Investor Presentation August/September 2009
Funding and Liquidity
Highlights
Loan to Deposit Ratios (%)
Liquidity in the UAE Banking system improved in H1 2009, helped by
various Government initiatives
140%
129%
126%
127%
130%
122%
■ Formal deposit and capital markets guarantee documentation
expected soon
118%
119%
117%
120%
Funding remains stable and deposit mobilisation initiatives proving
successful
110%
111%
109%
109%
100%
104%
■ Continue to access stable interbank lines and ECP market opening up
100%
100%
90%
98%
■
Liquidity backstop facilities of c. AED14b remain unused
80%
■ Term debt maturity profile is well within our funding capacity; repaid
scheduled AED 3.7b in H1 2009
Q4 07
Q2 08
Q1 08
Headline LTD Ratio %
Q3 08
Q4 08
Adjusted LTD Ratio %(1)
Q1 09
Q2 09
Composition of Liabilities - H1 2009 (%)
H1 2009 100% = AED 250.7b
Customer deposits
(incl. Islamic)
Banks
Debt and Sukuk
issued
Others
18%
20%
22%
10%
12%
12%
4%
5%
5%
TH1 2009
FY 2008 TH1 2008
Maturity Profile: Debt Issued(2) (AED million)
100% = AED 25.0b
68%
7,615
63%
61%
6,648
1) Adjusted LTD ratio includes Debt Issued and Other Borrowed Funds in the denominator
2) Debt Issued includes EMTNS of AED of AED 19.5b and syndicated borrowings from banks of AED 5.5b
3) For 2009, AED 2,184m represents remaining maturities for the 6 months ended 31.12.2009
Emirates NBD
3,064
2,184
T
2009(3) 2010 2011
2012
1,054
216
0
2,765
1,432
0
2013 2014 2015 2016 2017 2018
17View entire presentation