Investor Presentaiton
Net Interest Income
Emirates NBD
Highlights
NIM improved by 35bps to 2.83% in Q3 2013 from 2.48% in
Q2 2013 due to a 17bps increase in loan spreads and an
18bps increase in Treasury spreads
Loan spreads improved as retail volumes increased for this
higher yielding business, coupled with increased margins
from the Egyptian business and a positive impact from the
drop in EIBOR rates
Treasury spreads improved due to cheaper bank borrowings
and from increased hedging income as the Bank took
advantage of the recent rise in swap rates to hedge some
positions
Net Interest Margin (%)
2.96
2.85
2.69
2.63
2.63
2.28
Qtrly NIM
YTD NIM
2.83
2.56
2.47
2.48
2.45
2.42
2.39
2.43
2.42
2.39
2.35
Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13
Net Interest Margin Drivers (%)
Q1 2013 to Q3 2013
2.83
0.00
0.18
0.01
0.02
0.00
2.48
0.17
2.39
0.13
0.03"
Q1 2013
Loan Deposit Treasury
Spreads Spreads Spreads
Other
Q2 2013 Loan Deposit Treasury Other
Spreads Spreads Spreads
Q3 2013
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