Investor Presentation | FY-2022
Divisional Performance
Operating Segment
Metrics
FY22
%A YOY
Income (mn)
10,234
27%
Expense (mn)
2,702
21%
Retail Banking and
Wealth Management
Profit (mn)
6,412
23%
•
Loans (bn)
63
12%
•
Deposits (bn)
215
20%
Income (mn)
5,574
(2)%
Expense (mn)
595
10%
Corporate and
Institutional Banking
Profit (mn)
3,291
Loans (bn)
271
(7)%
Deposits (bn)
150
4%
•
Income (mn)
3,182
33%
.
Expense (mn)
1,539
29%
Emirates Islamic
Profit (mn)
1,240
51%
5%
Key Highlights
•
Retail Banking and Wealth Management
Strong loan growth in 2022 with Loan origination up 39%, Credit Card acquisitions up 100% and
Card spends up 31 % y-o-y
Lending increased by AED 7 bn and CASA grew by AED 27 bn in 2022
Income up 27% with fee income growing by 34%
Rollout of enhanced mobile banking app ‘ENBD X'; delivering a new standard in customer service
Enhanced credit card and personal loan application process, enabling instant approval
Successful launch of series of Strategic Investment Funds supporting investment into IPOs in UAE
Launched DEWA, TECOM and Salik IPO portal on the Emirates NBD website with real time direct
integration with DFM for new investors
Corporate and Institutional Banking
•
Lead delivery of over AED 31 bn IPOs supporting growth in Dubai economy, with end-to-end IPO
subscription website offering real-time on-boarding through state-of-the-art fully digital platform
Implemented cutting-edge new businessONLINE platform
Profit 5% higher from increased ECM, Trade Finance and Treasury sales income and lower provisions
AED 50 bn of new lending offset substantial contractual repayments
Continued focus on improving funding cost by growing CASA balances and retiring expensive
deposits
Emirates Islamic
Loans (bn)
53
13%
Deposits (bn)
56
19%
Income (mn)
1,773
<100%
Global Markets and Treasury
Expense (mn)
165
14%
<100%
Profit (mn)
1,523
Income (mn)
10,562
50%
•
Expense (mn)
2,448
11%
DenizBank
Profit (mn)
1,585
(4)%
Loans (bn)
69
7%
•
Net profit up 51% y-o-y to record AED 1.2bn on higher income
•
Gross Customer financing at AED 53 bn, increased 13% from 2021, and customer deposits
increased 19% in FY22 with CASA now 74% of total deposits
Global Markets and Treasury (GM&T)
GM&T delivered outstanding performance with profit surpassing AED 1.5 bn mark for first time ever
NII grew as balance sheet positioned for rate rises and increase in banking book investment income
NFI doubled on strong Trading performance and Sales grew revenue by 55% on strong client FX
flows
International Treasuries doubled their revenue contribution.
GM&T were one of the most active primary dealers for T-Bonds issued by Ministry of Finance.
DenizBank
Stable profit as income up 50% by AED 3.5 billion and Impairment allowances AED 1.0 billion lower
on strong writebacks and recoveries helping offset AED 3.1 billion hyperinflation adjustment
Deposits (bn)
82
19%
27View entire presentation