Capital Adequacy and Divisional Performance
Divisional Performance (cont'd)
Network International
Global Markets &
Treasury
Revenues in Q1 2010 were USD 75m compared with USD 174m
in Q1 2009, the decline being primarily due to contraction in the
spreads generated from interbank funding in Q1 2010 compared
to Q1 2009
■ The Trading business had an excellent quarter, capitalising on
favourable opportunities in the Middle East equity and credit
markets
■ 7% increase in Q1 2010 revenue vs. Q1 2009
Acquiring revenues grew 14% and processing income grew 9%
■ Serves over 10,000 merchants and 49 banks and financial
institutions in the region
Note: comparative for Q1 2009 for merged portfolio and fees gross-ups included in the Q1 2010 revenues
Emirates Islamic Bank
EIB revenue declined by 16% in Q1 2010 (net of customers'
share of profit) year-on-year
Financing receivables declined by 2% to USD 4.8b from end-
2009
■ Customer accounts declined 1% to USD 5.5b from end-2009
■ Total number of EIB branches at Q1 2010 totaled 30 with an
ATM &SDM network of 74 and 27 respectively
Note: EIB numbers reported above differ from those in the EIB standalone Financial Statements
due to consolidation adjustments
Emirates NBD
USD billion
5.6
4.9
USD million
174
-57%
75
1Q 2009
1Q 2010
■Revenue
USD million
+7%
28
18
1Q 2009
■See Note
1Q 2010
■Revenue
USD million
-16%
52
4.8
5.5
44
4Q 2009
Financing receivables
1Q 2010
1Q 2009
1Q 2010
Customer accounts
■Revenue
23
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