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Investor Presentaiton

35 REVIEW OF PERFORMANCE Looking to the Future with Confidence Mohammed Bin Rashid Housing Establishment availing financing from Emirates Islamic. EI undertook various initiatives to increase Emirati participation in critical roles within the organisation, as part of its support to CBUAE's Emiratisation policy. The Bank has one of the highest Emiratisation levels in the UAE banking sector, at 38% of total employees, and at 34% in terms of critical positions held by UAE Nationals. EI maintained its momentum in learning and development initiatives for UAE National talent, namely The National Achievers Strategic Academy, Integrated Learning Journey, Future Proof Banker and Leadership in Action programmes. In 2022, its National Leadership Programme continued to train WELLON BVI HELLOS BAY HELLOW Emirati employees for Executive Committee and Unit Head roles. Fitch Ratings has affirmed EI's Long-Term Issuer Default Rating of 'A+' with a Stable Outlook, Short-Term IDR (ST IDR) of 'F1', with an upgrade of Viability Rating from 'bb-' to 'bb'. DenizBank DenizBank contributed a total income of AED 10.6 billion and a net profit of AED 1.6 billion to Emirates NBD Group in 2022. It posted total assets of AED 124 billion, net loans of AED 66 billion and deposits of AED 82 billion at the end of 2022. Emirates NBD Group and BNY Mellon announce strategic alliance to accelerate growth of UAE capital markets In 2022, while many economies were returning to a 'new normal' and learning to live with the pandemic, global inflation reached a multi-decade high in many countries, driven by pent-up consumer demand, with geopolitical developments exacerbating the rise in food and energy costs. The developed and developing countries took monetary tightening steps within the scope of the fight against inflation. Türkiye, on the other hand, introduced several alternative measures to favour the Turkish Lira to avoid depreciation and supportive monetary policies aimed at encouraging lending at favourable rates to sectors conducive to exports, investment, employment and economic growth and to improve financial stability. The banking sector implemented these measures. When it comes to the outlook for banks, short and long-term liquidity indicators remain favourable, asset quality remains strong and banks maintain their strong capital structures against possible risks. During this period, DenizBank continued to provide secure and uninterrupted services to customers through all its banking channels and be a trusted banking partner to customers, particularly in the Small and Medium Enterprises (SME), agriculture and tourism sectors that play a crucial role in the long-term success and sustainable development of the Turkish economy. In line with its sustainability goals, DenizBank continues to contribute to the economy by promoting responsible investment in the environment, the planet and the future. DenizBank successfully raised international funding through syndicated loan facilities, bilateral loans and other transactions in 2022. In February 2022, DenizBank executed its first Sustainability-Linked Repo transaction, executed with Standard Chartered, targeting the increase in sustainable agricultural lending and in the number of branches and ATMs fit for people of determination as Key Performance Indicators. In June 2022, DenizBank renewed its syndicated loan facility which was named 'Deal of the Year-Europe' by The Banker, as it was the only syndicated loan which includes a Chinese Yuan tranche, with a roll-over ratio of 120%. The USD 453 million syndicated loan facility includes sustainability performance criteria, such as financing its small and medium-scale women-owned enterprises, calculating its carbon footprint (gas emissions of its Head Office building and branches) and providing sustainability trainings to minimum 95% of its employees. DenizBank also obtained the World Bank facility in June through Development Bank of Turkey (TKYB), with an amount of USD 60 million with a tenor of five years and EUR 45 million from Proparco with a tenor of seven years in July. The proceeds will be used to finance the agriculture sector, renewable energy and energy efficiency projects, women SMEs and SMEs affected by COVID-19. DenizBank renewed its ESG-linked syndicated loan facility in November 2022 with a total amount of USD 630 million, resulting in a rollover ratio of 78%. The deal was considered as the most widely participated and largest transaction in the second half of 2022, supported by 36 lenders across 17 countries. With this transaction, the sustainability- linked funding amount secured by the Bank to the economy, under the ownership of Emirates NBD since 2019, has reached USD 1.8 billion. In addition to gaining financial success, DenizBank, broke new ground in technology and innovation through its foray into the Metaverse. Under the umbrella of NEOHUB, the new generation subsidiary of the Bank has collaborated with Atlas Space for the first local Emirates NBD ANNUAL REPORT 20 36
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