Emirates NBD 2014 Achievements and Strategic Update
Divisional Performance (cont'd)
Emirates NBD
Wholesale Banking revenues grew 8% y-o-y
• Loans were stable from end 2013 as normal
loan repayments offset new underwriting
Deposits grew by 11% from end 2013 driven
by CASA growth
• Focus during 2014 was on enhancing
customer service quality in key sectors,
share of wallet, increased cross-sell of
Treasury and Investment Banking products
and larger Cash Management and Trade
Finance penetration
Balance Sheet Trends
AED Bn +11%
0%
187.6
187.0
Revenue Trends
AED Mn
+8%
4,816
4,447
1,306
1,249
91.8
82.6
3,198
3,510
2013
2014
2013
2014
Loans
Deposits
NFI
NII
Global Markets & Treasury
Wholesale Banking
Revenue at AED 835 Mn in 2014 improved
81% y-o-y
Y-o-y growth due to robust increase in sales
revenue and strong performance by Credit
Trading desk.
Successful balance sheet hedging has
resulted in improved Net Interest Income
Revenue Trends
AED Mn
+81%
835
462
691
622
144
-161
2013
2014
NFI
NII
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