Emirates NBD Financial Performance Q1 2020
DenizBank Business Overview
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Business Overview
DenizBank contributed total income of USD 614 million and net profit of
USD 137 million to the Bank for the first three months in 2020
Operating expenses and impairment allowances amounted to USD 171
million and USD 267 million respectively for the same period
Total assets of USD 34.8 billion, net loans of USD 22.9 billion and
deposits of USD 25.3 billion at the end of Q1-20
DenizBank is the fifth largest private bank in Turkey with wide presence
through a network of 752 branches and 3,000+ ATMs
Operates with 708 branches in Turkey and 44 in other territories
(Austria, Germany, Bahrain)
Full service commercial banking platform of Corporate banking, Retail
banking and Treasury
Financial Highlights
USD Mn**
Net interest income
Non-interest income
Taxation charge
Net profit
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Servicing around 14 million customers, through 14,000+ employees
Segment breakdown
Net Loans as at 31-Mar-20
Corporate Banking
Consumer Banking
59%
41%
All financial numbers post acquisition (1-Aug-19) include the fair value adjustments, unless otherwise stated.
**Metrics converted to USD using spot / average exchange rate for balance sheet / income statement
DenizBank
Better/
Q1-20
Q4-19
(Worse)
428
454
(6)%
186
197
(5)%
Total income
614
650
(6)%
Operating expenses
(171)
(227)
25%
Pre-impairment operating profit
444
423
5%
Impairment allowances
(267)
(252)
(6)%
Operating profit
176
172
3%
(39)
(60)
35%
137
112
23%
Cost: income ratio
Net interest margin
27.8%
34.9%
7.1%
4.92%
5.06% (0.14)%
Financial Highlights (USD Bn**)
7.5
92.7
7.5
96.4
36.5
34.8
26.8
23.3
22.9
25.3
Q4-19
Q1-20
Assets
Net Loans
Deposits
AD Ratio
(Unadjusted)
NPL Ratio
(Unadjusted)
Financial & Operating Performance
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