Investor Presentaiton
Operating Environment
Operating Costs and Efficiency
Emirates NBD
Highlights
Costs decreased by 8% q-o-q in
Q1-15 and increased by 3% y-o-y
• Cost to Income Ratio improved by 5%
q-o-q to 28.1% due to growth in
non-interest income and a control on
costs. Adjusted for one-offs, Cost to
Income Ratio would be 30.2% for
Q1-15
The longer term management target
for cost to income ratio is 33% which
headroom for future
provides
investment
Cost to Income Ratio (%)
33.1
31.5
30.4
30.3
29.3
29.5
27.9.
28.1
Q1 14
Q2 14
CI Ratio (YTD)
Q3 14
Q4 14
Q1 15
CI Ratio
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Cost Composition (AED Mn)
+3%
1,177
-8%
1,050
1,087
1,075
83:
79
78-
86
1,079
=83
677
620
664
656
670
81
-81
75
94
94
-78
94
97
86
86
176
167
172
229
163
Q1 14
Q2 14
Q3 14
Q4 14
Q1 15
Egypt
Staff Cost
Occupancy cost
Depr & Amort
Other Cost
16View entire presentation