Investor Presentaiton
Net interest income
2.82
2.89
Net Interest Margin (%)
Quarterly NIM
YTD NIM
2.65
2.65
2.59
2.47
2.51
2.46
2.42
2.45
2.53
2.44
2017
2018
2019
2020
Q1 21
Q2 21
Q3 21
Q4 21
NIM Drivers FY-21 vs FY-20 YTD (%)
Highlights
Income
Expenses
Risk
Capital
Liquidity
Macro
Divisional
•
Key Highlights
FY 2021 NIM down 12 bps due to interest rate cuts in 2020
-
Improved funding cost offset by reduced loan yields
• Q4-21 NIM declined 6bps.
-
-
Loan yields lower on competitive term loan pricing
Deposit costs marginally higher on modest increase in short term rates
Higher contribution from Treasury on efficient deployment of liquidity
Lower DenizBank NIMS on higher funding costs
2022 guidance increased to 2.55-2.65%
Balance sheet well positioned to benefit from rate rises.
2.65
2.65
2.56
2.53
(0.02)
(0.03)
0.43
(0.55)
0.49
2.22
NIM Drivers Q4-21 vs Q3-21 (%)
(0.06)
0.03
(0.02)
2.59
(0.01)
FY 20
Loan Yield Deposit
Treasury
ENBD DenizBank FY 21
Q3 21
Cost
& Other Ex-Deniz
Loan Yield Deposit Cost Treasury
& Other
DenizBank
Q4 21
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