Financial & Operating Performance
Appendix
Strategy
Financial & Operating Performance |
Emirates NBD Profile
Operating Environment
UAE Banking Market Update
Highlights
Bank loans increased by AED 6.7 bn and 0.4% y/y to AED 1580.7
bn in December.
Bank deposits increased by AED 64.4 bn and 4.1% y/y to AED
1627.3 bn in December
Although the 3m EIBOR rate has increased in recent months, this
has been mostly due to higher USD rates, with the spread over 3m
LIBOR narrowing
Bank deposit and loan growth
AD ratio (RHS)
18%
16%
14%
12%
10%
8%
6%
4%
2%
0%
-2%
-4%
Bank deposits (% y/y)
Bank Loans (% y/y)
110%
105%
100%
95%
90%
85%
80%
UAE banking market (AED Bn)
Gross Loans 304 1287
Deposits
327
1269
1627
Assets
470
2198
1581
Dec-10
Mar-11
Jun-11
Sep-11
Dec-11
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Source: UAE Central Bank; loan growth gross of provisions
GCC banking market
Banking Assets
USD Bn
Assets
% GDP(3)
734
198
UAE(1)
KSA
Qatar
Kuwait
2695
Bahrain(2)
58
82
Oman
Emirates NBD
Other Banks
111
Total
Source: UAE Central Bank Statistics and ENBD as at December 2017
1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2017 forecasted.
UAE, KSA, Qatar, Kuwait and Oman as at December 2017; Bahrain as at November 2017.
Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts.
375
229
615
89
168
220
222
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Emirates NBD
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