UAE Economic and FY 2012 Financial Results Update
UAE Banking Market Update
Highlights
•
.
UAE Banking sector is the largest by assets in the GCC;
sector is dominated by 23 local banks which account for more
than 75% of banking assets; 28 foreign banks account for the
remainder
In the past couple of years the Central Bank of the UAE has
sought to play a stronger role in the oversight and governance
of the Banking Sector in the UAE
This has resulted in a new regulatory regime with various
regulations being introduced; for eg. the liquidity risk regulation,
the large exposure limits regulation, the mortgage cap
regulation amongst others.
AED Billion
Emirates NBD
UAE Banking Sector Growth (AED billion)
Banking Assets
Nominal GDP
2,000
Loans & Advances
Deposits
45%
40%
1,500
35%
30%
25%
1,000
500
0
33
2002
273
367
2003
321
448
2004
387
639
2005
506
859
2006
643
1,223
2007
758
|1,480
2008
,562
2009
993
1.662
2010
1,093
1,734
2011
1,264
1,796
2012
1,311
20%
15%
TT
10%
5%
0%
Composition of UAE Banking Market (AED
billion)
Loans
235
956
1,191
GCC Banking Market
UAE(1)
KSA
Banking Assets
USD billion
Deposits 214
969
1,183
Assets
325
1,555
Qatar
Kuwait
171
1,880
Bahrain (2)
48
Oman
53
222
Assets
% GDP(3)
489
133%
462
70%
113%
98%
174%
66%
Emirates NBD
■Other Banks
Source: UAE Central Bank Statistics as at Nov 2012, ENBD data as of Q4 2012.
Loans and Assets presented gross of impairment allowances
1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2012 forecasted.
UAE, Qatar, Bahrain as at Nov 2012, Kuwait, KSA as at Dec 2012 and Oman as at Sep 2012.
Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts
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y-o-y Growth %View entire presentation