Investor Presentaiton
Summary
Emirates NBD
Profitability
Provisions
·
Pre-impairment operating profit improved 8% q-o-q and 16% year-to date
compared to Q3 2012 YTD
• Net profit of AED 2,584m YTD improved 34% compared to Q3 2012 YTD
• Continued conservative provisioning with net impairment allowances up 11%
year-to date to AED 3,400 million
• Total income improved q-o-q and YTD by 8% and 13% respectively
Income
Net Interest Margin
• YTD NIM rose 0.14% to 2.56% helped by increased volumes in higher yielding retail
products, a fall in EIBOR rates, cheaper bank borrowings and a more efficient capital
structure
• Cost to Income ratio has improved to 33.0% for Q3 and to 33.6% YTD
CI Ratio
• NPL ratio improved by 0.2% since start of year to 14.1%
Credit Quality
Capitalisation and
Liquidity
Outlook
•
Coverage ratio improved by over 5% since start of year to 54.8%
Capitalisation and liquidity extremely strong offering resilience for the future
• Tier 1 ratio improved by 1.1% since start of year to 14.9%
• Emirates NBD is well placed and has a clear strategy in place to take advantage of
the improving growth outlook
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