Dubai Economic Update

Non Interest Income Highlights Composition of Non Interest Income (AED million) 2011 Non interest income decreased by 9% from 2010 due to AED million 2011 2010 Change (%) - AED 250 million loss on investment properties in 2011 vs. AED 195 million loss in 2010 Core gross fee income 2,563 2,365 +8% lower investment securities income in 2011, down 61% or AED 327 million AED 363 million contribution from Network International in 2010 Fees & commission expense (164) (138) +19% Core fee income 2,399 2,227 +8% - Offset by AED 318 million other one-off income - pickup in core banking fee income (+17%) 2011 Core fee income improved by 8% from 2010 due to improvement in trade finance income (+9%) Investment properties (250) (195) +28% Investment securities 205 532 -61% Network International 363 -100% Other One-Off Income* 318 n/a Total Non Interest Income 2,672 2,927 -9% Core Gross Fee Income Trends in 2011 (AED million) 161 (7) (6) 2,563 50 2,365 *Comprises of AED 160 million earned in Q2 11 from Gain on Debt Exchange and AED 158 million earned in Q4 11 due to non-recurring gain on a treasury position Core Gross Fee Income Components (AED million) +8% 2,563 2,365 726 149 961 529 720 142 1,121 579 2010 2011 2010 Trade finance Fee Income Brokerage & AM fees Forex, Rates 2011 ■Trade finance Fee Income ■Brokerage & AM fees ■Forex, Rates & Other & Other Emirates NBD 17

View entire presentation