Investor Presentaiton
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OVERVIEW (continued)
Future Developments
In 2017, the CBUAE issued 'Regulations regarding Capital adequacy, supplementing the introduction of these
regulations, in April 2020 and in November 2020, CBUAE issued 'standard regarding capital adequacy'. These
standards support the implementation of the regulations. The CBUAE has also developed 'Guidance regarding
capital adequacy' to assist banks in the application of the regulations.
Based on these standards, revised Pillar 1 capital adequacy standards and revised Pillar 3 disclosures requirements
will be effective from December 2021.
Verification
The Pillar III Disclosures for the year 2020 have been reviewed by the Group's statutory auditors.
Implementation of Basel II guidelines
The Group is compliant with Standardised Approach for Credit, Market and Operational Risk (Pillar I) with effect
from 31 October 2007.
The Group also assigns capital on other than Pillar I risk categories, for 'Interest Rate risk on Banking Book' and for
'Business Risk', within the Pillar Il framework.
Group Structure
Emirates NBD Bank PJSC (the "Bank") was incorporated in the United Arab Emirates on 16 July 2007 consequent
to the merger between Emirates Bank International PJSC ("EBI") and National Bank of Dubai PJSC ("NBD"), under
the Commercial Companies Law (Federal Law Number 8 of 1984 as amended) as a Public Joint Stock Company.
The consolidated financial statements for the year ended 31 December 2020 comprise the financial statements
of the Bank and its subsidiaries (together referred to as the "Group") and the Group's interest in associates and
joint ventures.
The Bank is listed on the Dubai Financial Market (TICKER: "EMIRATESNBD"). The Group's principal business
activities are corporate and institutional banking, retail banking, treasury and Islamic banking. The Bank's website is
www.emiratesnbd.com.
EMIRATES NBD BANK PJSC - BASEL II - PILLAR III DISCLOSURES FOR THE YEAR ENDED 31 DECEMBER 2020
4
Group %
Shareholding Nature of Business
Call centre
Buzz Contact Centre Solutions LLC
100
The complete listing of all direct subsidiaries and associate companies of Emirates NBD as of 31 December 2020 is as follows:
Subsidiaries:
Description
of Accounting
Treatment
of Regulatory
Capital Treatment
Description
(Consolidation/ (Consolidation/
Deduction from
capital/neither)
Consolidation
Bank's total
interests
(current book
value) in
insurance entities
(AED 000)
Country of
management services
DenizBank Anonim Sirketi
100
Banking
Incorporation
Dubai, U.A.E.
Turkey
Dubai Bank PJSC
100
Islamic banking
Dubai, U.A.E.
Investment
Consolidation
Consolidation
Consolidation
Accounting)
Consolidation
Consolidation
Emirates Funds LLC
100
Asset management
Dubai, U.A.E.
Consolidation
Consolidation
Emirates Funds Managers (Jersey) Limited
100
Asset management
Jersey
Consolidation
Consolidation
Emirates Islamic Bank PJSC
99.9
Islamic banking
Dubai, U.A.E.
Consolidation
Consolidation
Emirates Money Consumer Finance LLC
100
Emirates NBD Asset Management Limited
100
Consumer finance
Asset management
Dubai, U.A.E.
Consolidation
Consolidation
Dubai, U.A.E.
Consolidation
Consolidation
Emirates NBD Capital (KSA) LLC
100
Investment services
KSA
Consolidation
Consolidation
Emirates NBD Capital PSC
100
Funds management
Dubai, U.A.E.
Consolidation
Consolidation
Emirates NBD Egypt S.A.E
100
Banking
Egypt
Consolidation
Consolidation
Medium term
Emirates NBD Global Funding Limited
100
borrowing and money
Cayman Islands Consolidation
market transactions
Emirates NBD Properties LLC
100
Real estate
Dubai, U.A.E.
Consolidation
Consolidation
Neither Included
in gross credit
exposure as
investment at
carrying value
Emirates NBD Securities LLC
100
Brokerage services
Emirates NBD Trust Company (Jersey)
100
Limited
Trust administration
services
ENBD London Branch Nominee Company
100
Asset management
Dubai, U.A.E.
England
Jersey
Consolidation
Consolidation
Consolidation
Consolidation
Consolidation
Consolidation
Shared services
Tanfeeth LLC
100
Dubai, U.A.E.
Consolidation
Consolidation
organisation
The Emirates National Dubai Real Estate
Company LLC
Nominee company for
100
KSA
Consolidation
Consolidation
mortgage business
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