Emirates NBD Financial Performance Q1 2020
Credit quality
Highlights
Impaired Loan & Coverage Ratios (%)
•
During Q1-20 NPL ratio stable at 5.5%
127.9
128.4
127.4
127.3
125.8
126.6
•
Coverage ratio improved significantly by 8.2% to 120.5% on higher expected
credit loss overlay related to COVID-19
123.9
•
Net cost of risk increased to 210 bps (430 bps for DenizBank and 161 bps
Emirates NBD only) on higher net impairment charge of USD 697 Mn
USD 97 Mn of write backs & recoveries in Q1-20 compared to USD 90 Mn
during same period last year
NPL ratio
Coverage ratio
112.3
120.5
•
•
Stage 1 & 2 ECL allowances amount to USD 2.7 Bn or 2.6% of CRWA
Provisions will be reviewed regularly as the impact of COVID-19 becomes
more apparent
6.0
6.0
5.8
5.9
5.9
5.9
5.6
5.5
4.8
Q1 18
Q2 18 Q3 18
Q4 18 Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Impaired Loans and Impairment Allowances (USD Bn)
Impaired Loans*
Impairment Allowances
+19%
+22%
+8%
+0%
8.6
7.1
7.1
8.0
7.6
5.8
5.9
6.0
7.2
7.4
0.6 A
1.1
1.2
0.1
0.4
0.0
0.0
0.1
4.1
4.1
4.2
5.4
5.5
5
5.6
5.8
6.1
4.4
4.4
0.2
0.3
0.2
0.2
0.2
1.5
1.5
1.5
1.3
1.3
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
DenizBank
0.3'
0.3
0.3
0.3
1.5
1.6
1.6
1.5
35
0.3
1.6
Q1 19
Q2 19
Q3 19
Q4 19
Q1 20
Core Corporate
Retail
Islamic
*Includes purchase originated credit impaired loans of USD 0.7 bn (Dec-19: USD 0.8 bn) acquired at fair value
Financial & Operating Performance
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