Emirates NBD Digital Banking Innovation Update
Divisional Performance
Highlights Income
Liquidity
Risk
Expenses
Capital
Divisional
Key Highlights
22%
Retail Banking and Wealth Management
19%
23%
12%
11%
Lending increased by AED 6.5 bn, whilst CASA grew by a record AED 20 bn in first nine months of 2022
Launched the Emirates NBD Etihad Guest Credit Card offering one of the highest Etihad Guest earning and
reward opportunities in the market as well as a 5-year strategic partnership with RSA Middle East covering
general insurance products
Successfully launched a series of UAE Strategic Investment Funds supporting investments into IPOs in UAE
Extended tablet banking to credit cards allowing customers to apply for bundled products, and get instant
credit decisioning
Launched DEWA, TECOM and Salik IPO portal on the Emirates NBD website with real time direct integration
with DFM for new investors
Corporate and Institutional Banking
Launched state-of-the-art fully digital platform to manage end-to-end IPO subscription website offering real-
time on-boarding
Implemented cutting-edge new platform for business ONLINE
Net Profit is 1% higher on lower impairment allowances and higher fee income as increased equity capital
market activity offset lower debt capital market volumes
Strong growth in new lending offset substantial contractual repayments
Emirates Islamic
Net profit up 31% y-o-y to AED 1,054m on higher income and lower provisions
Customer financing at AED 47.8bn, increased 12% from 2021, and customer deposits increased 16% in Q3-
22 with CASA now 77% of total deposits
Global Markets and Treasury
.
Income grew 136% y-o-y in 9M'22 due to higher net interest income from balance sheet positioning, hedges
and an increase in banking book investment income
Non funded income 69% higher on strong Rates, Credit and FX Trading performance
International Treasury functions grew revenue by 75% y-o-y
Robust client FX flows with revenue increasing by 70% during 9M'22
DenizBank
Income up by AED 2.5 billion (52%) and Impairment allowances AED 0.5 billion lower on strong writebacks
and recoveries helping offset AED 2.4 billion hyperinflation adjustment
Operating Segment
Metrics
9M'22
Increase/ (Decrease)
Income (mn)
7,312
Expense (mn)
1,923
Retail Banking and Wealth
Management
Profit (mn)
4,700
Loans (bn)
60
Deposits (bn)
199
Income (mn)
4,097
(5)%
Expense (mn)
419
1%
Corporate and Institutional
Banking
Profit (mn)
2,396
1%
Loans (bn)
248
(6)%
Deposits (bn)
148
(8)%
Income (mn)
2,185
Expense (mn)
987
Emirates Islamic
Profit (mn)
1,054
Loans (bn)
48
Deposits (bn)
55
Income (mn)
973
22%
22%
31%
12%
16%
•
>100%
Global Markets and Treasury Expense (mn)
118
1%
>100%
Profit (mn)
795
Income (mn)
7,424
52%
Expense (mn)
1,702
1%
DenizBank
Profit (mn)
1,139
(25)%
Loans (bn)
63
3%
Deposits (bn)
79
15%
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