Financial & Operating Performance
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Net Interest Income
Highlights
NIMS showed an improving trend in 2017, as rate rises
flowed through to the loan book and liquidity conditions
improved
Net Interest Margin (%)
2.85
2.82
Q4-17 NIM of 2.51% improved 22 bps y-o-y
Loan yields improved 2 bps y-o-y and held steady q-o-q
helped by recent interest rate rises
Funding costs adversely impacted margins in Q4 reflecting
higher premium for liquidity over year end. Bank
successfully prefunded expensive debt maturing in Q1-18 by
issuing a $750 Mn 5-year senior bond in November
2018 NIM guidance raised to 2.55-2.65% as we expect
improvement in funding costs coupled with further benefit
from anticipated rate rises
Net Interest Margin Drivers (%)
Q4-17 vs. Q3-17
2.56
0.00-
-0.00
Emirates NBD
16
2.62
2.62
2.58
2.54
2.56
2.51
2.51
2.49
2.46
2.55
-
2.41
2.47
2.44
2.33.
2.29
Q415
Q116 Q216
Q316 Q416
Q1 17 Q2 17 Q3 17 Q4 17
Qtrly NIM
YTD NIM
FY 2017 vs. FY 2016
2.51
0.02
(0.03)
(0.05)
2.51
(0.04)
2.47
Q3 17
Loan Yield
Deposit
Cost
Treasury
& Other
Q4 17
Q4-16
Loan Yield Deposit Cost Treasury
& Other
Q4-17View entire presentation