Investor Presentaiton
Executive Summary FY 23 Results
AED
Record profit of AED
21.5 bn in 2023 on
higher income & strong
AED
recoveries
100% increase in
proposed dividend to
120 fils
Deposits grew 16% by
AED 82 bn, including
AED 30 bn CASA growth
Delivering innovative ESG
transitioning solutions to
customers and issued
largest ever green bond
from a regional bank
Key Metrics and Guidance
Profit
Income
å
Highest ever income on
strong loan & deposit mix
AED 21.5 bn
AED 43.0 bn
coupled with healthy trend in
fee & commission in 2023
+65%
+32%
NIM
3.95%
Guidance
2023: 3.8-4.0%
2024: 3.8-4.0%
CET 1
AED
Record retail financing and
AED 70 billion of new
corporate lending
LCR
Cost to Income
210%
14.9%
($)
Solid balance sheet with
healthy capital, liquidity
and credit quality and
strong profit reflecting core
strengths of the Group
27.2%
Guidance
2023: 33%
2024: 33%
NPL Cover
163%
NPL ratio
4.6%
Guidance
2023: <6%
2024: 4-5%
Cost of Risk
71 bp
Guidance
2023: 50-70 bp
2024: ~50-70 bp
Loan Growth
5%
(Net loan growth 7%)
Guidance
2023: high-single digit
2024: mid-single digit
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