Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Q1-15 Financial Results Highlights
Emirates NBD
Highlights
Net profit of AED 1,671 Mn for Q1-15
improved 60% y-o-y and 36% q-o-q
• Net interest income rose 11% y-o-y
mainly due to growth in Retail assets
and a lower cost of funds. NII is flat
q-o-q due to NIMS remaining stable
and marginal asset growth
Non-interest income improved 23%
y-o-y and 26% q-o-q due to increases
in foreign exchange and derivative
income, higher asset management
fees and gains from the sale of
investment property
Costs increased 3% y-o-y but
reduced by 8% q-o-q. Cost trends
comfortably within guidance and
continue to remain well managed
• NPL ratio stable at 7.8%
• Provisions of AED 1,085 Mn further
boosted coverage ratio to 103.9%
• AD ratio of 95.6% within management
range
• NIMS maintained at 2.90% q-o-q
despite a competitive environment
Key Performance Indicators
AED Mn
Q1-15
Q1-14
Better/
|(Worse)
Q4-14
Better /
(Worse)
Net interest income
Non-interest income
2,485
2,232
11%
2,473
0%
1,360
1,102
23%
1,082
26%
Total income
3,845
3,333
15%
3,555
8%
Operating expenses
(1,079)
(1,050) (3%)
(1,177)
8%
Pre-impairment
2,766
2,283
21%
2,378
16%
operating profit
Impairment allowances
(1,085)
(1,267)
14%
(1,163)
7%
Operating profit
1,681
1,016
65%
1,214
38%
Share of profits from
associates
36
61
(41%)
51
(29%)
Taxation charge
(46)
(35)
(31%)
(39)
(16%)
Net profit
1,671
1,042
60%
1,226
36%
Cost: income ratio (%)
28.1%
31.5%
3.4%
33.1%
5.0%
Net interest margin (%)
2.90%
2.75%
0.15%
2.91% (0.01%)
AED Bn
31-Mar-15 31-Mar-14
%
31-Dec-14 %
Total assets
367.5
347.1
6%
363.0
1%
Loans
248.9
239.7
4%
246.0
1%
Deposits
260.4
251.5
4%
258.3
1%
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