 H1'13 9M'13

3.71 3.70

3.583.62

3.68

9M'12 FY'12 Q1'13 H1'13 9M'13N

etIn

tere

stand

Isla

mic

Fin

ancin

gIn

com

e

Investm

entIn

com

e

Fees

and

com

mis

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ns

Pro

pert

yand

renta

l

Share

ofpro

fits

from

CREDIT QUALITY

NPL ratio moved from 3.6% to 3.9% sequentially.

This is reflecting the impact of full consolidation of

Aseel Finance during the period as well as

additional downgrades in the corporate book

Provision coverage stood at 75.1% and 9M’13 net

cost of risk landed at 1.30%

General Provisions represent 1.1% of CRWA as of

September-end 2013

NPL ratio moved from 3.6% to 3.9% sequentially.

This is reflecting the impact of full consolidation of

Aseel Finance during the period as well as

additional downgrades in the corporate book

Provision coverage stood at 75.1% and 9M’13 net

cost of risk landed at 1.30%

General Provisions represent 1.1% of CRWA as of

September-end 2013

HIGHLIGHTS NPL RATIO AND PROVISION COVERAGE (%)

3.5

3.33.2

3.6

3.9

88.7 96.1101.8

80.175.1

-50.0

-30.0

-10.0

10.0

30.0

50.0

70.0

90.0

110.0

2.0

2.5

3.0

3.5

4.0

4.5

9M'12 2012 Q1'13 H1'13 9M'13


(1) YTD Annualized

9/26

COST OF RISK (1) (%)

9M’13 H1’13 QOQ 9M’12 YOY

NPLs (2) 5,109 4,573 11.7% 4,160 22.8%

Provisions 3,837 3,665 4.7% 3,688 4.0%

Specific 2,170 2,110 2.8% 2,213 (2.0%)

General 1,667 1,555 7.2% 1,475 13.0%

NPLS AND PROVISIONS (AED MN)

NPL ratio Provision Coverage

1.381.40

1.42

1.34

1.30

9M'12 2012 Q1'13 H1'13 9M'13

(2) NPLs include exposure to Dubai Holding of AED 610Mn as of Sep’13

CAPITAL STRENGTH

FGB enjoys a strong capital buffer providing it with

ample room for future growth: Sep’13 Tier 1

capital was at 19.3% vs. 8% CB requirement

Government loan of AED 4.5Bn was fully repaid in

March 2013

The Bank targets a medium term Tier 1 ratio of

15%

FGB enjoys a strong capital buffer providing it with

ample room for future growth: Sep’13 Tier 1

capital was at 19.3% vs. 8% CB requirement

Government loan of AED 4.5Bn was fully repaid in

March 2013

The Bank targets a medium term Tier 1 ratio of

15%

HIGHLIGHTS CAPITAL ADEQUACY RATIO (%)

22.421.3

19.0 18.8 19.319.818.8 19.0 19.0 19.3



150.4151.9

150.4

157.3

164.2


10/26

CAPITAL BASE (AED BN) RISK WEIGHTED ASSETS(1) (AED BN)

Capital Adequacy Ratio Tier 1 Capital Ratio

27.926.9

27.829.0

30.1

4.0 4.0 0.4 0.2 0.2


Tier 1 Capital Tier 2 Capital(1)As per Basel II

Original core business of the

Bank

Customer base includes

large corporate & multi-

national clients and financial

institutions

Services include debt

markets (advisory, bilateral,

& syndicated loans, project

Original core business of the

Bank

Customer base includes

large corporate & multi-

national clients and financial

institutions

Services include debt

markets (advisory, bilateral,


BUSINESS SEGMENTS

Core Banking Revenue DriversCore Banking Revenue Drivers

Focus on key customer

segments: Emirati, Mass,

SME, Wealth

Leverage product

innovation, analytics, and

alliances to create

differentiation

Investing for the future and

enhancing customer

Focus on key customer

segments: Emirati, Mass,

SME, Wealth

Leverage product

innovation, analytics, and

alliances to create

differentiation

Investing for the future and

enhancing customer

Manages FGB’s wholesale

funding activities and

liquidity, interest rate and

foreign exchange risk, and

proprietary investment

portfolio

Provides bespoke risk

management solutions to

the Bank’s clients across FX,

Interest Rate, Credit and

Manages FGB’s wholesale

funding activities and

liquidity, interest rate and

foreign exchange risk, and

proprietary investment

portfolio

Provides bespoke risk

management solutions to

the Bank’s clients across FX,


Subsidiaries: First Gulf

Libyan Bank, First Gulf

Properties, Aseel

Finance(1), Dubai First(2),

Mismak Properties, First

Merchant International,

Radman Properties

Associate companies:

First Gulf Financial

Services, Green Emirates

Subsidiaries: First Gulf

Libyan Bank, First Gulf

Properties, Aseel

Finance(1), Dubai First(2),

Mismak Properties, First

Merchant International,

Radman Properties

Associate companies:

First Gulf Financial


Incremental Revenue StreamsIncremental Revenue Streams

Wholesale Banking Consumer Banking Treasury & Global Markets Other



and structured finance) and

transaction banking (cash,

trade, liabilities) supported

by treasury sales (hedging,

FX, rates, commodities)

Organized geographically

across UAE and international

locations (Singapore, Libya,

Hong-Kong, Qatar, India)


and structured finance) and

transaction banking (cash,

trade, liabilities) supported

by treasury sales (hedging,

FX, rates, commodities)

Organized geographically

across UAE and international

locations (Singapore, Libya,

Hong-Kong, Qatar, India)

enhancing customer

experience through

technology and process

improvements

Positioning as Bank of

Choice for UAE Nationals

Manage National Housing

Loan program for Abu Dhabi

government

enhancing customer

experience through

technology and process

improvements

Positioning as Bank of

Choice for UAE Nationals

Manage National Housing

Loan program for Abu Dhabi

government


Commodity asset classes

Also provides client

investment solutions via

structured products, asset

management, equity

brokerage and margin

trading

Strong growth opportunities

providing an access point to

the global markets by

leveraging on strong

correspondent banking

relationships


Commodity asset classes

Also provides client

investment solutions via

structured products, asset

management, equity

brokerage and margin

trading

Strong growth opportunities

providing an access point to

the global markets by

leveraging on strong

correspondent banking

relationships


Properties

Head Office support units:

Audit, Financial Control,

HR, Operations, Strategy

and Planning, PMO,

Admin, IT, Legal, Risk

Management, Corporate

Communications


Properties

Head Office support units:

Audit, Financial Control,

HR, Operations, Strategy

and Planning, PMO,

Admin, IT, Legal, Risk

Management, Corporate

Communications

(1)Aseel Finance is a fully-owned subsidiary of FGB effective Q3’13(2)In June 13, FGB signed an agreement to acquire Dubai First; consolidation will be effective by year-end 2013

11/26

THREE-PILLAR STRATEGY

ORGANIC GROWTH OF

CORE BANKING ACTIVITIESSELECTIVE REGIONAL AND

INTERNATIONAL EXPANSIONSYNERGIES WITH

SUBSIDIARIES AND ASSOCIATES

Build deeper client

relationships, providing

solutions and high quality

service

Continue to target large

Build deeper client

relationships, providing

solutions and high quality

service


Aseel Finance to provide

innovative Islamic products

to a broad base of customers

and businesses

Aseel Finance to provide

innovative Islamic products

to a broad base of customers

and businesses

Geographic diversification

through expansion of existing

operations and penetration in

key markets

Focus on trade and financial

Geographic diversification

through expansion of existing

operations and penetration in

key markets


11 22 33



creditworthy UAE-based

customers

Develop and strengthen a

customer-centric approach

emphasizing on bespoke

service quality and product

range


creditworthy UAE-based

customers

Develop and strengthen a

customer-centric approach

emphasizing on bespoke

service quality and product

range

Enhance fee income business

through property

management and equity

brokerage services

Specialized subsidiaries for

property development and

Private Equity

Enhance fee income business

through property

management and equity

brokerage services

Specialized subsidiaries for

property development and

Private Equity


flows through the UAE into

target international locations

Sourcing and distribution of

trade and financing

opportunities across the FGB

network


flows through the UAE into

target international locations

Sourcing and distribution of

trade and financing

opportunities across the FGB

network

OUR VISION:

TO BE A WORLD CLASS ORGANIZATION MAXIMIZING VALUE FOR ALL STAKEHOLDERS

OUR VISION:

TO BE A WORLD CLASS ORGANIZATION MAXIMIZING VALUE FOR ALL STAKEHOLDERS

12/26

OUTLOOK

MACRO

GROWTH

NIMS

UAE Real GDP growth expected at 4.0% in 2013 and 3.9% in 2014 according tolatest IMF statistics; UAE non-oil economy to further strengthen in the medium term

Upward revision of FY13 loan growth target to 13-14% from 10% previously

Mild pressure expected over the coming quarters


NIMS

ASSET

QUALITY

PROFITABILITY

13/26

Mild pressure expected over the coming quarters

NPL ratio within 3.5%-4% and provision coverage >80% by 2013-end

FY13 RoAE target at 15%; Medium Term RoAE target at 18%

APPENDIX

BUSINESS SEGMENT CONTRIBUTIONS

HIGHLIGHTS TOTAL ASSETS (AED BN)

Wholesale and Consumer Banking represent 44%

and 24% of total assets respectively in Q3’13;

generating a combined 83% of revenues and 88%

of net profit over 9M’13

Treasury & Investments’ contributions to operating

income and net profit stood at 13% and 21%

respectively

Wholesale and Consumer Banking represent 44%

and 24% of total assets respectively in Q3’13;

generating a combined 83% of revenues and 88%

of net profit over 9M’13

Treasury & Investments’ contributions to operating

income and net profit stood at 13% and 21%

respectively46% 44% 44%

25% 24%24%

21%26%

25%5%

5%

5%

42%

2%

Sep'12 Dec'12 Sep'13

Other

Real Estate activities

Treasury&Investments

Consumer Banking

Wholesale Banking

163.3

189.6175.0


47%49%

43%39%

19%

21%3%

4%

(12%) (13%)9M'12 9M'13

Other



Consumer Banking

Wholesale Banking

3,006

3,402

42% 41%

41%

42%

12%

13%2%

3%

3%

1%

9M'12 9M'13

Other



Consumer Banking

Wholesale Banking

5,263

5,945

OPERATING INCOME (AED MN) NET PROFIT (AED MN)

15/26

2,197

2,458

9M'12 9M'13

74.8 76.6

83.1


WHOLESALE BANKING

HIGHLIGHTS

Wholesale Banking assets grew

8.5% year-to-date to AED 83.1Bn

as of September-end 2013

9M’13 operating income was

recorded at AED 2,458Mn, up

11.9% YoY

9M’13 net profits grew 17.3% YoY

to AED 1,656Mn

Wholesale Banking assets grew



9M’13 operating income was

recorded at AED 2,458Mn, up

11.9% YoY


to AED 1,656Mn

ASSETS (AED BN) OPERATING INCOME (AED MN)

+8.5% +11.9%

+11.1%


Government& PublicSector15%

Abu DhabiPrivateSector47%

DubaiPrivateSector16%

Other UAEPrivateSector

4%

Non UAE-based

Corporates18%

1,411

1,656

9M'12 9M'13

9M'12 9M'13

16/26

NET PROFIT (AED MN) WHOLESALE GROSS LOAN PORTFOLIO (SEP’13)

+17.3%

40.3 41.2

45.1


CONSUMER BANKING

HIGHLIGHTS

Consumer Banking assets increased



9M’13 operating income improved

14.4% compared with 9M’12

9M’13 net profits at AED 1,333Mn

were 2.3% higher than the same

period last year

Consumer Banking assets increased



9M’13 operating income improved

14.4% compared with 9M’12

9M’13 net profits at AED 1,333Mn

were 2.3% higher than the same

period last year


+9.5%

+11.9%

2,183

2,498

9M'12 9M'13

+14.4%


PersonalLoans44%

Abu DhabiGovernment

NationalHousingLoans32%

CreditCards8%

OtherMortgage

Loans4%

IslamicFinancing

2%

Others*9%


17/26

NET PROFIT (AED MN) CONSUMER GROSS LOAN PORTFOLIO (SEP’13)

9M'12 9M'13

1,303 1,333

9M'12 9M'13

+2.3%

*Others include SME loans, overdrafts and auto loans

33.9

44.7

47.6


628

771

9M'12 9M'13

TREASURY AND INVESTMENTS

HIGHLIGHTS ASSETS (AED BN)

Treasury and Investments’ assets

increased by 40.2% YoY to reach

AED 47.6Bn by September-end

2013

9M’13 operating income expanded

22.7% YoY to AED 771Mn


to AED 711Mn

Treasury and Investments’ assets

increased by 40.2% YoY to reach

AED 47.6Bn by September-end

2013

9M’13 operating income expanded



to AED 711Mn

OPERATING INCOME (AED MN)

+22.7%+6.4%

+40.2%


Sep'12 Dec'12 Sep'13 9M'12 9M'13

18/26

NET PROFIT (AED MN) TREASURY AND INVESTMENTS PORTFOLIO (SEP’13)

579

711

9M'12 9M'13

+22.9%

LiquidAssets64%

Other FixedIncomeBonds30%

USTreasury

Bills0%

Funds &Equities

4%

Others2%

104

159

9M'12 9M'13

8.3

9.4 9.5


REAL ESTATE ACTIVITIES

HIGHLIGHTS

Real Estate assets landed at

AED 9.5Bn in September 2013, up

13.5% YoY

9M’13 operating income grew


9M’13 net profits improved 70.3%

YoY to AED 130Mn

Real Estate assets landed at

AED 9.5Bn in September 2013, up

13.5% YoY

9M’13 operating income grew


9M’13 net profits improved 70.3%

YoY to AED 130Mn

+0.7%


+13.5%

+53.6%


Land in AbuDhabi27%

Dev.Propertiesin Abu Dhabi

37%

Land in Dubai5%

Dev.Properties in

Dubai9%

PropertiesGenerating

Rental Income22%

76

130

9M'12 9M'13

19/26

NE PROFIT (AED MN) INVESTMENT PROPERTIES PORTFOLIO(1) (SEP’13)

+70.3%

(1) Investment properties totaled AED 8.0Bn as of Sep’13

FIRST GULF BANK OVERVIEW

A LEADING UAE FRANCHISE OWNERSHIP STRUCTURE(1)

Incorporated in 1979 and headquartered in Abu Dhabi

64.9% owned by Abu Dhabi’s ruling family

Wide range of financial products and services offered through

a network of 23 branches and 135 ATMs across the UAE;

international presence in Libya, Qatar, India, Singapore and

Hong-Kong

1,159 employees; more than 300,000 customers

Market cap. of AED 49.4Bn (USD 13.4Bn) as of Oct. 28th,

2013

Incorporated in 1979 and headquartered in Abu Dhabi

64.9% owned by Abu Dhabi’s ruling family

Wide range of financial products and services offered through

a network of 23 branches and 135 ATMs across the UAE;

international presence in Libya, Qatar, India, Singapore and

Hong-Kong

1,159 employees; more than 300,000 customers

Market cap. of AED 49.4Bn (USD 13.4Bn) as of Oct. 28th,

2013

(1) As of September-end 2013

Abu DhabiRuling Family

64.9%

UAEcompanies

andindividuals

20.1%

ForeignShareholders

10.5%

GCC Nationals4.5%


CREDIT RATINGS GLOBAL FOOTPRINT

1 Subsidiary

2 Rep Offices

2 Branches

Doha

Singapore

MumbaiHong-Kong

FGB-LibyaTripoli

LONG TERM RATING OUTLOOK

A2(Since 2007)

Stable

A+(Since 2007)

Stable

A+ Stable

(1) As of September-end 2013

BOARD OF DIRECTORS

H.H. SHEIKH TAHNOON BIN ZAYED AL NAHYAN – CHAIRMAN

CHAIRMAN OF AMIRI FLIGHT

CHAIRMAN OF ROYAL GROUP

H.H. SHEIKH TAHNOON BIN ZAYED AL NAHYAN – CHAIRMAN

CHAIRMAN OF AMIRI FLIGHT

CHAIRMAN OF ROYAL GROUP

FGB Board Members are prominent stakeholders of the Abu Dhabi Business CommunityFGB Board Members are prominent stakeholders of the Abu Dhabi Business Community

KHALDOON KHALIFA

AL MUBARAK

KHALDOON KHALIFA

AL MUBARAK

ABDULHAMID

MOHAMMED SAEED

B M

ABDULHAMID

MOHAMMED SAEED

B M

SULTAN KHALFAN

AL KETBI

BOARD MEMBER

SULTAN KHALFAN

AL KETBI

BOARD MEMBER

XX

MOHAMMED SAIF

AL SUWAIDI

B M

XX

MOHAMMED SAIF

AL SUWAIDI

B M

AHMED ALI

AL SAYEGH

V C

AHMED ALI

AL SAYEGH

V C


Member of:Abu Dhabi ExecutiveCouncilAbu Dhabi Council forEconomic DevelopmentAbu Dhabi Executive AffairsAuthority (Chairman)

Member of:Abu Dhabi ExecutiveCouncilAbu Dhabi Council forEconomic DevelopmentAbu Dhabi Executive AffairsAuthority (Chairman)

Board Member of:

Emirates InvestmentAuthority

Abu Dhabi SecuritiesExchange

Emirates IntegratedTelecom Co (DU)

Mubadala DevelopmentCompany

Board Member of:

Emirates InvestmentAuthority

Abu Dhabi SecuritiesExchange

Emirates IntegratedTelecom Co (DU)


Board Member of Al AinInternational Group(Vice Chairman)

Board Member of Al AinInternational Group(Vice Chairman)

Vice Chairman of the board ofthe Arab Bank forinvestmentChairman of Al Ain Farms forLivestock productionBoard member of the centerof food security of Abu Dhabi

Vice Chairman of the board ofthe Arab Bank forinvestmentChairman of Al Ain Farms forLivestock productionBoard member of the centerof food security of Abu Dhabi

Board Member of:


Abu Dhabi Water &Electricity Authority

Etihad Airways

Board Member of:


Abu Dhabi Water &Electricity Authority

Etihad Airways

BOARD MEMBER

CEO OF MUBADALA

DEVELOPMENT COMPANY

BOARD MEMBER

CEO OF MUBADALA

DEVELOPMENT COMPANY

BOARD MEMBER

FGB MANAGING DIRECTOR

BOARD MEMBER

FGB MANAGING DIRECTOR

BOARD MEMBERBOARD MEMBER BOARD MEMBER

DIRECTOR GENERAL OF ABU

DHABI FUND FOR

DEVELOPMENT

BOARD MEMBER

DIRECTOR GENERAL OF ABU

DHABI FUND FOR

DEVELOPMENT

VICE CHAIRMAN

CHAIRMAN OF ABU DHABI

GLOBAL MARKET

CEO OF DOLPHIN ENERGY

VICE CHAIRMAN

CHAIRMAN OF ABU DHABI

GLOBAL MARKET

CEO OF DOLPHIN ENERGY

21/26

KEY ACHIEVEMENTS

TOTAL ASSETS (AED BN) LOANS & ADVANCES (AED BN) CUSTOMER DEPOSITS (AED BN)

73.2

107.5

125.5

140.8

157.5

175.0

189.6

2007 2008 2009 2010 2011 2012 Sep'13

44.4

79.4

90.495.6

104.7114.6

126.9

2007 2008 2009 2010 2011 2012 Sep'13

52.3

74.0

86.4

98.7103.5

119.3

132.6

2007 2008 2009 2010 2011 2012 Sep'13


SHAREHOLDERS’ EQUITY (AED BN) COST-TO-INCOME RATIO (%) NET INTEREST MARGIN (%)

21.6

24.2

17.5 17.818.9 19.6

20.7

2007 2008 2009 2010 2011 2012 9M'13

2.7

3.1

3.73.6

3.83.7 3.7

2007 2008 2009 2010 2011 2012 9M'13

2007 2008 2009 2010 2011 2012 Sep'13 2007 2008 2009 2010 2011 2012 Sep'13 2007 2008 2009 2010 2011 2012 Sep'13

10.1

16.2

22.524.1

26.729.3 29.8

2007 2008 2009 2010 2011 2012 Sep'13

FGB VS. LOCAL PEER GROUP IN H1’13

TOTAL ASSETS (AED BN) LOANS & ADVANCES (AED BN) CUSTOMER DEPOSITS (AED BN)

80.1

90.7

175.5

182.9

326.7

334.8

UNB

ADIB

ADCB

FGB

NBAD

ENBD

56.2

60.3

123.1

125.4

173.5

231.8

ADIB

UNB

FGB

ADCB

NBAD

ENBD

58.0

66.9

111.4

123.9

219.4

230.4

UNB

ADIB

ADCB

FGB

NBAD

ENBD


9.5%

11.3%

13.8%

14.3%

15.2%

16.6%

ENBD

ADIB

UNB

ADCB

FGB

NBAD

23/26

COST-TO-INCOME RATIO (%) NET PROFIT (AED MN) RETURN ON AVERAGE EQUITY(1) (%)

80.1UNB

42.4

33.9

31.2

29.0

24.9

20.6

ADIB

ENBD

NBAD

ADCB

UNB

FGB

710

980

1,698

1,808

2,213

2,621

ADIB

UNB

ADCB

ENBD

FGB

NBAD

*Annualized

DIVIDEND HISTORY

2008 2009 2010 2011 2012

Net Profit (AED Mn) 3,005 3,310 3,420 3,707 4,154

Cash Dividend (% of capital) 35% 50% 60% 100% 83%

Bonus Shares (% of capital) - - - 100% -


Dividend Payout Ratio (% of net profit) 16% 20% 26% 40% 60%

Cash Dividend Distributed (AED Mn) 477 677 900 1,500 2,500

Capital Adequacy after Distribution 14% 23% 23% 22% 21%

24/26

FGB AWARDS IN 2013

Best Local Bank in the UAE

Best Bank in the UAE

Best Bancassurance in the UAE


Best Bancassurance in the UAE

3rd Most Powerful Company in the UAE

6th Leading Bank in Top 500 in the Arab World List

25/26

FOR MORE INFORMATION ABOUT FIRST GULF BANK, PLEASE VISIT OUR CORPORATE WEBSITE:WWW.FGB.AE

OR CONTACT OUR INVESTOR RELATIONS DEPARTMENT:[email protected]

+971 2 69 20 690

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