Emirates NBD Investor Presentation

NIMs trending towards guidance range on collective impact of rate rises, deposit mix and Turkish regulations Net Interest Margin (%) Quarterly NIM YTD NIM 4.40 4.05 4.05 3.57 3.09 3.43 3.10 2.60 2.89 2.82 2.86 2.65 2.60 2.53 Fed Funds Upper Bound 2.50% 1.75% 0.25% 0.25% 0.50% 1.75% 3.25% 4.50% 5.00% 2018 2019 2020 2021 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Key Highlights Q1-23 NIM up 145 bps y-o-y due to improved loan & deposit mix and higher interest rates Q1-23 NIM down 35 bps q-o-q on DenizBank NIM contraction from regulatory impact partially offset by higher interest rates Guidance maintained at 3.8-4.0% on collective impact of rate rises, deposit mix and Turkish regulations NIM drivers Q1-23 vs Q1-22 (%) 2.60 3.51 (0.92) (0.85) (0.29) 4.05 NIM drivers Q1-23 vs Q4-22 (%) 4.40 1.00 (0.25) (0.28) 4.05 (0.82) Q1-22 Loan Yield Deposit Cost Treasury & Other DenizBank Q1-23 Q4-22 Loan Yield Deposit Cost Treasury & Other DenizBank Q1-23 19

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