nmb bank plc · presentation flow bank overview & accomplishments - our history,...
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NMB BANK PLC20th ANNUAL GENERAL
MEETING
5th June 2020
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03
02
01
PRESENTATION FLOW
BANK OVERVIEW & ACCOMPLISHMENTS - Ourhistory, transformation, national & global recognition, current shareholding structure, 2018 vs 2019 & value added to stakeholders
FINANCIAL REPORTS - NMB’s position in the banking sector, Financial performance overview
Q1 2020 RESULTS - Snapshot of our balance sheet and profit and loss account Q1 2019 vs Q1 2020
04 COVID–19 - Impact assessment and NMB’s response to the impact
05
06 2019 DIVIDENDS - Dividend Payment as proposed by the board
Q&A - Investor Relations office
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BANK OVERVIEW & ACCOMPLISHMENTS 01.
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OUR HISTORY
Established under the National Microfinance
Bank Limited Incorporation Act of 1997,
following the break-up of the defunct National Bank
of Commerce. Three entities were formed: National
Microfinance Bank, NBC Holdings Limited and
National Bank of Commerce.
Established
1997
2005
Rabobank
Group
The Government of Tanzania sold 49% to a
consortium led by the Rabobank Group. The
consortium consisted of Exim Bank (Tanzania)
Limited, National Investments Company Limited
(NICOL) and TCCIA Investment Company Limited.
The Government sold 21% of its shareholding
to the Tanzanian public through an IPO on the
DSE market. At the close of the IPO, the
Government had 31.8% stake in NMB which it
holds to-date.
IPO
2008
2017
Name
Change
The bank changed its name from National
Microfinance Bank Plc to NMB Bank Plc to
reflect the fully fledged commercial bank it has
become.
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OUR TRANSFORMATION
2019
Listed on the Dar es Salaam Stock Exchange
> TZS 6.5trl Balance Sheet size
Fully fledged commercial bank providing solutions to Government and Commercial clients
224 branches across Tanzania
794 ATMs > 5,980 Agents
> 3.3 million MasterCard debit cards
State of the art Internet Banking Platform
> 2 million NMB Mkononi customers
State of the art technology –Tier 3 Data Centre
> 4 million customer accounts
600,000 customer accounts
Limited product offering: savings accounts + payments
< TZS 200Bn Balance Sheet size
Payment Factory 97 branches across Tanzania
1997
NO ATMs NO Cards
NO Mobile Banking
Limited Technology
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CURRENT SHAREHOLDING STRUCTURE
Govt of Tanzania
31.8%
Rabobank Group
34.9%
Other
13.8%
Morgan Stanley
2.8%
SQM Frontier Africa
1.9%
Pension funds
2.0%
1.0%
Patrick Schegg
NICOL
6.6%
Aunali & Sajjad Rajabali
5.0%
NHIF
NHIF
0.2%
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NMB 2018 vs NMB 2019
2018
NMB
2019Agency Banking
Staff
Accounts
Agency Banking
Staff
Accounts
776
6,800
3,450
3.3 MILLION
794
5,980
3,450
4 MILLION
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NATIONAL & GLOBAL RECOGNITION
Best Bank in Tanzania - 7th time in a row
Euromoney Awards for Excellence
Best Bank in Tanzania - 6th time in a row
Euromoney Awards for Excellence
Best Retail and Best Commercial bank in Tanzania
Banker East Africa Magazine
Best Blended Finance Partner in Africa
International Finance Corporation (IFC)
Best presented Financial Statement 2017 and 2018
National Board of Accountants and Auditors
Bank of the Year
Banker Africa
Best listed Company
Dar Stock Exchange
Best Bank Transformation in
Africa
Euromoney Awards for Excellence
Best Bank in Tanzania 5th time
in a row
Euromoney Awards for Excellence
Best Retail Bank in Tanzania
Asian Banker Awards
20
19
/18
20
17
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VALUE ADDED TO STAKEHOLDERS
2018 2019
Govt. Taxes: TZS 183 bn
Shareholders: TZS 48 bn
Investments: TZS 144 bn
Employees: TZS 138 bn
Govt. Taxes: TZS 144 bn
Shareholders: TZS 33 bn
Investments: TZS 98 bn
Employees: TZS 124 bn
27%
45%
47%
11%
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SUPPORTING MAJOR PROJECTS IN THE ECONOMY
Construction of SGR BG – TZS 140 Bn
• Supply of spare parts for Kinyerezi I LC – TZS 70 Bn• REA contractor's BG & LC - TZS 105 Bn
• Structured financing for 400 TARURA & TANROADS
contractors - TZS 26 Bn• Bus Rapid Transport Financing - TZS 100 Bn
Procurement of Terminal equipment TPA LC line - TZS 70 Bn
Pharmaceuticals and medical equipment LC – TZS 58 Bn
• Tabora, Igunga & Nzega Water Pipeline LC transaction facilitation – TZS 550 Bn
• Rehabilitation of Water treatment plant for DAWASA LC transaction facilitation –
TZS 35 Bn
TZS 1.2 Trillion
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Payment and collection solutions - TZS 3.5 Trillion collected in 2018 and 2019
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WE GIVE BACK TO THE COMMUNITY WE SERVE
For the past 4 years, over TZS 4Bn used
• Over 330 hospitals were provided
with health care appliances
Over 31,150 desks were provided for schools
Over 1,150 computers were provided to schools
• Over TZS 200Mn provided to the
Government of Tanzania & Zanzibar to aid in the fight against Covid-19
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Computers
Health Care Appliances
COVID-19 Relief
Desks
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FINANCIAL REPORTS02.
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BANKING SECTOR 2019
BANK I BANK H BANK G BANK F BANK E BANK D BANK C BANK B BANK A
No. 1
142.1
122
34.022.7
21.317.4
16.99.89.69.1
2019 TOP 10 MOST PROFITABLE BANKS
(PAT) IN TZS BILLIONS
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BANKING SECTOR 2019
105132
93 98142
451
357
209239
386
2015 2016 2017 2018 2019
NMB PAT Bank Sector PAT
2.1
4.8 6.4
5.9 6.7
6.4
9.5
11.710.4
8.9
2015 2016 2017 2018 2019
NMB NPL Ratio Bank Sector NPL Ratio
2019 Profit after Tax
62%
Industry average increase
46%
NMB increase
Industry Non-Performing loan ratio
2019
8.9%
2018
10.4%
2017
11.7%
NMBs PAT 2019 Market share
37%
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FINANCIAL PERFORMANCE OVERVIEW
370
449 467 492 518
2016 20182015 2017 2019
Net Interest Income (TZS Billions)
1330
131 137
100
2016 20182015 2017 2019
160 151 159
196 204
2016 20182015 2017 2019
Non Interest Income (TZS Billions)
150 154
93 98
142
Profit After Tax (TZS Billions)
2016 20182015 2017 2019
Impairment (TZS Billions)
Increase of NII due to continued growth in loans and advancesand investment in Government securities
5%Y-O-Y
Increase
Operating Expenses remained flat.
0%Y-O-Y
change
Reduction of Impairment charge due to improvement of loan Portfolio management
27%Y-O-Y
Decrease
46%Y-O-Y
Increase
15
310362 375
409 411
NFI growth driven by increase of revenues from NMB Mkononi, Agency banking commission, and Card fees.
4% Y-O-Y
Increase
Operating Expenses (TZS Billions)
2016 20182015 2017 2019
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FINANCIAL PERFORMANCE OVERVIEW
3.6
2.52.8 2.8
3.3
Loans and Advances (TZS Trillion)
2015 2016 2017 2018 2019
3.6 3.74.3 4.3
4.9
2015 2016 2017 2018 2019
Customers Deposit (TZS Trillion)
0.70.8 0.8
0.91.0
Share holders funds (TZS Trillion)
2015 2016 2017 2018 2019
Total Assets (TZS Trillion)
2015 2016 2017 2018 2019
4.6 5.05.5 5.7
6.6
11% 14% 15% 13%
Y-O-Y Increase Y-O-Y Increase Y-O-Y Increase Y-O-Y Increase
Key Ratio 2015 2016 2017 2018 2019
Return on Equity % 23 20 12 11 15
Return on Asset % 3 3 2 2 2
Cost to Income Ratio % 57 59 58 59 60
Earning per Share (TZS) 298 308 187 195 284
Dividends per Share (TZS) 104 104 64 66 96
Tier 1 Capital % 20 19 16.9 16.5 17.1
Total Capital % 22 20 17.6 18.5 18.5
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2019 BALANCE SHEET
Loans & Advances increased by 334Bnbetween 2018 & 2019
11%Y-O-Y
Increase
Borrowings increased by 171Bn driven by NMB bond which was oversubscribed by 333%
35% Y-O-Y
Increase
The performance shows a positive jaws as deposits increased faster than loans & advances
Customer deposits increased by 594Bnbetween 2018 and 2019
14%Y-O-Y
Increase
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2019 2018 Variance
TZ' Billion TZ' Billion TZ' Billion
Cash & Balances with BOT 1,341 1,070 271 25%
Interbank Placements 264 174 90 52%
Government Securities 764 740 24 3%
Loans and Advances 3,596 3,252 344 11%
Other Assets 590 444 146 33%
TOTAL ASSETS 6,556 5,681 875 15%
Customer Deposits 4,922 4,328 594 14%
Borrowings 661 490 171 35%
Shareholders Funds 972 863 109 13%
TOTAL LIABILITIES 6,556 5,681 875 15%
Loan to Deposit Ratio (LDR) 72% 78%
Core Capital 17% 17%
Capital Adequacy Ratio 19% 19%
% Variance
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2019 PROFIT & LOSS ACCOUNT
Net interest income increased by 26Bn driven by increased Loans & Advances.
5%Y-O-Y
Increase
Loan Impairment has decreased by 37Bn between 2018 & 2019
27% Y-O-Y
Decrease
Operating Expense has been contained Y-o-Y with a slight decrease or 2Bn
Non-Funded income increased by8Bn between 2018 & 2019
4%Y-O-Y
Increase
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2019 2018 Variance
TZ' Billion TZ' Billion TZ' Billion
Net Interest Income 518 492 26.4 5%
Non Funded Income 204 196 8.4 4%
Total Income 723 688 34.8 5%
Loan impairment (100) (137) 37 -27%
Operating Income 623 551 71.8 13%
Operating Expenses (411) (409) -2 0%
Income Before Tax 212 142 69.8 49%
Tax (69) (44) -25 57%
Profit After Tax 143 98 44.8 46%
Cost to Income Ration (CIR) 60% 59%
Non Funded Income to Total Income (NFI/Total Income) 28% 28%
Return on shareholder's fund 15% 11%
Performance Summary% Variance
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CAPITAL ADEQUACY & LIQUIDITY
20.3
19.2
16.9 16.517.1
21.6 20.4 17.6 18.5 18.5
71%
76%
68%
78%
72%
62%
64%
66%
68%
70%
72%
74%
76%
78%
80%
0
5
10
15
20
25
2015 2016 2017 2018 2019
Core I Capital Total Capital Loan to Deposit Ratio
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Q1 2020 RESULTS03.
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Q1 2020 BALANCE SHEET
Loans & Advances increased by 475Bn between Q1 2019 & Q1 2020
15%Y-O-Y
Increase
Customer deposits increased by 202Bn between Q1 2019 & Q1 2020
4%Y-O-Y
Increase
21
Q1 2020 Q1 2019Variance
TZ' Billion TZ' Billion TZ' Billion
Cash & Balances with BOT 1,129 1,341 (212) -16%
Interbank Placements 150 264 (114) -43%
Government Securities 931 820 111 14%
Loans & Advances 3,705 3,230 475 15%
Other Assets 556 901 (345) -38%
Total Assets 6,472 6,048 424 7%
Customer Deposits 4,758 4,556 202 4%
Borrowings 693 613 80 13%
Shareholder's Fund 1,021 880 141 16%
Total Liabilities 6,472 6,048 424 7%
Loan to Deposit Ratio 81% 74%
Capital Adequacy Ratio (%) 20% 18%
Balance Sheet Variance
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Net interest income increased by 12Bn between Q1 2019 & Q1 2020
10%Y-O-Y
Increase
Non-Funded income increased by11Bn between Q1 2019 & Q1 2020
22%Y-O-Y
Increase
Loan Impairment has decreased by 16Bnbetween Q1 2019 & Q1 2020
43% Y-O-Y
Decrease
Q1 2020 PROFIT & LOSS ACCOUNT
Profit After Tax has increased by 49Bnbetween Q1 2019 & Q1 2020
146%Y-O-Y
Increase
22
Q1 2020 Q1 2019Variance
TZ' Billion TZ' Billion TZ' Billion
Net Interest Income 134 122 12 10%
Non Funded Income 60 49 11 22%
Total Income 194 170 24 14%
Loan impairment (22) (38) 16 -43%
Operating Income 172 132 40 30%
Operating Expenses (102) (104) 2 -2%
Income Before Tax 70 29 41 142%
Tax (21) (9) -12 133%
Profit After Tax 49 20 29 146%
Cost to Income Ration (CIR) 53% 61%
Non Funded Income to Total Income (NFI/Total Income) 31% 29%
Q1 2020 Perfomamnce % Variance
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COVID–19
IMPACT ASSESSMENT04.
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NMB RESPONSE TO COVID-19 IMPACT
Staff
Continuouslyeducating staff on best practices to combat Covid-19 outbreak
Provided staff with protective gear (Face Masks, and Hand sanitizers)
Split staff in three groups; Work from Home, Work from Disaster Recovery site, and Work from HQ building
Insist on social distancing among staff and guide customers accordingly
Business Continuity
Activated Business Response Forum to ensure strategy re-calibration for business turnaround
Activated Crisis Management protocols and regular monitoring at ExCo level via Crisis Management Meetings
Clients
Promote the usage of digital and self-service delivery channels
Relief to customers through restructuring of loans
Monitor quality of the SME, MSME and Corporate loans portfolio to limit expected impairment impact
Overall
Businesses have started to re-open. Government has issued assurances; No lockdown
Strong business ties with salaried government employees and government has maintained stability throughout
Strong capital position to absorb anticipated impact
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05. Q&A
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2019 DIVIDENDS 06.
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2019 DIVIDENDS
TZS 96Per Share
TZS 48BN
NMB Board proposes dividend payment of
This is in accordance with the Bank’sDividend policy, as stipulated in theArticles of Association, to pay one-third(33%) of profit after tax as dividend andretain 66% of profit to strengthen thecapital base and for investmentpurposes
Analysis done by managementindicate no significant impact onthe capital position after thedividend payment to the totalcapital position of the bank
104 104
64 66
96
0
20
40
60
80
100
120
2015 2016 2017 2018 2019
4852 52 32 33
Total DividendTZ’ Billion:
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DISCLAIMER
“NMB Bank Plc (“NMB”), has taken all reasonable care to ensure that this presentation is true andcorrect in all material aspects. This presentation and any other information supplied is not intended toprovide the basis of any evaluation or as a recommendation by NMB, nor does it constitute an offer,to sell or buy any NMB shares. Any recipient of this presentation should make its own independentassessment of the condition and affairs of NMB. This presentation may include “forward lookingstatements” which includes all statements other than historical facts and data, including statementson the banks financial position, strategy or other plans and possible future scenarios. Suchstatements, if any, are not guarantees of future performance, and involve known and unknown risksand factors that could cause the actual results to be materially different from the forward-lookingstatements. No responsibility is accepted for the reasonableness of any such forward lookingstatements. NMB does not represent that this presentation may lawfully be distributed in anyjurisdiction, and this presentation may not be re-distributed except with the express approval ofNMB.”
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