The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Aybek Islamov - HSBC, Research Division - Analyst
: Yes. So I have one sort of central question about the asset quality. It looks like the impact of COVID appears to be not as bad as in other GCC
economies, in my opinion. How do you think about the staging of loans in 2021 assuming that you can provide additional facilities, new lending
facilities to your borrowers? And we know that your loan book is quite complicated. That provision of additional lending facilities, is this something
which can prevent deterioration in the loan stages in your loan portfolio? So that will be my sort of central question at the core of it.
Question: Aybek Islamov - HSBC, Research Division - Analyst
: Okay. Yes. That's very clear. I think there will be follow-up questions on your international loan quality and your thoughts around there, but I'll leave
it to others.
Question: Janany Vamadeva - Arqaam Capital Research Offshore S.A.L. - Analyst
: I just have a couple of questions. The first on payment deferrals outside Qatar, like 25% of your loan book is outside Qatar. If you could talk a bit
about the payment deferral like in Turkey and Egypt, whether it has ended, what percentage was under the deferral program and how has the
payment behavior been like since then, that would be helpful.
And the second question is about Stage 2 ratio loans. It has remained stable in Q3 when we compare with Q2, around 5.5%. But I remember you
guided towards like a 7% for year-end. Just wondering whether you still hold, like, onto the year-end 7%. Or is there any change on that given that
Q3 has been like stable?
Question: Janany Vamadeva - Arqaam Capital Research Offshore S.A.L. - Analyst
: Do you think it's driven more by -- because most of the deferral program is going to sort of end like by December, so that's going to drive like the
bulk of increase from 5.5% to like 6.5% or 7%?
Question: Janany Vamadeva - Arqaam Capital Research Offshore S.A.L. - Analyst
: Ramzi, if you don't mind, just one more quick question. Like you did give a guidance of profit decline of 12.5% to 17.5% after the Q2 numbers. Do
you still think that's sort of the number you're looking at? Because you mentioned that by September, you'll have a better idea of how it's going
to fare.
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