Investor Presentaiton
Outlook
Economic
Outlook
•
Emirates NBD
• 2014 GDP growth for the UAE expected to be 4.5% due to a strong expansion in the non-oil
private sector.
2014 GDP growth expected to accelerate to 4.7% for Dubai on the back of continued growth
in tourism and hospitality, which should boost trade, transport and associated services as
well. Also buoyant real estate and construction sectors will boost growth
• Inflation expected to rise to 3% in 2014 from 1.1% in 2013 on the back of higher housing
costs and higher input prices
•
Emirates NBD has improved its capital and funding profile allowing it to take advantage of the
expected future growth in Dubai and the region
As Dubai continues to recover we expect a further positive trend in impaired loans leading to
a stronger balance sheet
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