Investor Presentation
Financial Results Highlights 9M'23
Emirates NBD
60
Emirates NBD
Excluding DenizBank
160
DenizBank
Income Statement
9M'23
9M'22
%A YOY Q3-23
%A QOQ
9M'23
9M'22
ΔΥΟΥ Q3-23
%A QOQ
9M'23
9M'22
%A YOY
Q3-23
%A QOQ
(All figures are in AED bn)
Net interest income
22.3
15.5
43%
7.8
8%
18.0
10.6
69%
6.0
(3)%
4.3
4.9
(13)%
1.9
73%
Non-funded income
10.5
7.2
46%
3.6
0%
5.7
4.7
23%
1.8
1%
4.7
2.5
89%
1.7
(1)%
Total income
32.7
22.7
44%
11.4
6%
23.7
15.3
55%
7.8
(2)%
9.0
7.4
22%
3.6
27%
Operating expenses
(8.4)
(6.4)
31%
(2.9)
3%
(5.7)
(4.7)
21%
(1.9)
(8)%
(2.7)
(1.7)
56%
(1.0)
32%
Operating profit
24.4
16.3
50%
8.5
7%
18.0
10.6
70%
5.9
0%
6.4
5.7
11%
2.6
25%
before impairment
Impairment allowances
(1.5)
(3.3)
(54)%
(0.6)
16%
(2.1)
(2.4)
(12)% (0.6)
(10)%
0.6
(0.8)
(176)%
0.0
(81)%
Profit before tax & others
22.9
13.0
75%
8.0
6%
15.9
8.2
94%
5.3
1%
7.0
4.9
43%
2.6
17%
Hyperinflation adjustment
(3.2)
(2.4)
31%
(1.8)
248%
(3.2)
(2.4)
31%
(1.8)
248%
Tax
(2.2)
(1.5)
44%
(0.9)
22%
(0.2)
(0.2)
16%
(0.1)
(5)%
(2.0)
(1.3)
48%
(0.9)
24%
Profit
17.5
9.1
92%
5.2
(16)%
15.6
8.0
96%
5.3
1%
1.9
1.1
63%
0.0
(104)%
Cost: income ratio
25.5% 28.2%
(2.7)%
25.3%
(0.7)%
NIM
4.00% 3.10%
90 bps
4.08%
21 bps
24.0% 30.8%
3.85% 2.53%
(6.8)% 24.1%
132 bps
3.69%
(1.9)%
(24) bps
29.4% 22.8%
4.75% 6.04% (129) bps
6.6%
28.1%
1.8%
6.16%
262 bps
Balance Sheet
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
Total Assets
836
742
13%
811
3%
700
618
13%
686
2%
136
124
9%
125
8%
Total Gross Loans
494
456
8%
479
3%
427
387
10%
412
4%
67
69
(3)%
67
1%
Deposits
570
503
13%
556
3%
484
421
15%
476
2%
86
82
5%
80
8%
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