Emirates NBD Financial Performance and Market Update
UAE Banking Market Update
Highlights
Money supply (M2) slowed to 6.1% y/y in July compared with
7.3% y/y in June 2017
Bank deposits increased by AED 3.1bn and 7.15% y/y to AED
1592.2bn 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
Appendix
Strategy
Financial & Operating Performance |
Emirates NBD Profile
Operating Environment
UAE banking market (AED Bn)
Gross Loans 304 1287
1591
Deposits
320 1269
1589
Assets
456
2198
Emirates NBD
Other Banks
Total
Source: UAE Central Bank Statistics and ENBD as at June 2017
Bank deposit and loan growth
Emirates NBD
7
Bank Loans (% y/y)
-Bank deposits (% y/y)
AD ratio (RHS)
18%
110%
16%
14%
12%
10%
8%
A
105%
100%
95%
6%
4%
90%
2%
0%
85%
-2%
-4%
80%
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
Source: UAE Central Bank; loan growth gross of provisions
GCC banking market
Banking Assets
USD Bn
UAE(1)
KSA
Qatar
Kuwait
2654
Bahrain(2)
57
Oman
80
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Assets
% GDP(3)
717
165
609
90
90
359
226
168
217
224
1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2017 forecasted.
KSA and UAE as at July 2017; Qatar, Kuwait and Oman as at June 2017; Bahrain as at April 2017.
Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts.
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