English - BMI Bank

2010 Financial Highlights 2010 Financial Highlights
//2010
Financial Highlights
BD ’000
2010 2009 2008 2007 2006
Total Assets 590,502 673,445 814,861 510,166 362,027
//Financial highlights 31 December 2010
1. Profitability
2010 2009 2008 2007 2006
Total Deposits 445,728 459,229 578,395 405,849 314,292
Net Loans & Advances* 310,058 388,049 486,895 327,242 283,121
Shareholders Equity 86,384 112,637 128,582 38,544 28,956
Net Profit (Loss) (26,487) (16,943) (2,981) 4,879 5,105
//Our credit ratings
Moody’s Long term : Baa3 Short term : P-3 BFSR : D Outlook: Stable
Standard & Poor’s Long term : BBB- Short term : A-3 Outlook: Negative
//Moody’s
“The rating reflects BMI’s healthy capitalization, and also reflects the strain on profitability and efficiency, as a result of
significant investment in extra capacity in Bahrain and overseas.”
//S&P
“The rating reflects its small customer franchise, limited track record, deteriorated asset quality and financial performance.
These negative factors are somewhat balanced by its ownership structure and strong capitalization.”
Net Interest Margin 3.4% 2.9% 2.0% 2.1% 2.3%
2. Capital
Capital Adequacy (BIS Standard) 19.7% 21.8% 20.3% 13.1% 13.9%
Shareholders Funds/Total Assets 14.6% 16.7% 15.8% 7.6% 8.0%
3. Asset Quality
Non-Performing Loans to Total Loans 18.6% 8.9% 2.0% 1.1% 0.8%
Loan Loss Provision to Total NPL’s 76.2% 82.3% 88.1% 78.9% 88.4%
4. Liquidity
Net Loans to Total Deposits 69.6% 84.5% 84.2% 80.6% 90.1%
Net Loans to Total Assets 52.5% 57.6% 59.8% 64.1% 78.2%
Liquid Assets to Total Deposits 53.7% 49.3% 46.5% 40.8% 18.9%
* Including Islamic financing assets
4 // BMI Bank Annual Report 2010
BMI Bank Annual Report 2010 // 5