National Bank Of Bahrain: Condensed Interim Financial Information For The 6 Months Ended 30 June 2017

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1. CONDENSED INTERIM FINANCIAL INFORMATION For the 6 months ended 30 June 2017 Condensed Statement of Cash Flows Condensed Statement of Financial Position As at 30 June 2017 BD Millions 30 June 2017 31 December 2016 (Reviewed) (Audited) Assets Cash and balances at central banks Treasury bills Placements with banks and other financial institutions Trading Securities Loans and advances Investment securities Investment in associates Interest receivable and other assets Property and equipment Total assets 109.25 502.04 111.55 0.50 1,054.35 1,106.64 49.53 41.77 12.82 2,988.45 102.99 486.80 160.90 0.35 1,031.93 1,092.92 50.08 38.71 12.42 2,977.10 Liabilities Due to banks and other financial institutions Borrowings under repurchase agreements Customers’ deposits Interest payable and other liabilities Total liabilities 386.78 9.27 2,143.04 32.43 2,571.52 373.81 64.28 2,088.35 35.96 2,562.40 Equity Share capital Shares under employee share incentive scheme Share premium Statutory reserve General reserve Other reserves and retained earnings Total equity Total liabilities and equity 127.54 (1.54) 4.07 63.77 32.40 190.69 416.93 2,988.45 115.95 (1.64) 2.53 57.98 32.40 207.48 414.70 2,977.10 30 June 2016 (Reviewed) 102.42 595.10 112.04 0.30 1,028.85 1,032.27 48.82 33.87 12.59 2,966.26 392.27 2,195.90 34.81 2,622.98 115.95 (1.64) 2.53 57.98 32.40 136.06 343.28 2,966.26 Condensed Statement of Profit or Loss For the 6 months ended 30 June 2017 (Reviewed) BD Millions Six months (January-June) 2017 2016 48.77 42.59 (13.82) (10.77) 34.95 31.82 18.67 19.70 53.62 51.52 10.48 10.87 5.13 4.99 15.61 15.86 38.01 35.66 (6.27) (1.49) (2.45) 31.74 31.72 25.2 fils 25.2 fils Interest Income Interest Expense Net interest income Other income Total Operating income Staff expenses Other expenses Total operating expenses Profit before provisions Impairment provisions on Loans and advances Impairment provisions on investments Profit for the period Basic and diluted earnings per share Three months (April-June) 2017 2016 24.96 21.64 (5.60) (7.12) 17.84 16.04 9.07 9.23 26.91 25.27 5.25 5.33 2.70 2.64 7.95 7.97 18.96 17.30 (1.96) (1.49) (1.85) 17.00 13.96 13.5 fils 11.1 fils Condensed Statement of Comprehensive Income For the 6 months ended 30 June 2017 (Reviewed) Profit for the period Other comprehensive income: Items that are or may be reclassified to profit or loss: Foreign currency translation movement Fair value reserve (available-for-sale securities): Net change in fair value Net amount transferred to profit or loss Share of other comprehensive income of associates Total other comprehensive income for the period Total comprehensive income for the period BD Millions Six months (January-June) 2017 2016 31.74 31.72 (1.57) (0.35) (0.02) (1.94) 29.80 Three months (April-June) 2017 2016 17.00 13.96 (0.01) (26.07) (1.88) 0.02 (27.94) 3.78 (13.88) (0.35) (14.23) 2.77 3.49 (1.77) 0.03 1.75 15.71 Operating Segment Information For the 6 months ended 30 June 2017 (Reviewed) External revenue External expense Inter-segment interest income/(expense) Total revenue Result Unallocated corporate expenses Profit for the period BD Millions Personal Bahrain Business Banking Banking 2017 2016 2017 2016 14.83 15.38 9.89 7.17 (4.74) (3.04) (5.64) (6.10) 6.80 4.63 5.52 5.86 16.89 16.97 9.77 6.93 10.24 9.80 (0.48) 2.04 Farouk Yousuf Khalil Almoayyed Chairman Dr. Essam Abdulla Fakhro Deputy Chairman 19 July 2017 Accounting Policies and Notes: Treasury & International Banking 2017 2016 42.72 39.74 (3.44) (1.63) (12.32) (10.49) 26.96 27.62 23.00 20.79 Total 2017 2016 67.44 62.29 (13.82) (10.77) 53.62 51.52 32.76 32.63 (1.02) (0.91) 31.74 31.72 Jean Christophe Durand Chief Executive Officer For the 6 months ended 30 June 2017 (Reviewed) 2017 Cash flow from operating activities Profit for the period Adjustments to reconcile net income to net cash from operating activities: Depreciation Impairment provisions for loans and advances Impairment provisions for investment Share of profit of associates Profit for the period after adjustments Change in operating assets and liabilities: Balances with central banks (mandatory cash reserve) Treasury bills Placements with banks and other financial institutions Trading Securities Loans and advances Investment securities Interest receivable and other assets Due to banks and other financial institutions Borrowings under repurchase agreements Customers’ deposits Interest payable and other liabilities Net cash used in operating activities Cash flow from investing activities Investment in associates Dividend received from associates Purchase of property & equipment, net Net cash from / (used in) investing activities Cash flow from financing activities Dividends paid Employee shares assigned under employee share incentive scheme Donations and charities paid Net cash used in financing activities Net decrease in cash and cash equivalents during the period Cash and cash equivalents at 1 January Cash and cash equivalents at 30 June BD Millions 2016 31.74 31.72 0.85 6.27 (1.76) 37.10 0.81 1.49 2.45 (1.70) 34.77 2.63 (46.45) 3.45 (0.15) (28.69) (8.19) (11.07) 12.97 (55.01) 54.69 (3.53) (42.25) 2.62 (196.03) (29.28) 5.73 22.88 54.75 (32.06) 120.78 (69.65) (51.12) 1.32 (135.29) 2.29 (1.25) 1.04 (10.00) 0.65 (0.89) (10.24) (28.08) 1.78 (0.70) (27.00) (68.21) 208.86 140.65 (25.39) 1.55 (0.82) (24.66) (170.19) 372.65 202.46 Contingent Liabilities and Banking Commitments As at 30 June 2017 BD Millions Contingent liabilities Letters of credits Guarantees Sub-total Banking commitments Undrawn loan commitments Forward commitments Interest rate contracts Foreign exchange contracts Sub-total Total 30 June 2017 (Reviewed) 31 December 2016 (Audited) 30 June 2016 (Reviewed) 32.16 160.91 193.07 27.49 158.10 185.59 37.46 146.27 183.73 103.93 595.88 626.56 1,326.37 1,519.44 58.19 644.69 572.81 1,275.69 1,461.28 64.08 3.76 567.42 615.94 1,251.20 1,434.93 Condensed Statement of Changes in Equity For the 6 months ended 30 June 2017 (Reviewed) Balance at 1 January 2017 2016 appropriations: - Cash Dividend at 25% - Bonus shares issued (10%) - Transfer to donations and charity - Transfer to general reserve - Transfer to statutory reserve Balance after 2016 appropriations Shares allocated during the period Comprehensive income for the period: Profit for the period Other comprehensive income Total comprehensive income for the period Utilisation of donation and charity reserve Balance at 30 June 2017 BD Millions Other reserves and retained earnings Shares under employee Share share incentive Share Statutory scheme premium reserve capital 115.95 (1.64) 2.53 57.98 General reserve 32.40 11.59 127.54 - (0.14) (1.78) 0.24 2.53 1.54 5.79 63.77 - (11.59) 17.38 (5.79) 32.40 - 25.26 127.54 (1.54) 4.07 63.77 32.40 (1.94) (1.94) 23.32 Fair Donation value & charity Retained reserve reserve earnings 25.26 14.66 167.56 - 2.91 17.57 - Balance at 1 January 2016 2015 appropriations: - Cash Dividend at 25% - Bonus shares issued - Transfer to donations and charity - Transfer to general / statutory reserve - Transfer to statutory reserve Balance after 2015 appropriations Shares allocated during the period Comprehensive income for the period: Profit for the period Other comprehensive income Total comprehensive income for the period Utilisation of donation and charity reserve Balance at 30 June 2016 (28.65) (28.65) 0.14 (2.91) (17.38) 118.76 386.05 1.78 31.74 31.74 (0.70) 16.87 150.50 For the 6 months ended 30 June 2016 (Reviewed) Total equity 414.70 31.74 (1.94) 29.80 (0.70) 416.93 BD Millions Other reserves and retained earnings Shares under employee Share share incentive Share Statutory capital scheme premium reserve 105.41 (1.72) 1.21 51.75 General reserve 32.40 10.54 115.95 - (0.15) (1.87) 0.23 1.21 1.32 0.96 5.27 57.98 - (10.54) 15.81 (5.27) 32.40 - 7.62 - 115.95 (1.64) 2.53 57.98 32.40 (27.94) (27.94) (20.32) Fair Donation value & charity Retained reserve reserve earnings 7.62 13.40 154.69 2.76 16.16 - Total equity 364.76 (25.98) (25.98) 0.15 (2.76) (16.77) 109.33 338.78 1.55 31.72 31.72 (0.01) (27.95) 31.71 3.77 (0.82) (0.82) 15.34 141.04 343.28 1. Significant Accounting Policies and Financial Risk Management: There have been no changes in the Bank’s Significant Accounting Policies and Risk Management Framework as set out on pages 69 to 79 of the Bank’s 2016 annual report. 2. Statement of Compliance: This condensed interim financial information has been prepared in compliance with International Accounting Standard 34 “Interim Financial Reporting”. 3. Dividend Income: For 6 months ended 30 June 2017, Other Income includes BD 2.68 million (June 2016: BD 3.55 million) of dividend income received from the Bank’s investments in equity securities.This income is of a seasonal nature. 4. Appropriations: At the annual ordinary general meeting for the year 2016 which was held on 8 March 2017, certain appropriations were approved and effected during the period. These appropriations include BD 28.99 million (BD 28.65 million excluding dividends on un allocated shares under employee share incentive scheme) for cash dividend at 25%, BD 2.91 million for donations and contributions and a transfer of BD 17.38 million from retained earnings to general reserve, increase in paid up capital due to a one for ten bonus issue through utilization of BD 11.59 million from general reserve and the transfer of BD 5.79 million from General Reserve to Statutory Reserve. Reviewed by: KPMG 19 July 2017 Licensed by CBB as a conventional retail bank | National Bank of Bahrain BSC, Tel: 17 228800, Website: www.nbbonline.com @NBBSocial