Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Q3-15 YTD Financial Results Highlights
Highlights
Net profit of AED 4,990 Mn for Q3-15 YTD improved 27%
y-o-y
⚫ Net interest income rose 8% y-o-y due to growth in Retail
assets and a lower cost of funds
• Non-interest income declined 7% y-o-y due to lower gains
from the sale of properties and investments. However core
fee income improved 14% y-o-y driven by growth in foreign
exchange and derivative income, growing credit card
volumes and higher asset management fees
• Costs grew 5% y-o-y due to staff costs linked with rising
business volumes and partially offset by a control on other
costs
Provisions of AED 2,808 Mn improved 27% y-o-y as cost of
risk continues to normalize
• AD ratio of 97.2% within management range demonstrates
strong bank liquidity particularly during a challenging
quarter for regional liquidity in the banking sector
• NPL ratio improved to 7.1% and coverage ratio
strengthened to 115.3%
• NIMS declined marginally to 2.80% as downward pressure
on loan spreads largely offset by growth in low-cost CASA
deposits
Individual figures may not add up to total due to rounding.
Key Performance Indicators
AED Mn
Q3-15 YTD Q3-14 YTD
Better/
(Worse)
Net interest income
Non-interest income
7,572
7,024
8%
3,583
3,863
(7%)
Total income
11,155
10,887
2%
Operating expenses
(3,362)
(3,212)
(5%)
Pre-impairment operating
7,793
7,675
2%
profit
Impairment allowances
(2,808)
(3,831)
27%
Operating profit
4,985
3,844
30%
Share of profits from
113
159
(29%)
associates
Taxation charge
(108)
(90)
(21%)
Net profit
4,990
3,913
27%
Cost: income ratio (%)
30.1%
29.5% (0.6%)
Net interest margin (%)
2.80%
2.83% (0.03%)
AED Bn
30-Sep-15 31-Dec-14
%
Total assets
390.4
363.0
8%
Loans
261.6
246.0
6%
Deposits
269.3
258.3
4%
AD ratio (%)
97.2%
95.2%
(2.0%)
NPL ratio (%)
7.1%
7.9%
0.8%
13
Emirates NBDView entire presentation