Q2-18 Financial Results Highlights

Appendix Strategy Financial & Operating Performance | Emirates NBD Profile Operating Environment UAE Banking Market Update Highlights Bank loans increased by AED 28.3 bn and 1.8% y-o-y to AED 1622.90 bn in July Bank deposits increased by AED 102.7 billion and 6.5% y-o-y to AED 1694.90 bn in July Although the 3m EIBOR rate has increased in recent months, this has been mostly due to higher USD rates, with the spread over 3m LIBOR narrowing Bank deposit and loan growth AD ratio (RHS) 20% 15% 10% 5% 0% -5% Bank deposits (% y/y) Bank Loans (% y/y) 110% 105% 100% 95% 90% 85% 80% UAE banking market (AED Bn) Gross Loans 316 1306 Deposits 335 1349 1684 Assets 478 2271 Emirates NBD Other Banks Total 1622 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Source: UAE Central Bank; loan growth gross of provisions GCC banking market UAE(1) Banking Assets USD Bn KSA Qatar Kuwait 2749 Bahrain (2) 60 Oman 85 233 382 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Assets % GDP(3) 749 178 616 80 204 170 1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2018 forecasted. UAE, KSA, Qatar, Kuwait Bahrain and Oman as at June 2018. Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts. 100 159 Emirates NBD 7

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