Emirates NBD Operating Costs and Efficiency Highlights
Divisional Performance
Wholesale Banking
Consumer Banking &
Wealth Management
Key focus during the period was on balance sheet optimisation,
continued proactive management of credit quality, building non-risk
based and fee generating businesses and selective growth in new
underwriting
Revenue increased 1% compared to the same period last year as
4% growth in Net Interest Income was partly offset by lower Fee
Income
Loans rose by 4% from end-2010 evidencing a pickup in new
underwriting during the period.
Deposits declined 19% from end-2010 due to balance sheet
management initiatives and increased deposit competition in the sector
☐
CWM maintained its position in challenging market conditions
Continued expansion in Private Banking business; now 70 RMs.
Revenue improved 16% compared to the same period last year due to
21% growth in net interest income
Deposits grew 10% from end-2010;
Loans declined by 7% from end-2010 due to lower personal loan and
mortgage balances
■ Total number of branches now 110 through the addition of 2 branches
in Dubai and 3 branches in Abu Dhabi during Q3 2011 YTD; the ATM
& SDM network totals 641
Emirates NBD
Balance Sheet Trends
AED billion
Revenue Trends
AED million
161.1
+4%
+1%
167.8
3,332
3,364
855
782
94.2
76.6 I
-19%
2,477
2,582
Q4 10
Q3 11
Q3 10 YTD
Q3 11 YTD
Loans
Deposits
NFI
NII
Balance Sheet Trends
AED billion
Revenue Trends
AED million
-7%
+16%
73.0
2,862
66.1
+10%
2,464
733
699
19.1
17.8
2,129
1,765
Q4 10
Loans
Q3 11
Deposits
Q3 10 YTD
Q3 11 YTD
NFI
NII
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