Dubai Economic Update

Profit and Balance Sheet Growth in Recent Years 4.7 7.1 Revenues and Costs (AED billion) Revenue +16% 10.8 9.7 9.9 8.4 Costs Net Profits (AED billion) and Return on Equity (%) Net Profits +14% -4% 3.7 3.7 3.6 3.4 3.5 3.3 3.1 3.0 2.7 1.8 2.3 2.5 ROE (%) 21.8% 21.0% 20.2% 16.3% 10.2% 10.3% 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 166 Assets and Loans (AED billion) Assets Loans +13% +11% 282 282 286 285 254 209 215 196 203 166 109 95 95 Deposits and Equity (AED billion) Deposits Equity(1) +15% 200 193 181 162 141 +14% 28 26 26 19 20 15 29 29 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 2006 2007 2008 2009 2010 2011 1) Equity is Tangible Shareholder's Equity excluding Goodwill and Intangibles. Source: Financial Statements, Aggregation of Emirates Bank International and NBD results Emirates NBD 14

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