#1بنك الإمارات دبي الوطني Emirates NBD 60 60 years together Toolc 60 COP28 UAE Principal Banking Partner Investor Presentation Emirates NED COLLL -------- November 2023#2Important Information Disclaimer The material in this presentation is general background information about Emirates NBD's activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate. The information contained herein has been prepared by Emirates NBD. Some of the information relied on by Emirates NBD is obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. Forward-Looking Statements It is possible that this presentation could or may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as anticipate, target, expect, estimate, intend, plan, goal, believe, will, may, should, would, could or other words of similar meaning. Undue reliance should not be placed on any such statements because, by their very nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results, and the Group's plans and objectives, to differ materially from those expressed or implied in the forward- looking statements. There are several factors which could cause actual results to differ materially from those expressed or implied in forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business, competitive, market and regulatory forces, future exchange and interest rates, changes in tax rates and future business combinations or dispositions. Emirates NBD undertakes no obligation to revise or update any forward- looking statement contained within this presentation, regardless of whether those statements are affected as a result of new information, future events or otherwise. Rounding Rounding differences may appear throughout the presentation. 2#3Emirates NBD Profile Emirates NBD#4Emirates NBD is a leading bank in the MENAT Region Region's most profitable bank US$ 4.8bn in 9M'23 4th Largest Bank in GCC By Assets 2nd Largest Bank in UAE By Assets AED 32.7bn Total Income AED 17.5bn Profit 4.00% Net Interest Margin 19.7% Capital Ratio 56% Government of Dubai Holding 40% Foreign Ownership Limit 14% Foreign Ownership As of 2 Nov 2023 AED 836bn Total Assets AED 17.15 +31.9% YTD Share Price As of 2 Nov 2023 AED 108bn Market Cap As of 2 Nov 2023 AED 570bn Total Deposits AED 494bn Total Gross Loans 13 853 Countries Branches 20 million + customers 4#5Emirates NBD at a glance Key Highlights 1. Largest financial institution in Dubai, one of the largest and most profitable in GCC 2. Leading retail banking franchise with a branch network of 853 branches throughout the MENAT region with operations in 13 countries 3. Leader in digital banking: largest digital lifestyle bank in the region Emirates NBD's International Presence 643 Turkey 11 Austria 3 Germany 1 Moscow 1 Bahrain 4. 55.8% indirectly owned by the Government of Dubai through ICD 1 London 68 Egypt 13 KSA Stable Credit Ratings 109 UAE 3 India Short-term Long-term Outlook 1 Singapore Moody's P-1 A2 Stable 1 Jakarta 1 Fitch F1 A+ Stable Beijing CI A1 A+ Stable Emirates NBD Emirates NBD Rep. Offices DenizBank 5#6Stable Shareholder Base and Diversified Business Model Split of Ownership - Anchored by the Government of Dubai Ownership structure as of September 2023 Others 39% Capital Assets 5% Dividend per share grew 150% since 2013 Dividend per share growth (CAGR) of 10% p.a. Investment Corporation of Dubai 56% 0.60 0.50 0.40 0.40 0.40 0.40 0.40 0.40 0.35 0.25 Key Highlights • A flagship bank for the Government of Dubai and the UAE . • . Strong and supportive shareholder base from the Government of Dubai via Investment Corporation of Dubai International presence in Asia, Europe and MENAT across 13 countries. DenizBank acquisition further enhanced geographic profile Well diversified and balanced asset composition between corporate, consumer and Islamic banking Foreign ownership at 14.1% on 2nd November 2023 with FOL limit increased to maximum permissible 40% in July 2020 Equity Analysts Coverage Buy Hold Sell 15 1 Recommendation Average Target Price Price as on 2nd November 2023 9M'23 EPS 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 All figures in AED 20.02 17.15 2.71 6#7Overview liv is Emirates NBD's digital bank with over 450,000 customers. It has been refreshed with a new product portfolio and value proposition, focused on enabling the Gen Now to "Liv Ahead". Key products: О Liv Bonus Multiplier Account - A gamified savings/current account providing up to 3% increment on salary for banking more with Liv Liv Money Ahead - A rewarding Fixed Deposit account providing upfront interest of 4%, with a lock-in period of 120 days during the campaign 。 Liv World Credit Cards - Allow one- click switching between reward programs, without requiring a change of the card number or card plastic BE READY FOR MORE MONEY liv ahead liv WORLD PLATINUM DEBIT mastercord لا Liv Goal Account - A savings accounts through which customers can set specific goals and set up rules to save for them in a targeted way Liv Young - Enables parents and guardians to open a mobile-based account for their children and wards between the ages of 8 to 17 Key Digital Developments Enhanced everyday banking app ENBD X launched with 150+ services, including 100+ STPS Launched a digital wealth platform, embedded in ENBD X, enabling customers to trade >11K global and local equities and ETF across 21 global and local stock exchanges Enabled instant journeys across accounts, credit cards, and personal loans on tablet banking, reducing back-office processing significantly Upgraded website platform to best-in-class Sitecore CMS, enabling faster performance and improved security Accelerated ATM cash withdrawal by 2.6x through journey optimizations Revamped WhatsApp banking application, activating 14 high-use journeys Transactions via digital channels Eligible Retail Business customers digitally active Eligible Corporate clients opting for digital platform 2021 2021 2021 96% 84% 91% 98% 85% 91% H1 2023 H1 2023 H1 2023 7#8Emirates NBD is one of the largest and most profitable banks in the MENAT region... Total Income In USD mn Emirates NBD 160) 8,909 QNB 7,830 Net Profit Total Assets In USD mn In USD bn 9M'2023 Emirates NBD 604,763 QNB 326 بنك أبوظبي الأول SNB 4,046 FAB First Abu Dhabi Bank بنك أبوظبي الأول SNB 6,924 FAB 3,375 First Abu Dhabi Bank بنك أبوظبي الأول FAB First Abu Dhabi Bank مصرف الراجحي 323 SNB 274 Total Deposits In USD bn QNB 226 بنك أبوظبي الأول FABT First Abu Dhabi Bank 214 SNB 167 مصرف الراجحي 5,592 3,320 Emirates NBD Al Rajhi Bank 1601 228 Emirates NBD 155 مصرف الراجحي QNB 3,292 Q مصرف الراجحي Al Rajhi Bank 214 151 Al Rajhi Bank Al Rajhi Bank 5,462 بنك أبو ظبي التجاري ADCB 3,323 بنك أبوظبي التجاري ADCB 1,566 بنك أبو ظبي التجاري ADCB 146 بنك أبوظبي التجاري ADCB 86 8 00#9and Emirates NBD is a national champion, One of the two largest banks in the UAE Total Income In AED mn Net Profit In AED mn 9M'2023 Total Gross Loans In AED bn Coverage Ratio & NPLs (%) As of 30 Sep 2023 Emirates NBD 60 32,719 Emirates NBD 617,493 بنك أبوظبي الأول FABT First Abu Dhabi Bank بنك دبي الإسلامي Dubai Islamic Bank بنك أبو ظبي التجاري ADCB المشرق mashreq مصرف أبو ظبي الإسلامي ADIB 20,538 14,548 12,205 بنك أبوظبي الأول FABT First Abu Dhabi Bank المشرق mashreq بنك أبوظبي التجاري ADCB بنك دبي الإسلامي 7,907 Dubai Islamic Bank 6,694 مصرف أبوظبي الإسلامي ADIB بنك أبوظبي الأول FAB 500 First Abu Dhabi Bank CET-1 Ratio (%) NPL% As of 30 Sep 2023 المشرق 223 1.5 Emirates NBD 16.9 mashreq 12,395 Emirates NBD 1601 494 Emirates NBD 60 145 5.5 5,768 بنك أبوظبي التجاري ADCB 5,752 بنك دبي الإسلامي Dubai Islamic Bank 4,823 3,750 مصرف أبوظبي الإسلامي ADIB المشرق mashreq بنك أبوظبي الأول المشرق mashreq بنك أبوظبي الأول 15.6 296 FAB 97 3.9 FAB 14.2 First Abu Dhabi Bank First Abu Dhabi Bank 208 بنك أبوظبي التجاري ADCB بنك دبي الإسلامي 118 Dubai Islamic Bank 106 مصرف أبوظبي الإسلامي ADIB 91 5.4 بنك دبي الإسلامي Dubai Islamic Bank 84 6.0 70 6.6 بنك أبوظبي التجاري ADCB مصرف أبوظبي الإسلامي ADIB 13.6 13.5 13.4 9#10Economic Environment Emirates NBD#11Forecasted non-oil GDP growth revised up to 5% in 2023 UAE GDP Growth 1.3 1.1 0.7 -5.0 4.4 7.9 3.6 2.9 Key Highlights . The Dubai PMI rose to a three-month high of 56.1 in September 2023 on strong business outlook Dubai tourism flourishing with visitors exceeding 11mn during 2023 Dubai's Villa sales prices rose 17.1% y/y and Apartments up 15.8% y/y in Q2 2023 Office rents rose 18% y/y in Q2 2023. Off-plan sales made up 56% of total residential transactions • 2017 2018 2019 2020 2021 2022 2023f 2024f Key contributors of Dubai GDP - H1 2023 Other 26 Trade 24 Transport 14 Financial Services 12 Manufacturing Real Estate Services 8 8 00 ICT 5 Dubai private school enrollments (in thousand pupils) 12% 365 326 288 289 242 252 260 267 276 275 231 212 III Sep-12 Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Sep-20 Sep-21 Sep-22 Sep-23 11#12Dubai: Positioning for future growth Dubai property prices growth 60 40 20 (20) 0 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Real estate transactions Existing properties ■ Off plan -Villas Apartments 35,000 Jun-18 Dec-18 Jun-19 30,000 25,000 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21 20,000 15,000 Jun-22 10,000 Dec-22 5,000 0 Dec-17 Dubai Tourists (in millions) II. 2018 2019 2020 Source: UAE Central Bank, Bloomberg, UAE Ministry of Health, Asteco Q1 2019 Q3 2019 Q1 2020 Q3 2020 Q1 2021 Q3 2021 Q1 2022 Q3 2022 Q1 2023 Q3 2023 Dubai occupancy rates and RevPAR Occupancy rate (%, lhs) RevPAR (USD, rhs) 100 150 90 120 80 70 60 50 40 30 20 IIIM 90 60 30 0 -30 2021 2022 Aug-23 2016 2017 2018 2019 2020 2021 2022 12#13Financial & Operating Performance Emirates NBD#14Executive Summary Q3 23 Results Record profit of AED 17.5 bn in AED 9M'23 on higher 品 income & strong AED அ) recoveries Deposits grew 13% by AED 67 bn, including AED 33 bn CASA growth Sustainable Finance Framework launched and issued largest ever green bond from a regional bank AED ($) Record income of AED 32.7 bn in 9M'23 on strong loan & deposit mix coupled with higher interest rates 8% loan growth on strong Retail lending momentum with Corporate closing landmark deals across the region Key Metrics and Guidance Profit Income NIM AED 17.5 bn AED 32.7 bn 4.00% +92% +44% Guidance 3.8-4.0% Cost to Income LCR CET 1 25.5% Guidance Solid balance sheet with improvement in capital, liquidity and credit quality and strong profit remain core strengths of the Group ≤ 33% NPL Cover 145% 190% 16.9% NPL ratio 5.5% Guidance revised to less than 6% Cost of Risk 42 bp Guidance -50-70 bp Loan Growth 8% Guidance high-single digit 14#15Consistent profitability due to diversified and resilient business model Return on Average Tangible Equity (excluding 2019 NI gain) 11% 16% 20% 18% 19% 20% 17% 10% 13% 17% 27% Total Income Net Profit CAGR (13-9M'23): 14% CAGR (13-9M'23): 22% 17.4 15.2 15.4 14.4 14.7 11.8 10.0 8.3 7.1 7.2 5.1 3.3 32.5 32.7 23.8 23.2 22.4 22.7 14.5 17.3 17.5 13.0 9.3 7.0 9.1 7.3 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 9M'23 ■Total Income (AED Bn) ■Net Profit (AED Bn) ■9M'23 Total Income ■9M'23 Net Profit * 2019 includes gain on disposal of NI AED 4.4 bn 15#16AED 17.5 bn record profit rises 92% y-o-y on strong diversified income growth and healthy recoveries Income Statement 9M'23 9M'22 %ΔΥΟΥ Q3-23 %A YOY %A QOQ (All figures are in AED bn) Key Highlights Net interest income 22.3 15.5 43% 7.8 29% 8% Non-funded income 10.5 7.2 46% 3.6 49% 0% Total income 32.7 22.7 44% 11.4 35% 6% Operating expenses (8.4) (6.4) 31% (2.9) 24% 3% Operating profit 24.4 16.3 50% 8.5 39% 7% before impairment Impairment allowances (1.5) (3.3) (54)% (0.6) (60)% 16% Profit before tax & others 22.9 13.0 75% 8.0 67% 6% Hyperinflation adjustment (3.2) (2.4) 31% (1.8) 236% Tax (2.2) (1.5) 44% (0.9) 102% 248% 22% Profit 17.5 9.1 92% 5.2 38% (16)% Cost: income ratio 25.5% 28.2% (2.7)% 25.3% NIM 4.00% 3.10% 90 bps 4.08% (1.9)% 51 bps (0.7)% 21 bps Balance Sheet 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QOQ Total Assets 836 742 13% 811 3% Total Gross Loans 494 456 8% 479 3% Deposits 570 503 13% 556 3% CET-1 16.9% 15.4% 1.5% 16.6% 0.3% LCR 190% 182% 8% 217% (27)% NPL ratio 5.5% 6.0% (0.5)% 5.6% (0.1)% Group profit up 92% on strong diversified income growth and healthy recoveries - ENBD income higher from balance sheet growth, improving loan and stable funding mix, increased margins and higher transaction volumes - DeinzBank non-funded income higher in 9M'23 from higher customer transaction volumes and margins, hedges and swaps; Q3-23 net interest income higher due to wider margins, loan growth, CPI-linked income and indexation NIMs at top-end of guidance as higher funding cost at ENBD offset by wider DenizBank margins Cost of risk remained low in 9M'23 at 42 bp on strong recoveries and robust operating environment 13% balance sheet growth to AED 835 bn AED 33 bn CASA growth with limited migration to Fixed Deposits in Q3 Corporate lending closing landmark deals across region and Retail lending continuing strong growth momentum AED 1.9 bn profit contribution from DenizBank despite challenging operating environment Higher income enables accelerated investment in digital, AI and international expansion propelling future business growth 16#17NIMs at top-end of guidance Net Interest Margin (%) Quarterly NIM 4.40 -YTD NIM 4.05 4.08 • 3.96 3.57 4.05 3.87 4.00 • 3.43 3.10 Fed Funds Upper Bound 2.89 2.65 2.53 1.75% 0.25% 0.25% 3.25% 4.50% 5.00% 5.25% 5.50% 2019 2020 2021 Q3-22 Q4-22 Q1-23 02-23 Q3-23 Key Highlights 9M'23 NIM up 90 bps y-o-y due to improved loan & deposit mix and higher interest rates Q3-23 NIM up 21 bps q-o-q on higher DenizBank NIM due to improved loan pricing, higher CPI-linked and indexation income, more than offsetting higher funding costs and competitive loan pricing at ENBD NIMS at top-end of 3.8-4.0% guidance range NIM drivers 9M'23 vs 9M'22 (%) 3.10 3.04 (1.06) (0.66) (0.42) NIM drivers Q3-23 vs Q2-23 (%) 4.00 0.45 4.08 3.87 0.17 (0.19) (0.22) 9M'22 Loan Yield Deposit Cost Treasury & Other DenizBank 9M'23 Q2-23 Loan Yield Deposit Cost Treasury & Other DenizBank Q3-23 17#18Non-funded Income showing steady growth Non-funded income Q3-23 Q3-22 %A YOY Q2-23 %A QOQ Key Highlights (All figures are in AED m) • Fee and Commission income 2,394 1,806 33% 1,993 20% Fee and Commission expense (1,116) (744) 50% (874) 28% • Net Fee and Commission Income 1,277 1,062 20% 1,120 14% • Other operating income. 2,174 1,388 57% 2,394 (9)% Gain/loss on trading securities 140 (45) (408)% 78 79% Total Non-funded income 3,592 2,404 49% 3,592 0% Healthy trend in fee and commission income from increased local & international retail card business at both ENBD and DenizBank, strong investment banking revenue and increased Trade Finance Fee income up 20% q-o-q partly on higher card spend volumes at DenizBank Other operating income up 57% y-o-y due to increased retail customer FX remittance volumes, additional corporate hedging, and increase in hedging and swap income relating to DenizBank Q3-23 FX & derivative income lower on tighter FX transaction spreads in Turkey, partially offset by higher gains on investments Fee and Commission Income Other Operating Income (AED m) (AED m) 2,016 1,993 2,394 78 277 1,806 1,870 68 69 54 73 267 271 218 228 2,039 287 2,394 23 284 2,174 91 328 311 1,388 28 2,038 158 2,087 1,533 1,569 1,681 1,653 1,041 85 1,755 49 1,441 1,202 907 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q3-22 Q4-22 FX & Derivative Q1-23 Property & Others Q2-23 Investment Securities Q3-23 ■Fee Income ■Trade Finance Brokerage and AM Fees 18#19Strong Loan and Deposit growth Gross Loans by Type (AED bn) 8% 494 457 456 470 479 66 69 73 67 67 94 95 101 107 110 DenizBank ■Retail 114 113 116 112 111 ■Sovereign ■Corporate 183 179 180 193 206 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Deposits by Type (AED bn) 13% Key Highlights • Gross lending up 8% in 9M'23 - - Retail lending up 16% with strong demand across all products Corporate lending up 15% on strong origination throughout region in Manufacturing, Trade, Transport and Communication and conglomerates - DenizBank's TL gross loans up 33%. Gross loans down 3% after FX Deposit franchise is a proven key strength of ENBD with AED 67 bn growth in 9M'23 including an impressive AED 33bn increase in CASA - Limited CASA migration in Q3-23 CASA represents 59% of total Group deposits - DenizBank's TL deposits up 94%. Deposits up 5% after FX Gross Loans by Sector (%) Agri 1% 538 556 570 Other 3% 503 481 80 86 Manuf. 5% 89 DenizBank 79 82 26 31 22 Trans & Services 12% 19 16 139 Other 133 146 114 128 Trade 7% ■Time Construction & Hotels 5% ■CASA 272 274 293 311 307 FI & Mgmt Cos 11% Real Estate 9% Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Net Loans by Geography (%) Sovereign 22% Personal 26% International 20% GCC 3% UAE 77% 19#20Credit quality improving with market leading coverage Key Highlights Impaired loans and allowances 5.8 6.0 5.6 5.6 5.5 . 26.6 37.9 27.3 143 39.4 39.8 39.3 39.2 26.2 26.8 27.0 152 147 145 145 Q3-23 Impairment Allowances (AED Bn) NPL Ratio (%) Q3-22 Q4-22 Impaired Loans (AED Bn) Coverage Ratio (%) Q1-23 Q2-23 Coverage by Stage Stagewise ECL (AED bn) NPL ratio improved by 0.5% to 5.5% in 9M'23 on strong writebacks and recoveries Coverage ratio remained healthy at 145% in 9M'23 - S1 coverage increased due to Turkish earthquake and higher rate environment overlay - S2 coverage increased to 29.2% - S3 coverage slightly lower at 94.8% . 2023 cost of risk guidance maintained at ‘50-70bp' and NPL guidance revised to 'less than 6%' Total Gross Loans FY-22 | AED 456 bn 1.2% 26.8% Stage 1 87.7% 1.3% 39.4 39.2 Stage 1 Stage 2 6.4% 29.2% 4.8 5.7 7.8 Stage 3 6.0% ■Stage 2 7.5 98.3% 94.8% ■Stage 3 26.8 26.1 Q4-22 Q3-23 Q4-22 Q3-23 9M'23 | AED 494 bn Stage 1 89.4% Stage 2 5.2% Stage 3 5.5% 20 20#21Costs firmly controlled with focus on future growth Cost to Income Ratio (%) 10000 33.0% Key Highlights . 9M'23 cost to income ratio at 25.5% comfortably within guidance as continued acceleration of investment for growth supported by higher income Staff costs increased y-o-y to deliver strong business growth and investment in human capital for future growth in digital and international IT and Communication costs increased q-o-q on continued investment to deliver market leading technology solutions 29.1% 28.2% 28.5% 26.0% • 27.4% 25.3% 25.5% 25.3% 25.6% 25.3% Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 CI Ratio (YTD) CI Ratio (QTD) Upper Guidance range Operating expenses trends (AED m) 24% 2,858 2,817 2,896 2,642 2,327 601 857 794 620 268 499 219 219 211 217 Other Cost 177 268 236 178 255 IT & Commun. Dep. & Amort. 1,810 Staff Cost 1,396 1,514 1,567 1,634 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Operating expenses composition (%) Breakdown as of 9M'23 O Staff 62% Other 11% Depreciation 8% IT 5% Communication 4% Service & Legal 3% Occupancy 3% Equip. & Supp. 2% Marketing 2% Amortization 0% 21#22Funding & Liquidity remains very healthy Advances to Deposit and Liquidity Coverage Ratio (%) Key Highlights 105 ADR % -LCR % 217 220 • LCR of 190% and ADR of 80% demonstrate healthy liquidity 100 187 190 182 • Liquid assets* of AED 80 billion cover 11% of total liabilities, 14% of deposits 180 95 152 90 140 • 85 100 87 AED 14 bn of term debt issued in 2023 fully covers 2023 maturities ENBD issued largest ever green bond by regional bank, underlining ESG commitment DenizBank further diversifies funding through issue of US$ 230m and EUR 50m Murabaha term financing agreement 80 83 80 79 80 75 60 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Composition of Liabilities and Debt Issued (%) Customer Deposits 78% Maturity Profile of Debt/Sukuk Issued AED 64.9 bn 19.0 06 14.4 0.6 11.4 10.3 0.6 Debt/Sukuk 9% 6.4 0.6 18.4 4.6 5.1 Others 8% 10.8 9.7 0.7 1.1 7.4 Banks 5% 4.0 3.9 * Includes cash and deposits with Central Banks, excludes interbank balances and liquid investment securities 2023 2024 2025 ENBD 2026 ■Club Deal DenizBank 2027 Beyond 2027 22#23Capital ratios extremely strong Capital (AED bn) 76.6 5.9 105.0 9.1 14.6 90.0 (0.4) (0.8) CET1 31-Dec-22 Net Earnings Interest on AT1 ECL CET1 add-back 30-Sep-23 T1 T2 Capital 30-Sep-23 Risk Weighted Assets (AED bn) Key Highlights CET-1 ratio improved by 1.5% to 16.9% during 9M'23 as the AED 14.6 bn increase in net earnings more than offsets a 7% increase in RWAS • Capital ratios well above 11% / 12.5% / 14.5% CBUAE min. requirement . CET-1 at 16.4% excluding ECL regulatory add-back • IAS 29 hyperinflation adjustment is capital neutral Capital Ratios (%) 19.5 19.7 7% 18.5 18.3 18.7 1.1 1.1 1.1 1.1 1.1 1.8 1.7 1.9 1.8 1.8 533 490 499 515 508 123 132 139 129 138 31 33 33 33 33 15.5 15.4 15.8 16.6 16.9 11 11 12 12 12 326 323 331 334 351 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q3-22 Q4-22 Q1-23 Credit Risk Market Risk Q2-23 Operational Risk Q3-23 ■CET1% AT1% T2% DenizBank 23#24Divisional Performance Operating Segment Metrics 9M'23 9M'22 %A YOY Income (mn) 12,057 8,888 36% Expense (mn) 3,021 2,505 21% Retail Banking and Wealth Management Profit (mn) 6,367 5,548 15% Loans (bn) 110 94 17% Deposits (bn) 287 243 18% Income (mn) 5,895 4,544 30% Expense (mn) 516 478 8% Corporate and Institutional Banking Profit (mn) 5,702 2,788 > 100% Loans (bn) 317 297 7% Deposits (bn) 197 159 24% Income (mn) 2,976 1,040 > 100% Global Markets and Expense (mn) 149 133 12% Treasury Profit (mn) 2,762 847 > 100% Income (mn) 9,026 7,424 22% Expense (mn) 2,664 1,702 57% DenizBank Profit (mn) 1,851 1,139 62% Loans (bn) 67 66 1% Deposits (bn) 86 79 9% Key Highlights Retail Banking and Wealth Management continued its excellent performance with its highest ever nine-month revenue, strongest ever acquisition, and substantial growth in balance sheet Lending increased 16% by AED 15 bn and Deposits grew by AED 29 bn in 9M' 2023 One-third market share of UAE Credit Card spend as card spend grew 28 % y-o-y Income grew 36% on record volumes, improved margins and highest ever non-funded income 'ENBD X' mobile banking app successfully rolled out, using latest technology, security and user experience trends propelling it to the #1 Finance app in the region Signature launched offering ultra-HNW customers unrivalled benefits, services and privileges AUMS grew by an impressive 28% in 2023, reflecting ENBD's full-service platform on the back of Digital wealth platform expansion giving customers access to over 11,000 global equities Corporate and Institutional Banking strengthened its strategic partnership with major Government entities and Corporates by enhancing digitized service platforms Profitability jumped 104% due to significant growth in revenues on increased lending, higher cross-sell across products and strong recoveries Corporate lending (ex. Sovereign) up 15% on strong origination throughout region in Manufacturing, Trade, Transport and Communication and conglomerates Landmark corporate deals including AED 10 billion hybrid Credit Facilities and US$ 3.5 billion revolving Credit Facility closed for large multinational customers 'Emirates NBD Pay', our Merchant Acquiring service, onboarded more than 20 clients, with over AED 3.5 billion transaction value since launch ESG-Linked Supply Chain Finance Program launched with Emirates Global Aluminum Global Markets and Treasury delivered an outstanding performance, generating almost AED 3 billion in income in the first nine months of 2023 Income grew by 186% driven by favorable Balance Sheet positioning coupled with a significant increase in banking book investment income The trading desk reported robust numbers with Foreign Exchange trading posting 89% growth Sales delivered strong growth, driven by Foreign Exchange and Structured products Group Funding issued a US$ 750m green bond, the largest ever from a regional bank DenizBank Profit up 63% to AED 1.9 billion helped by higher income and strong recoveries 24#25ESG Developments Emirates NBD#26Emirates NBD, the Principal Banking Partner at COP28 Delivering ESG Solutions for a greener future EUROMONEY AWARDS FOR EXCELLENCE 2023. Recognised as Best Bank for ESG in the UAE at the Euromoney Excellence Awards 2023 +Q COP28 UAE Principal Banking Partner Emirates NBD's COP 28 program Carbon Trading introduced CO2 Supporting clients access sustainable finance as Emirates NBD becomes 1st UAE ♫ bank to offer carbon emission offsetting solution to customers Published Sustainable Sustainable Finance Framework allowing green and sustainability-linked bond issuance Net-Zero Goals commitment by signing UAE Climate-Responsible Companies Pledge Expanding ESG awareness ☐ Strong Ø B Strong regional Green Bond origination credentials, helping C raise US$ 11 billion through Green Bond issues in 2023 5% Scope 2 reduction in emissions from 2022-23 84% reduction in paper usage from 2020-22 Committed to supporting gender equality by signing UAE Gender Balance Pledge 18% Female Leadership in 2023, up from 15% in 2022 Leading on disclosures and transparency Sharing ESG best practice and developing partnerships Expanding sustainable finance product suite P 00 Emirates NBD issued US$ 750 million green-bond, the largest ever from a regional bank ESG-Linked Supply Chain Finance Program pioneered in partnership with Emirates Global Aluminium Deniz Ventures makes Innovation Fund investment in Green FinTech start-up Erguvan 26#27Examples of ENBD's Existing Eligible Green and Social Loans Solar Park Construction Large concentrated solar park in UAE Circular manufacturing unit Circular manufacturing unit which uses 100% waste paper/cardboard as raw material to produce packaging cartons & related products Green hydrogen plant Taxi fleet in Dubai Large green hydrogen plant Financing of zero-emission vehicle taxi fleet in Dubai * In line with UAE's social welfare programme classifies citizens / families as low-income when total household income is less than AED 25,000 per month 66389 اشون SOBHA Agricultural water treatment plant Large agricultural waste water plant in Egypt Green and Social housing Financing of Green commercial and residential real estate as well as Social housing for low-income individuals 27#28Emirates NBD Sustainability Strategy Emirates NBD commits to both regional and international sustainability development goals which enhances the overall agenda for sustainable business strategy and management approach. Sustainability Approach ▪ Emirates NBD's sustainability strategy takes direction from the United Nations SDGs, the UAE's Vision 2030, and the United Nations Environmental Programme Dubai Declaration for Sustainable Finance ■ We began formally reporting on our ESG efforts in 2016 with the publication of our first Sustainability Report. ▪ Emirates NBD is committed to UAE's Net Zero 2050 target. Sustainable Finance & Responsible Banking ▪ Emirates NBD exposure to 'hard to abate' sectors remains very minimal. Emirates NBD Loan Book Sovereign 25% * Personal Real Estate Services Others 25% 11% 11% 28% Sustainability Governance Group Executive Committee [Group Head of ESG member] Board of Directors Board Nomination and Risk Committee – ESG ESG integration across Emirates NBD CIB Risk Strategy ▪ Emirates NBD also caters to the local customer base by offering Sharia'h compliant financing solutions. ▪ We have committed to playing an important role in growing the Micro, Small and Medium Enterprises (MSME) economy in the UAE. RBWM Compliance Corporate Affairs GM&T Legal Internal Audit Emirates NBD is a regional leader in arranging ESG issuances across conventional and Sukuk format. Subsidiaries Finance Human Resources 28 *Gross Loan by sector - FY2022 annual report#29Environmental, Social, and Governance Commitment ESG is embedded into the culture, operations and strategy of Emirates NBD. Our ESG commitment are integrated to all our business divisions and across all our subsidiaries, with qualitative and qualitative targets as highlighted below. Environmental Commitment to reduce carbon emissions Scope 12 emissions by 30% by 2030 and reduce of water consumption by 5% per staff member. • Scope 2 emissions fell by 12.6% in 2022 compared to 2020 while the Group's total emissions remained relatively unchanged. "Go Paperless programme" launched in 2020. The paper use reduced from 15,737 KG in 2020 to 2,617 KG in 2022. . Social Emirates NBD's strategy aligns with the UN SDGs through initiatives such as developing the SME ecosystem and economic output in the UAE. • Dedicated Diversity and Inclusion department in place since 2021. • 41% female in our employee base. Commitment to have 25% women in senior leadership (WIL) roles by 2027. National Leadership Program launched in 2014 to develop future Emirati leaders. . . Governance Strategic ESG matters are the responsibility of the Emirates NBD Board of Directors and the Board Nomination. • The Board of Directors monitors how evolving global standards are selected and incorporated into the ESG framework. • The Group is in the process of instituting a governance framework that ensures open and transparent communication within the organization concerning matters that pose potential environmental and social risks. As part of UAE's national path to climate neutrality by 2050, Emirates NBD Group is among the 15 signatories of UAE pledge to implement carbon emission reduction goals. 29#30ESG 2022 Highlights 1st female director elected to the Board in 2022. Committed to 25% women in senior management by 2027. Fully operational Smart Green parking Building. Transitioning towards electric and hybrid fleet vehicles. 75% increase in Bio- Card issuance in 2022. 85 nationalities make up diverse workforce of FTE's. 41% of our employees are women. 24.5% reduction in electricity consumption intensity compared to 2020. 13.5% reduction in GHG Intensity compared to 2020. 00 DenizBank HO is the first project in Europe certified at LEED v4 Gold level. 4 LEED Gold certified branches in UAE. 0 00 Green auto loans doubled in 2022. Emcap raised sustainable capital from 20 syndicated loan and debt capital market transactions in 2022. All new branches designed to include all Disability Friendly facilities. AED 123m contribution to local community in 2022. 98% of transactions on digital only channels 95% Digital users on mobile 30#31ESG Journey Emirates NBD's ESG commitment over the years have enhanced, covering larger and wider aspects of ESG principles. Our journey has been fruitful, and we expect further development in the upcoming years given the plan to standardize the ESG practices and contributions. As part of accelerating our ESG development, Emirates NBD appointed HSBC and ING to assist in developing an ESG sustainability framework ☐ Green Auto Loans Digital Banking: AED 1 Billion Digitisation Programme transformation Instant Account Opening on Mobile E-Savings Account The Scholar Plus Loan LetsLink Women's Club ◉ Emirates NBD Capital issued 24 ESG bond including: First ever USD corporate green Sukuk First-ever COVID-19 Sustainability Sukuk $1.75 billion ESG-linked syndicated loan Introduced Bio Cards Masdar Green REIT - investing in sustainable real estate assets Structuring & Managing the first sustainable REIT Amounting to AED 949 million 'See Her Empowered' (SHE) programme ■ ◉ ■ Published Sustainable Finance Framework Named the Principal Banking Partner at COP 28 Recognised as Best Bank for ESG in the UAE at the Euromoney Excellence Awards 2023 Raising US$ 3.5 billion through 15 Green Bond issues Last 3 years 88.1 Mn Pre 2019 2019 2020 2021 2022 2023 MA 89 Mn 90.5 Mn 64.6 Mn 123.1 Mn Liv. Digital banking launched in 2017 E-Cheque: mobile cheque deposit in 2015 Exchanger Programme Est. 2015 ■ First sustainability sukuk: issued by EmCap with Islamic Development Bank Launch of the E20. Launch of BusinessONLINE Electing first female director Appointing Group Head of ESG Female workforce grown by 28% in middle management rules Paper savings of roughly 3.3 million DenizBank ranked highest market share 38% in agricultural lending DenizBank has provided a project financing support of USD 1.1 billion for renewable energy projects and sustainability to date 31#32Sustainable Finance Framework Bringing a diverse and robust ESG financing Framework to the market The Framework allows Emirates NBD to issue Green, Social and/or Sustainability debt instruments including Sharia'h compliant financing or investments. Debt instruments issued under the Framework are fully aligned with the four key pillars of the ICMA Green Bond Principles 2021 ("GBP 2021"), Social Bond Principles 2023 ("SBP 2023") & Sustainability Bond Guidelines 2021 ("SBG 2021") as well as the LMA Green & Social Loan Principles ("GLP 2023" & SLP 2023"). ICMA Pillars Description Emirates NBD's Sustainable Finance Framework has the following eligible project categories: Use of Proceeds Green Buildings Energy Efficiency Environmental ◉ Renewable Energy ☐ Clean Transportation ■ Pollution Prevention and Control ◉ Sustainable Water and Wastewater Management Social ◉ Access to Essential Services Affordable Housing ◉ Employment Generation (SME financing) Process for Project Evaluation and Selection Management of Proceeds ■ Emirates NBD's Sustainable Finance Committee will be responsible for governing and implementing the initiatives set out in the Framework The Sustainable Finance Committee is composed of representatives from Group Treasury, Group Sustainability, Risk, Legal, as well as subject matter experts from relevant business units such as Lending The Sustainable Finance Committees is responsible of the allocation of proceeds and the selection and evaluation in accordance with the Sustainable Finance eligibility criteria The Sustainable Finance Instruments proceeds will be managed by Emirates NBD in a portfolio approach Full allocation within 24 months from the time of issuance of each instrument Any proceeds temporarily unallocated will be invested according to the Bank's standard liquidity policy into cash or cash equivalents Reporting ■ Allocation report and an impact report will be published on an annual basis, until full allocation Limited assurance report on the allocation report provided by external auditor or other qualified party, annually until full allocation 32#33Strong Second Party Opinion Provided by ISS ESG The Framework is aligned to ICMA principles and in line with best market practices Emirates NBD demonstrates its contribution to sustainability and to the UAE's government's sustainable strategies. ICMA Pillars Use of Proceeds Evaluation and Selection Management of Proceeds Reporting Aligned ✓ ■ ■ ■ ■ ☐ ISS CORPORATE Powered by SOLUTIONS ISS ESG SECOND PARTY OPINION (SPO) Sustainability Quality of the Issuer and Sustainable Finance Framework Emirates NBD Bank (P.J.S.C.) 28 August 2023 Emirates NBD's green/social categories align with the project categories as proposed by the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, Green Loan Principles and Social Loan Principles. Eligibility Criteria are defined in a clear and transparent manner. Description of estimated proceeds allocation per project category will be provided with the annual reporting following issuance. Environmental/social benefits are described. Emirates NBD defines sector and project exclusion criteria. The Issuer has defined an expected allocation period of 24 months, in line with best market practice. Emirates NBD has defined target population for each social project categories, and defined the impact reporting indicators it will report on to track the progress of the projects. The project selection process is defined and structured in a congruous manner. ESG risks associated with the project categories are identified and managed through an appropriate process. The Issuer clearly defines responsibilities in the process for project evaluation and selection and is transparent about it, which is in line with best market practice. The net proceeds collected will be equal to the amount allocated to eligible projects, with no exceptions. The net proceeds are moved to a sub-portfolio and attested in a formal internal process. The net proceeds are managed on an aggregated basis (portfolio approach). Moreover, Emirates NBD discloses the temporary investment instruments for unallocated proceeds and the expected allocation period is defined in line with best market practice. Emirates NBD commits to disclose the allocation of proceeds transparently and to report in an appropriate frequency. Emirates NBD commits to report annually, until the Sustainable Finance Instruments mature. Emirates NBD provides a list of potential output and impact indicators at category level in line with market practice. 33#34Indicative Eligible Asset Portfolio Eligible Green Assets Portfolio* 0 Green Buildings 82% Renewable Energy 10% Clean Transportation 3% Pollution Prevention 3% Energy Efficiency 2% Wastewater Management 0.1% Green Buildings Renewable Energy Clean Transportation Pollution Prevention Energy Efficiency Wastewater Management *As of June 30th 2023 Eligible Social Assets Portfolio* Access to Essential Services Access to Essential Services 87% Affordable Housing 11% Employment Generation & Unemployment Action Plans 2% $429mn Affordable Housing Employment Generation & Unemployment Action $55mn $9mn $4,228mn $506mn $178mn Plans $127mn $117mn $4mn 34#35Use of Proceeds GBP Category Green Buildings UNSDG Alignment 11 SUSTAINABLE CITIES AND COMMUNITIES 13 CLIMATE ACTION Green Project Categories Eligibility Criteria • New and existing residential, commercial or mixed use buildings that meet the minimum external green building certification level including (but not limited to): 9 NOSTRE INNOVATION ANDINFRASTRUCTURE AFFORDABLE AND CLEAN ENERGY · LEED, Leadership in Energy and Environment Design 'Silver' • • • Mostadam - Silver Estidama, Pearl Building Rating System in the Emirate of Abu Dhabi '2 Pearl Rating' WELL - Certified • New and existing residential buildings that are within the top 15% most energy efficient buildings in their respective region, as determined through, for instance, a specialist green building consultant study • Refurbished buildings that achieve a minimum 30% improvement in energy use or carbon emissions Renewable energy generation sources: Solar: Photovoltaic solar power (PV), concentrated solar power (CSP) and solar thermal 7 AFFORDABLE AND 13 CLIMATE • Wind: Onshore and offshore CLEAN ENERGY ACTION Renewable Energy . • Green hydrogen: Storage and refuelling infrastructure and fuel production by electrolysis that is 100% Bioenergy & Biothermal . 7 AFFORDABLE AND 13 CLIMATE CLEAN ENERGY ACTION Energy Efficiency 11 SUSTAINABLE CITIES 13 CLIMATE AND COMMUNITIES ACTION Clean Transportation Pollution Prevention and Control 11 SUSTAINABLE CITIES AND COMMUNITIES 12 RESPONSIBLE CONSUMPTION AND PRODUCTION QO Sustainable Water and CLEAN WATER AND SANITATION Waste Water Management Hydroelectric Infrastructure to support renewable energy • Smart energy grids, energy meters, management systems that promote energy efficiency by carrying information to users for remotely acting on consumption, as well as energy efficiency promotion through battery storage facilities that are connected to renewable energy sources District cooling systems: Energy efficient air-conditioning systems powered by at least 50% renewable energy or 50% waste heat or 75% cogenerated heat or 50% of a combination of such energy and heat • Zero tailpipe emission vehicles (including hydrogen, fuel cell and electric) • Infrastructure to support electric vehicles including electrified railways and charging stations for electric vehicles • Collection, transport and transfer of non-hazardous waste Development, construction, installation and/or maintenance of waste sorting and processing (and related infrastructure) linked to recycling projects Waste prevention, waste reduction and waste recycling Waste to energy Waste water treatment (including agricultural waste water treatment plants) and water recycling facilities Improvements to water infrastructure that increase water use efficiency through replacements and upgrading of inefficient systems Water desalination projects running on reverse osmosis technology with a carbon intensity of less than 100gCO2e/kWh over the residual asset life 35#36Use of Proceeds SBP Category Access to Essential Services Affordable Housing UNSDG Alignment 3 GOOD HEALTH QUALITY AND WELL-BEING Social Project Categories Eligibility Criteria EDUCATION Financing dedicated to healthcare facilities: • Construction and/or operation of healthcare facilities such as hospitals and primary care facilities, affiliated to the relevant national healthcare system Target population: General population (UAE), due to these facilities being accessible by general population irrespective of income 11 SUSTAINABLE CITIES AND COMMUNITIES Employment Generation, and Programs designed to prevent and/or alleviate unemployment stemming from socioeconomic crises, including through the potential effect of SME financing DECENT WORK AND ECONOMIC GROWTH REDUCED 10 INEQUALITIES • Financing dedicated to government schemes for affordable housing and construction of homes for low income individuals Target population: • Populations meeting the criteria for government-supported affordable housing mortgage financing scheme and with a maximum individual income of AED 25,000 . Financing dedicated to MSMEs with an emphasis on employment generation or retention · Financing dedicated to emergency response to a crisis (health crisis, natural disasters and emergency situations) to alleviate unemployment and/or provide financial support for MSMEs Target population: • MSMES 36#37Appendix SIMRANFIRAY KAM Emirates NBD 60 years together 1601 PERE#38Sep-20 477 Dec-20 505 524 Hyperinflation Türkiye Consumer Price Index 547 571 687 254% 119% 844 Jun-22 846 Sep-22 1,047 Dec-22 1,128 Mar-23 1,270 62% Jun-23 1,352 Sep-23 1,691 Turkish CPI grew by 254% over preceding three-years and by 62% in the preceding 12 months DenizBank's results and financial position included within ENBD's consolidated Financial Statements are adjusted for hyperinflation with effect from 1-Jan-22 Monetary Assets Non-monetary Assets · Monetary Liabilities Net Monetary 1 Equity Position Non-monetary Liabilities • Key Highlights 1.6 1.1 (1.0) 1.5 3.3 (0.8) 1.9 (0.6) Net profit 9M'22 Income Expenses Provisions Profit before Hyperinflation Tax tax & others Adjustment Profit 9M'23 28 bps positive impact on capital from hyperinflation adjustment is excluded from capital adequacy computations Group EPS for 9M'23, excluding hyperinflation adjustment, is 82% higher at AED 3.21 compared to AED 1.76 for 9M'22 Hyperinflation accounting not mandated by local regulator 38#39Financial Results Highlights 9M'23 Emirates NBD 60 Emirates NBD Excluding DenizBank 160 DenizBank Income Statement 9M'23 9M'22 %A YOY Q3-23 %A QOQ 9M'23 9M'22 ΔΥΟΥ Q3-23 %A QOQ 9M'23 9M'22 %A YOY Q3-23 %A QOQ (All figures are in AED bn) Net interest income 22.3 15.5 43% 7.8 8% 18.0 10.6 69% 6.0 (3)% 4.3 4.9 (13)% 1.9 73% Non-funded income 10.5 7.2 46% 3.6 0% 5.7 4.7 23% 1.8 1% 4.7 2.5 89% 1.7 (1)% Total income 32.7 22.7 44% 11.4 6% 23.7 15.3 55% 7.8 (2)% 9.0 7.4 22% 3.6 27% Operating expenses (8.4) (6.4) 31% (2.9) 3% (5.7) (4.7) 21% (1.9) (8)% (2.7) (1.7) 56% (1.0) 32% Operating profit 24.4 16.3 50% 8.5 7% 18.0 10.6 70% 5.9 0% 6.4 5.7 11% 2.6 25% before impairment Impairment allowances (1.5) (3.3) (54)% (0.6) 16% (2.1) (2.4) (12)% (0.6) (10)% 0.6 (0.8) (176)% 0.0 (81)% Profit before tax & others 22.9 13.0 75% 8.0 6% 15.9 8.2 94% 5.3 1% 7.0 4.9 43% 2.6 17% Hyperinflation adjustment (3.2) (2.4) 31% (1.8) 248% (3.2) (2.4) 31% (1.8) 248% Tax (2.2) (1.5) 44% (0.9) 22% (0.2) (0.2) 16% (0.1) (5)% (2.0) (1.3) 48% (0.9) 24% Profit 17.5 9.1 92% 5.2 (16)% 15.6 8.0 96% 5.3 1% 1.9 1.1 63% 0.0 (104)% Cost: income ratio 25.5% 28.2% (2.7)% 25.3% (0.7)% NIM 4.00% 3.10% 90 bps 4.08% 21 bps 24.0% 30.8% 3.85% 2.53% (6.8)% 24.1% 132 bps 3.69% (1.9)% (24) bps 29.4% 22.8% 4.75% 6.04% (129) bps 6.6% 28.1% 1.8% 6.16% 262 bps Balance Sheet 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ Total Assets 836 742 13% 811 3% 700 618 13% 686 2% 136 124 9% 125 8% Total Gross Loans 494 456 8% 479 3% 427 387 10% 412 4% 67 69 (3)% 67 1% Deposits 570 503 13% 556 3% 484 421 15% 476 2% 86 82 5% 80 8% 39#40US$ convenience translation Emirates NBD 60 Emirates NBD 601 Excluding DenizBank DenizBank Income Statement 9M'23 9M'22 %A YOY Q3-23 %A QOQ 9M'23 9M'22 ΔΥΟΥ Q3-23 %A QOQ 9M'23 9M'22 %A YOY Q3-23 %A QOQ (All figures are in USD bn) Net interest income 6.1 4.2 43% 2.1 8% 4.9 2.9 69% 1.6 (3)% 1.2 1.3 (13)% 0.5 73% Non-funded income 2.8 2.0 46% 1.0 0% 1.6 1.3 23% 0.5 1% 1.3 0.7 89% 0.5 (1)% Total income 8.9 6.2 44% 3.1 6% 6.5 4.2 55% 2.1 (2)% 2.5 2.0 22% 1.0 27% Operating expenses (2.3) (1.7) 31% (0.8) 3% (1.6) (1.3) 21% (0.5) (8)% (0.7) (0.5) 56% (0.3) 32% Operating profit 6.6 4.4 50% 2.3 7% 4.9 2.9 70% 1.6 0% 1.7 1.6 11% 0.7 25% before impairment Impairment allowances (0.4) (0.9) (54)% (0.2) 16% (0.6) (0.7) (12)% (0.2) (10)% 0.2 (0.2) (176)% 0.0 (81)% Profit before tax & others 6.2 3.6 75% 2.2 6% 4.3 2.2 94% 1.5 1% 1.9 1.3 43% 0.7 17% Hyperinflation adjustment (0.9) (0.7) 31% (0.5) 248% (0.9) (0.7) 31% (0.5) 248% Tax (0.6) (0.4) 44% (0.3) 22% (0.1) (0.1) 16% (0.0) (5)% (0.5) (0.4) 48% (0.2) 24% Profit 4.8 2.5 92% 1.4 (16)% 4.3 2.2 96% 1.4 1% 0.5 0.3 63% 0.0 (104)% Cost: income ratio 25.5% 28.2% (2.7)% NIM 4.00% 3.10% 90 bps 25.3% 4.08% (0.7)% 21 bps 24.0% 30.8% 3.85% 2.53% (6.8)% 24.1% 132 bps 3.69% (1.9)% (24) bps 29.4% 22.8% 6.6% 28.1% 1.8% 4.75% 6.04% (129) Bps 6.16% 262 bps Balance Sheet 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ 30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ Total Assets 228 202 13% 221 3% 191 168 13% 187 2% 37 34 9% 34 8% Total Gross Loans 135 124 8% 131 3% 116 105 10% 112 4% 18 19 (3)% 18 1% Deposits 155 137 13% 151 3% 132 115 15% 130 2% 23 22 5% 22 8% 40#41Emirates NBD 60 years together 160