Investor Presentaiton
Summary
Emirates NBD
Strong operating performance with 19% q-o-q and 20% y-o-y growth in pre-impairment operating profit to AED 1.7 billion
Top-line trends for Q1 2012 encouraging with 8% y-o-y growth in net interest income and growth in core fee income of 17%.
Operating expenses improved 8% q-o-q and are being managed to a 33%-34% cost income ratio for 2012
Continuation of balance sheet de-risking and conservatism on provisioning resulted in impairment allowances of AED 1.1
billion for Q1 2012
Capitalisation and liquidity continue to be extremely strong, offering resilience and flexibility for the future
The outlook remains challenging but Emirates NBD has a clear strategy in place to take advantage of selected growth
opportunities
Emirates NBD
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