Building the Bank of The Future

Credit quality improves significantly Impaired loans and allowances 6.0 5.6 5.6 5.5 4.6 39.4 39.8 39.3 39.2 Key Highlights Emirates NBD 60 years together 1601 NPL ratio improved by 1.4% to 4.6% in 2023 on strong writebacks, recoveries and write-offs 27.3 35.8 . NPL guidance revised to 4-5% 26.2 26.8 27.0 163 • 22.0 152 147 145 145 • 71 bps Cost of Risk in 2023 and 2024 CoR guidance maintained at 50-70bp Stage 1, 2 and 3 coverage boosted in 2023 Coverage ratio remained healthy at 163% in 2023 Q4-22 Q1-23 Impaired Loans (AED Bn) Coverage Ratio (%) 02-23 Q3-23 Coverage by Stage Q4-23 Impairment Allowances (AED Bn) NPL Ratio (%) Stagewise ECL (AED bn) Total Gross Loans FY-22 | AED 456 bn FY-23 | AED 481 bn Stage 1 90.1% Stage 2 5.3% Stage 3 4.6% 1.4% 39.4 1.1% 26.8% Stage 1 87.7% 35.8 4.8 29.6% ■Stage 1 Stage 2 6.4% 6.3 7.8 Stage 3 6.0% ■Stage 2 7.6 98.8% 99.5% ■Stage 3 26.8 21.9 FY'22 FY'23 FY'22 FY'23 21

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