Emirates NBD 2014 Achievements and Strategic Update
UAE Banking Market Update
Emirates NBD
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
Bank deposit and loan growth*
18%
Bank deposits (% y/y)
Bank Loans (% y/y)
16%
14%
12%
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
10%
8%
6%
4%
Total (gross) bank loan growth accelerated to 10.2% y/y in Nov.
Deposit growth remains strong at 12% y/y in Nov
مس
2%
0%
-2%
Composition of UAE Banking Market (AED
Bn)
Gross Loans 267
1,131
1,398
Deposits
258
1,168
1,426
Assets
363
1,980
-4%
Aug-09
Nov-09
Feb-10
May-10
Aug-10
Nov-10
Feb-11
May-11
Aug-11
Nov-11
Feb-12
May-12
Aug-12
Nov-12
Feb-13
May-13
Aug-13
Nov-13
Source: UAE Central Bank, *loan growth gross of provisions
GCC Banking Market
Banking Assets
USD Bn
Assets
% GDP(3)
638
UAE(1)
KSA
Qatar
Kuwait
2,343
Bahrain(2)
49
Oman
64
Emirates NBD
Other Banks
Source: UAE Central Bank Statistics as at Nov 2014, ENBD data as of FY 2014.
271
199
558
73
71
106
125
Feb-14
May-14
140
146
1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2014 forecasted.
Bahrain as at Oct 2014; UAE, KSA, Qatar, Kuwait and Oman as at Nov 2014;
Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts
Aug-14
Nov-14
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