Emirates NBD 2014 Achievements and Strategic Update
Capital Adequacy
Highlights
CAR improved by 1.5% and Tier 1 ratio improved by
2.7% in 2014 due to:
Capitalisation
Emirates NBD
19.6
19.2
19.6
20.4
21.1
-
Issuance of
USD 500 Mn Tier 1 notes and
17.2
18.0
15.3
15.0
15.6'
retained earnings
44.7
43.6
44.4
45.7
46.4
Repayment of AED 4.8 Bn of MOF
deposits
Tier 2
9.9
9.4
9.0
7.0
6.7
34.8
34.2
35.4
38.7
39.7
-
Decrease in risk weighted assets
Capital Management exercise
successfully
completed with the entire repayment of crisis era
support
Capital Movements (AED Bn)
Q4 13
Q1 14
Q2 14
Q3 14
Q4 14
T2
T1
T1 %
CAR %
Risk Weighted Assets - Basel II (AED Bn)
FY-13 to FY-14 (AED Bn)
Capital as at 31-Dec-2013
Net profits generated
9.9
Tier 1 Tier 2 Total
34.7
-3%
44.6
5.1
-
5.1
FY 2013 dividend paid
(1.4)
(1.4)
226.9
14.9 2.8
227.6
14.9 2.4
226.5
224.5
-2%
220.2
18.6 2.7
18.6 5.1 21.3
-7.0
Tier 1 Issuance
1.8
1.8
Repayment of Tier 2
(2.9)
(2.9)
209.2
210.2
205.1
200.8
191.9
Amortisation of MOF T2 / sub debt
(0.1)
(0.1)
Interest on T1 securities
(0.5)
(0.5)
Tier 2 Issuance
0.1
0.1
Repayment of subordinated debt
Q4 13
Q1 14
Q2 14
Q3 14
Q4 14
Goodwill
0.1
0.1
Other
(0.1) (0.4)
(0.4)
Operational Risk
Market Risk
Credit Risk
Capital as at 31-Dec-2014
39.7 6.7
46.4
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