Investor Presentaiton
Divisional Performance (cont'd)
Global Markets &
Treasury
■ Revenues in Q3 2010 YTD were USD 133m compared with
USD 178m in Q3 2009 YTD, the decline being primarily due to
contraction in the spreads generated from interbank funding and
the mix impact of increased net liquid assets
■ The Trading business had an excellent first half of
2010, capitalising on favourable opportunities in the Middle East
equity and credit markets, but Q3 2010 income was impacted by
increased volatility in global markets and reduced risk appetite of
foreign investors for Dubai and the MENA region
USD million
-25%
178
133
Q3 2009 YTD
Q3 2010 YTD
■Revenue
USD million
+3%
75
77
Q3 2009 YTD
Q3 2010 YTD
■Revenue
USD billion
USD million
6.7
+18%
5.6
44
4.9
4.6
Emirates Islamic Bank
Network International
■ 3% increase in Q3 2010 YTD revenue vs. Q3 2009 YTD
Processing income grew 9% while acquiring revenues were
broadly flat as reduced margins have offset a 13% growth in
acquiring volumes
■ Serves over 10,000 merchants and 49 banks and financial
institutions in the region
EIB revenue declined 7% year-on-year to USD 160m in Q3 2010
YTD (net of customers' share of profit)
Income includes USD 44m write-down on investment properties;
underlying income growth of 18%
Financing receivables declined 7% to USD 4.6b from end-2009
■ Customer accounts grew by 21% to USD 6.7b from end-2009
■ Total number of EIB branches at Q3 2010 totaled 30 with an
ATM & SDM network of 75 and 28 respectively
Note: Stand-alone Financial Statements for Network International and Emirates Islamic Bank may differ from the above due to consolidation adjustments
Emirates NBD
173
160
Q4 2009
Q3 2010
■Financing receivables
■Customer accounts
Q3 2009 YTD
Q3 2010 YTD
■Revenue Inv Prop Write-down
23
23View entire presentation