Investor Presentaiton
EMIRATES NBD
ANNUAL REPORT 2021
REVIEW OF
PERFORMANCE
partnerships, enables us to offer customised solutions
to our clients, realising growth opportunities across
domestic and international markets. Fl continued to
have strong performance in 2021 across the markets
and products. Deep rooted client relationships and
strong distribution network remains the key driver.
During the year, Fl enhanced its focus on ESG linked
solutions, enabling the Group and its clients to tap into
a new and diversified investor base.
Investment Banking
Emirates NBD Investment Banking (IB) successfully
closed another record year of performance in 2021
across all its businesses, including Loan Syndications,
Global Capital Markets, and Corporate Finance. The IB
team played an instrumental role in spearheading
landmark financings in its home market Dubai, UAE, and
the wider GCC region, contributing to strong fee income
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to the Group. The division plays a vital role in the
enhancement of the distribution network of the Group
for its loan and trade finance platform. In 2021, the IB
team held key roles in Equity Capital Market transactions
in the region leveraging on its strong capabilities and
growing market momentum. Debt Capital Market was
successful in arranging a record number of issuances
across the GCC region, Turkey, Egypt, India, China, Hong
Kong, Kazakhstan, the United Kingdom, Pakistan,
Maldives, and Russia, despite the challenging markets.
Loan Syndications retained its pole position as IB's
largest revenue contributor and achieved its best-ever
performance for yet another consecutive year (both in
terms of closed transaction value and volume) on both
primary and secondary markets, fully utilising the
opportunity presented by a buoyant regional liquidity
environment.
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In recognition of its track record in arranging several
landmark Sukuk transactions, IB was named GIFA's
Sukuk Lead Manager of the year. In addition, the
platform was awarded Best Corporate and Investment
Bank by Asiamoney.
Transaction Banking
The Transaction Banking unit offers a comprehensive
suite of products and solutions covering trade finance,
supply chain finance and cash management, supported
by market-leading digital delivery channels.
During 2021, our Transaction Banking business achieved
exemplary growth in core cash balances, trade finance-
linked balance sheet, and enhanced transaction
volumes, on the back of its strong traditional and
innovative digital offering. As part of C&IB's strategy to
continuously improve client experience and solutions,
we have further enhanced our digital banking suite to
cover virtual accounts, liquidity management, API
banking, digital supply chain finance, and
smartGuarantees. Our focus remains on building
bespoke and innovative solutions to meet clients'
sophisticated needs and empower businesses to
respond to changes in the business landscape.
During the year, C&IB witnessed remarkable increase in
volume of transactions originated through our digital
platforms.
Islamic Banking
The Bank's Islamic window, Emirates NBD ISLAMIC,
previously Al Watani Al Islami (AWAI), continued to
support all areas of the business in the UAE and KSA to
develop Islamic products and ensure seamless flow and
execution of Shari'ah compliant transactions.
In 2021, Emirates NBD ISLAMIC and the Investment
Banking team worked closely on multiple Sukuks and
Islamic syndicated financing transactions across the
region.
During the year, Emirates NBD ISLAMIC ensured full
compliance with Shari'ah Governance regulations
issued by the Central Bank of the UAE.
Global Markets and Treasury
Global Markets and Treasury (GM&T) delivered a 61%
y-o-y improvement in net interest income despite the
prevailing low interest rate environment, driven by
increased income from hedging and banking book
investments.
The Trading desk delivered a strong performance and
successfully navigated increased volatility in global
markets adjusting to higher inflation and the prospect of
higher interest rates and increased economic growth.
The Sales and Structuring team offered hedging solutions
to institutional customers in a range of currencies to
enable them to lock in favourable borrowing costs and
investment returns.
The Group Funding desk issued USD 3 billion of Private
Placements with maturities out to 20 years, a USD 750
million 5-year public senior issuance and USD 750 million
of Additional Tier 1 notes, as well as helped the Group
issue a USD 1.75 billion 3-year ESG-linked syndicated loan.
GM&T successfully issued the Group's first Alternative
Reference Rate Note, demonstrating readiness for the
global transition from LIBOR to new indices. As part of the
transition initiative, GM&T assisted customers in adopting
new reference rates in their existing derivative and lending
documentation.
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Emirates NBD and MetLife form strategic partnership
28View entire presentation