Investor Presentaiton
Emirates NBD
7
UAE Banking Market Update
Highlights
Tighter liquidity conditions are evident:
•
M2 growth slowed to 5.5% in December 2015
Bank deposits increased by AED 50.3bn in 2015, compared
with AED 142.4bn rise in 2014. Gross loans increased by AED
107.4bn in 2015, pushing the loan/ deposit ratio to 100.9%.
3m EIBOR rate has continued to tick up since the start of
2015. The spread over 3m LIBOR widened during 2015 but
has narrowed on the back of the Fed rate hike in December.
Bank deposit and loan growth*
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
Dec-09
Mar-10
Jun-10
Bank deposits (% y/y)
ZL-unc
Bank Loans (% y/y)
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
UAE banking market (AED Bn)
Gross Loans 296
1,189
1,486
Deposits 287
1,184
1,472
Assets
407
Source: UAE Central Bank, *loan growth gross of provisions
GCC banking market
Banking Assets
USD Bn
UAE(1)
KSA
Qatar
Kuwait
2,068
2,474
Bahrain(2)
52
Oman
79
211
302
589
674
Assets
% GDP(3)
84
99
Mar-15
Jun-15
Sep-15
Dec-15
142
159
152
■Emirates NBD
Other Banks
Source: UAE Central Bank Statistics, ENBD data as at end Dec 2015
1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2015 forecasted.
UAE, Saudi, Kuwait, Oman as at Dec 2015; Qatar as at Nov 2015; Bahrain as at Jun 2015
Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts
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