2013 Awards and Strategic Priorities
Islamic Banking*
Divisional Performance (cont'd)
Global Markets & Treasury
Emirates NBD
Revenue increased to positive AED 112
million in Q1 2013 from a negative AED 20
million in Q4 2012 driven by lower negative
net interest income drag and higher
investment income
Tightening of spreads in regional credit
markets produced opportunities for t trading
desk which resulted in a good 1st quarter for
credit trading desk
Treasury Sales enjoyed a good quarter as
volatility returned to the FX markets which
saw some hedging interest from clients; the
prevailing low interest rate scenario attracted
some interest rate hedging activities as well
⚫ Islamic Banking revenue improved 37%
y-o-y and by 34% q-o-q to AED 321 million in
Q1 2013 (net of customers' share of profit)
Financing receivables increased by 11% to
AED 23.7 billion from end of Q1 2012
• Customer accounts reduced by 12% to
AED 25.3 billion from end of Q1 2012
• As at end of Q1 2013, branches totaled 49
while the ATM & SDM network totaled 171
Balance Sheet Trends*
AED billion
Revenue Trends
AED million
-55%
247
112
309
+57%
218
139
-62
-159
-106
-20
Q1 12
Q4 12
Q1 13
NFI
NII
Revenue Trends*
AED million
+11%
28.8
+37%
321
23.2
25.8.-
23.7
25.3
-12%
66
21.3
234
239
+34%
46
90
255
193
144
*Includes Emirates Islamic Bank and Dubai Bank
Q1 12 Q4 12 Q1 13
Financing receivables
Q1 12
Q4 12
Q1 13
NFI
Profit
Customer accounts
27
27View entire presentation