Emirates NBD Q1 2023 Earnings Report
Funding & Liquidity remains very healthy
Advances to Deposit and Liquidity Coverage Ratio (%)
99
ADR %
--LCR %
95
157
155
152
92
91
87
182
187
180
140
83
91
91
100
87
79
83
80
75
Q1-22
Q2-22
60
Q3-22
Q4-22
Q1-23
Composition of Liabilities and Debt Issued (%)
Customer
Deposits 78%
Banks 5%
Key Highlights
•
LCR of 187% and ADR of 80% demonstrate healthy liquidity
•
•
Liquid assets* of AED 74 billion cover 11% of total liabilities, 14% of deposits
AED 4 bn of term debt issued in 2023
AED 5.9 bn maturities in 2023 comfortably within Group's issuance
capabilities
Emirates NBD and EI successfully issued AED 1 bn public bond and sukuk in
Q1-23, becoming the first issuers to access this market since UAE Ministry of
Finance developed local yield curve
Maturity Profile of Debt/Sukuk Issued AED 59.2 bn
18.6
11.1
9.7
9.9
Others 8%
0.6
0.4
0.0
18.6
Debt/Sukuk 9%
5.9
6.4
4.0
1.6
9.4
9.8
0.0
4.3
4.1
3.9
2023
2024
2025
2026
2027
Beyond 2027
* Includes cash and deposits with Central Banks, excludes interbank balances and liquid investment securities
■ENBD
■Club Deal
DenizBank
80View entire presentation