Investor Presentaiton
Capital Adequacy
Highlights
CAR and T1 improved by 0.5% and 0.4% q-o-q to 19.0%
and 14.9% respectively resulting from:
-
increase in Tier 1 capital through profit generation
-
Ongoing issuance of Tier 2 private placements
1% reduction in RWAs, primarily market risk
• Tier 1 Capital has now improved by 1.7% y-o-y from 13.2%
to 14.9%.
• To date we have repaid AED 7.8 billion of the AED 12.6
billion Ministry of Finance Tier 2 deposits.
Capital Movements (AED billion)
Capitalisation
Emirates NBD
44.5
19.9
20.6
19.7
18.5
19.0
13.8
13.5'
14.5
14.9
13.2
45.0
43.2
42.8
43.6
14.9
14.9
13.8
9.2
9.4
29.6
30.1
29.4
33.6
34.2
Q3 12
Q4 12
Q1 13
T2
T1
T1 %
Q2 13
CAR %
Q3 13
Risk Weighted Assets - Basel II (AED billion)
31 Dec 2012 to 30 Sep 2013
Tier 1
Tier 2
Capital as at 31 Dec 2012
30.1
14.9
Total
45.0
+2%
Net profits generated
2.4
2.4
FY 2012 dividend paid
(1.4)
(1.4)
224.2
14.0 2.6
218.1
13.8-2.3
219.7
13.8 3.6
231.1
13.8 3.4 13.8 2.31
229.8
... -1%
Tier 1 issuance
3.7
3.7
Repayment of Tier 2
(6.2)
(6.2)
207.6
202.0
202.3
213.9
213.6
Amortization of MOF T2/
(1.1)
(1.1)
subordinated debt
Interest on T1 securities
(0.1)
(0.1)
Tier 2 issuance
3.1
3.1
Q3 12
Repayment of subordinated debt
(1.3)
(1.3)
Q4 12
Operational Risk
Q1 13
Market Risk
Q2 13
Q3 13
Credit Risk
Other
(0.5)
(0.5)
Capital as at 30 Sep 2013
34.2
9.4
43.6
22
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