Investor Presentation August/September 2009
Divisional Performance (cont'd)
Emirates Islamic Bank
Network International
Global Markets &
Treasury
Improved market conditions worldwide, specifically a recovery in
equity markets, tightening of credit spreads and volatility of
foreign exchange markets resulted in stronger client activity.
Revenues for the first half of 2009 were AED 1,251 million
compared with AED 34 million in the comparable period in 2008.
AED million
15% increase in revenue versus H1 2008 due to 28% increase in
processing revenues and 8% growth in acquiring revenues
■ Serves over 10,000 merchants and 47 banks and financial
institutions in the region
Key focus during the first half of 2009 was on balance sheet
optimisation and increased caution on new underwriting
■ EIB revenue declined by 23% in H1 2009 (net of depositors'
share of profit) year-on-year
Financing receivables grew by 5% to AED 18.5b from end-2008;
Customer Deposits grew 3% to AED 20.2b from end-2008
■ 4 new branches in H1 2009 taking the total to 30
Emirates NBD
AED billion
22
18
15
H1 08
1,251
34
270
H1 08
H2 08
H1 09
Revenue
AED million
+15%
88
146
169
168
H1 08
Revenue
20
20
FY 08
H2 08
H1 09
One-off investment income
AED million
20
18
-23%
514
395
351
H1 09
H1 08
H2 08
H1 09
Financing receivables
Customer accounts
Revenue (net of depositors' share)
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