Ithmaar B S C : Composition of Capital Disclosure – 31 March 2024

Ithmaar Bank B.S.C (C)

Common Disclosures Template for the period ended 31 March 2024

Expressed in thousands of Bahraini Dinars unless otherwise stated

PD : Reconciliation requirements

Step 1: Disclosure of Balance Sheet under Regulatory scope of Consolidation

The Bank's subsidiaries (consolidated line by line for accounting purposes) have the following treatment for regulatory purposes

			% owned
						Principal
					Country of	business
Name	Total assets	Total Equity	Voting	Economic	Incorporation	activity	Regulatory Treatment
Faysal Bank Limited	2,001,401	128,679	67	67	Pakistan	Banking	Aggregation
Dilmunia Development Fund I L.P.	65,610	56,071	92	92	Cayman Islands	Real estate	Risk weight
The reconciliation from published financial information to regulatory return is as follows:
Balance sheet as per published financial statements	2,521,533
FAS 30 Transitional impact	21,630
Modification loss transitional impact	18,403
Aggregation	37,372
Balance sheet as in Regulatory Return	2,598,938
Step 2: Reconciliation of published financial balance sheet to regulatory reporting as at 31 March 2024
	Balance sheet
	as in published	Consolidated PIRI
Assets	financial statements	data	Reference
Cash and balances with banks and central banks	17,738	17,738
Commodity placements with banks, financial and other institutions	19,078	19,078
Financing assets	320,485	320,485
Investment securities	36,431	36,431
Other assets	690	690
Property and equipment	107	107
Intangible assets	587	587
Assets classified as held for sale	2,126,417	2,126,417
FAS 30 Transitional impact	-	21,630
Modification loss transitional impact	-	18,403
Aggregation	-	37,372
Total Assets	2,521,533	2,598,938	-

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Step 2: Reconciliation of published financial balance sheet to regulatory reporting as at 31 March 2024

	Balance sheet
	as in published		Consolidated PIRI
Assets	financial statements		data	Reference
Liabilities & Quasi equity
Quasi equity	10,002		10,002
Quasi equity directly associated with assets classified as held for sale	1,067,386		1,067,386
Other liabilities	297,097		297,097
Other liabilities directly associated with assets classified as held for sale	1,053,887		1,053,887
Total Liabilities & URIA	2,428,372		2,428,372	-
Minority Interest	48,838		48,838
Owners' Equity
Share capital	100,000		100,000	A
Reserves	(53,304)		(53,304)
of which eligible for CET1	-		(37,097)	B
Accumulated losses	(2,373)		(2,373)
of which eligible for CET1	-		(60,122)	C
FAS 30 Transitional impact	-		21,630	D
Modification loss & ECL transitional impact	-		18,403	E
Aggregation	-		37,372
Total Owners' Equity	44,323		121,728
Total Liabilities + Owners' Equity	2,521,533		2,598,938
	-		-
Step 3: Composition of Capital Common Template (transition) as at 31 March 2024
			Reference numbers
			of balance sheet
			under the regulatory
			scope of	Amount
	Component of		consolidation from	subject to
Composition of Capital and mapping to regulatory reports	regulatory capital		step 2	pre- 2015
Directly issued qualifying common share capital (and equivalent for non-joint
stock companies) plus related stock surplus	100,000		A
Retained earnings	(60,122)		C
of which Modification loss including ECL provisions relating to stage 1 & 2	18,403		E
Expected Credit Losses (ECL) Stages 1 & 2	(52,762)
of which FAS 30 Transitional impact	21,630		D
Reserves	(37,097)		B
Aggregation & deductions	124,269
Total CET1 capital	114,321
FAS 30 Transitional impact	7,407
Total T2 Capital	7,407
Total Capital	121,728
Total Risk Weighted Assets (RWA)	832,310
Capital Adequacy Ratio (CaR)	14.63%

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Ithmaar Bank B.S.C. (C)

For the period ended 31 March 2024

Disclosure template for main features of regulatory capital instruments

1	Issuer	Ithmaar Bank B.S.C. (C)
2	Unique identifier (Bahrain bourse ticker)	None (not listed)
		All applicable laws and regulations in the
3	Governing law(s) of the instrument	Kingdom of Bahrain
	Regulatory treatment
4	Transitional CBB rules	Common Equity Tier 1
5	Post-transitional CBB rules	Common Equity Tier 1
6	Eligible at solo/group/group & solo	Group and solo
7	Instrument type (types to be specified by each jurisdiction)	Equity shares
	Amount recognised in regulatory capital (Currency in mil, as of
8	most recent reporting date)	BD 100 million
9	Par value of instrument	BD 0.100
10	Accounting classification	Shareholders' equity
11	Original date of issuance	2 January 2017
12	Perpetual or dated	Perpetual
13	Original maturity date	No maturity
14	Issuer call subject to prior supervisory approval	No
	Optional call date, contingent call dates and redemption
15	amount	Not applicable
16	Subsequent call dates, if applicable	Not applicable
	Coupons / dividends
17	Fixed or floating dividend/coupon	Dividend as declared by shareholders
18	Coupon rate and any related index	Not applicable
19	Existence of a dividend stopper	Not applicable
20	Fully discretionary, partially discretionary or mandatory	Fully discretionary
21	Existence of step up or other incentive to redeem	No
22	Noncumulative or cumulative	Non-cumulative
23	Convertible or non-convertible	Not applicable
24	If convertible, conversion trigger (s)	Not applicable
25	If convertible, fully or partially	Not applicable
26	If convertible, conversion rate	Not applicable
27	If convertible, mandatory or optional conversion	Not applicable
28	If convertible, specify instrument type convertible into	Not applicable
29	If convertible, specify issuer of instrument it converts into	Not applicable
30	Write-down feature	No
31	If write-down,write-down trigger(s)	Not applicable
32	If write-down, full or partial	Not applicable
33	If write-down, permanent or temporary	Not applicable
34	If temporary write-down, description of write-up mechanism	Not applicable
35	instrument type immediately senior to instrument)	Not applicable
36	Non-compliant transitioned features	No
37	If yes, specify non-compliant features	Not applicable

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