Investor Presentation
US$ convenience translation
Emirates NBD
60
Emirates NBD 601
Excluding DenizBank
DenizBank
Income Statement
9M'23
9M'22
%A YOY Q3-23
%A QOQ
9M'23
9M'22
ΔΥΟΥ Q3-23
%A QOQ
9M'23
9M'22
%A YOY
Q3-23
%A QOQ
(All figures are in USD bn)
Net interest income
6.1
4.2
43%
2.1
8%
4.9
2.9
69%
1.6
(3)%
1.2
1.3
(13)%
0.5
73%
Non-funded income
2.8
2.0
46%
1.0
0%
1.6
1.3
23%
0.5
1%
1.3
0.7
89%
0.5
(1)%
Total income
8.9
6.2
44%
3.1
6%
6.5
4.2
55%
2.1
(2)%
2.5
2.0
22%
1.0
27%
Operating expenses
(2.3)
(1.7)
31%
(0.8)
3%
(1.6)
(1.3)
21%
(0.5)
(8)%
(0.7)
(0.5)
56%
(0.3)
32%
Operating profit
6.6
4.4
50%
2.3
7%
4.9
2.9
70%
1.6
0%
1.7
1.6
11%
0.7
25%
before impairment
Impairment allowances
(0.4)
(0.9)
(54)%
(0.2)
16%
(0.6)
(0.7)
(12)%
(0.2)
(10)%
0.2
(0.2)
(176)%
0.0
(81)%
Profit before tax & others
6.2
3.6
75%
2.2
6%
4.3
2.2
94%
1.5
1%
1.9
1.3
43%
0.7
17%
Hyperinflation adjustment
(0.9)
(0.7)
31%
(0.5)
248%
(0.9)
(0.7)
31%
(0.5)
248%
Tax
(0.6)
(0.4)
44%
(0.3)
22%
(0.1)
(0.1)
16%
(0.0)
(5)%
(0.5)
(0.4)
48%
(0.2)
24%
Profit
4.8
2.5
92%
1.4
(16)%
4.3
2.2
96%
1.4
1%
0.5
0.3
63%
0.0
(104)%
Cost: income ratio
25.5% 28.2%
(2.7)%
NIM
4.00% 3.10%
90 bps
25.3%
4.08%
(0.7)%
21 bps
24.0% 30.8%
3.85% 2.53%
(6.8)% 24.1%
132 bps
3.69%
(1.9)%
(24) bps
29.4% 22.8%
6.6%
28.1%
1.8%
4.75% 6.04% (129) Bps 6.16%
262 bps
Balance Sheet
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
30-Sep-23 31-Dec-22 %A YTD 30-Jun-23 %A QoQ
Total Assets
228
202
13%
221
3%
191
168
13%
187
2%
37
34
9%
34
8%
Total Gross Loans
135
124
8%
131
3%
116
105
10%
112
4%
18
19
(3)%
18
1%
Deposits
155
137
13%
151
3%
132
115
15%
130
2%
23
22
5%
22
8%
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