Investor Presentation August/September 2009
Asset Quality
Investments & Trading Securities
Highlights
■ Write-downs and impairments reflected a market-wide downturn in
2008
■ Relative stabilisation and improvement of equity and bond markets in
first half 2009 resulted in lower adverse impact due to mark to markets
and impairments on investment securities
☐
Underlying quality of investment portfolio remains good and some
losses on fixed income securities will reverse if held to maturity and no
credit event occurs
■ Portfolio is being monitored and managed closely by senior
management committee to reduce exposure where opportunities arise
or where future distress in anticipated
Equity Market Performance
DFM Index
MSCI UAE Index
MSCI GCC Index
MSCI Far East Index
MSCI World Index
Q408
Source: Bloomberg; Reuters
Emirates NBD
H1 2009 MTM Impact
AED million
Total
Balance
P&L impact
Income Impairm.
Cumulative
changes in FV
Investment Securities
Trading Securities
16,853
(41)
(110)
395
614
142
Subtotal
17,467
101
(110)
395
Investment Securities
in L&R
2,332
(92)
H1 2009
FY 2008
19,799
22,009
101
(202)
395
(793) (1,011)
(1,810)
Bond Market Performance
Abu Dhabi CDS 5yr
-iTraxx Snr Fin Series 9
Q109
Q209
Q408
Q109
Q209
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