Qatar National Bank QPSC Q3 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Aybek Islamov - HSBC, Research Division - Analyst : Thank you for your presentation, Mark. I'd like to hand over the question line to Waleed Mohsin from Goldman Sachs.

Question: Aybek Islamov - HSBC, Research Division - Analyst : The next question comes from the line of Aaron Armstrong.

Question: Aybek Islamov - HSBC, Research Division - Analyst : So our next question comes from the line of Alay Patel, Barings Asset Management. Alay Patel Can you hear me, Ramzi?

Question: Aybek Islamov - HSBC, Research Division - Analyst : We are moving on to our next question from Chiro Ghosh, SICO Bahrain.

Question: Aybek Islamov - HSBC, Research Division - Analyst : Moving on to next question from Olga Veselova, Bank of America Merrill Lynch.

Question: Aybek Islamov - HSBC, Research Division - Analyst : We're moving on to the next question from the line of Edmond Christou, Bloomberg Intelligence.

Question: Aybek Islamov - HSBC, Research Division - Analyst : Yes, loud and clear.

Question: Aybek Islamov - HSBC, Research Division - Analyst : We are now moving to the next question from the line of [Nikhil Phutane], CBQ Asset Management. Unidentified Analyst I think very -- a lot of questions have been answered. But just to understand a little bit more on the Turkey side, as you rightly mentioned, pricing interest rate would help you enjoy better spreads. From that point of view and understanding that Enpara Digital Bank operations is now constituting more than 2/3 of the overall profit at Finance Bank. Do we see the similar trend to continue given the fact that we are seeing increasing loan --

Question: Aybek Islamov - HSBC, Research Division - Analyst : We now have a few questions, which came through the Q&A box. I'll read them out for you. The first question is about the asset quality. Can you please share Qatar cost of risk on a stand-alone basis? Was there any write-back or recoveries from Turkey this quarter?

Question: Aybek Islamov - HSBC, Research Division - Analyst : All right. Next question. It's about -- could you comment about the share of GRE deposits in your total deposits? And what led to the decrease in assets and deposits compared to the previous quarter?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Yes, what was the reason behind the decline in assets and deposits compared to the previous quarter?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Sure. Another question, which is coming from the Q&A box. It's about M&A plans. What's the long-term strategy regarding the M&A? And what regions is Qatar National Bank looking at? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 11, 2023 / 9:30AM, QNBK.QA - Q3 2023 Qatar National Bank QPSC Earnings Call

Question: Aybek Islamov - HSBC, Research Division - Analyst : Another question from the Q&A is regarding funding. So we hear that the banks have been guided to lower their international deposits. Is there any guidance to lower your Eurobonds issuance as well?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Sure. Another question is about your FX income that you earned in Egypt and Turkey from your FX operations. Do you hold that income in respective countries? Or are you able to repatriate it to Qatar?

Question: Aybek Islamov - HSBC, Research Division - Analyst : We have another question which came through the Q&A box. Let me read it out for you. Any update on the group guidance? That's the first question. There's a question about the cost of risk.

Question: Aybek Islamov - HSBC, Research Division - Analyst : Excellent. We have one question which is coming in through the live line. It's coming from [Deep Shah]. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 11, 2023 / 9:30AM, QNBK.QA - Q3 2023 Qatar National Bank QPSC Earnings Call Unidentified Analyst Can you hear me well?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Well, we appear to have no further questions from the audience. So yes, we're -- all right. We have a follow-up from Alay Patel. Alay Patel Yes. Sorry, just one follow-up, please, Ramzi. Just with the -- I think the Central Bank is implementing Basel IV from first of January '24. Do you have any indication? Normally, I've been reading that this is actually better for your capital ratios? And would you consider, given your currently strong car improving your payout ratio, especially in light of the fact that you don't any M&A on the horizon?

Question: Aybek Islamov - HSBC, Research Division - Analyst : Yes. So at this point of time, we don't have any further questions. Ramzi, would you like to make any closing comments for the call. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 11, 2023 / 9:30AM, QNBK.QA - Q3 2023 Qatar National Bank QPSC Earnings Call

Question: Aybek Islamov - HSBC, Research Division - Analyst : Thank you, everyone, for joining this call.