UAE Economic and FY 2012 Financial Results Update
Capital Adequacy
Emirates NBD
Highlights
CAR and T1 improved 0.1% and 0.8% y-o-y to 20.6%
and 13.8% respectively resulting from:
Capitalisation
19.8
20.5
20.6
18.7
increase in Tier 1 capital by AED 1.25 billion in 2012
due to net profit generation for the year
11.9
12.6
13.0
13.8
10.5
45.6
41.8
43.6
45.0
-
2% reduction in RWAS
8.4
15.2
15.9
16.7
14.9
25.3
• Tier 2 Capital decreased 11% or by AED 1.8 bn during
2012 due to the amortization of MoF T2 deposits.
⚫ EIB rights issue of AED 1.5 billion in Q4 2012 to
support Dubai Bank RWAs taken on as part of the
integration (no impact to consolidated financial
statements)
4.9
26.7
27.7
28.9
30.2
20.4
Q4 08
Q4 09
Q4 10
Q4 11
Q4 12
T2
T1
T1 %
CAR %
Capital Movements (AED billion)
-
Risk Weighted Assets – Basel II (AED billion)
31 Dec 2011 to 31 Dec 2012
Tier 1
Tier 2
Total
-10%
Capital as at 31 Dec 2011
28.9
16.7
45.6
241.3
223.9
10.6
220.5
Net profits generated
2.6
2.6
5.2
13.1 3.2
13.8
222.1
14.0
2.3
1.5
218.1
===-2%
13.8 2.3
FY 2011 dividend paid
(1.1)
(1.1)
Interest on T1 securities
(0.3)
(0.3)
225.4
207.6
204.4
206.5
202.0
Change in general provisions
0.6
0.6
Amortisation of MOF T2
(2.5)
(2.5)
Q4 08
Q4 09
Q4 10
Q4 11
Q4 12
Other
0.0
0.1
0.1
Capital as at 31 Dec 2012
30.1
14.9
45.0
Operational Risk
Market Risk
Credit Risk
23
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