Q3-15 Financial Results Highlights

Appendix Strategy Financial & Operating Performance Emirates NBD Profile Operating Environment Bn) UAE Banking Market Update Highlights Tighter liquidity conditions are evident: M2 growth slowed to 3.5% in Sept. (8.0% in Dec.) Bank deposits declined m/m Jun. to Aug. and increased slightly in Sept., y/y growth at 1.6%. (Gross) loan growth at 7.0% y/y, so LTD ratio increased to 102.9%. 3-month EIBOR has risen 17bp to 0.85% at 2-Nov-15 compared to 0.68% at start of year. 3 month $ LIBOR has increased by 8bp to 0.33% over the comparable period. Composition of UAE Banking Market (AED Gross Loans 285 1,193 1,479 Deposits 269 1,168 1,437 Assets 390 Emirates NBD Other Banks Source: UAE Central Bank Statistics, ENBD data as at end Sept 2015 Bank deposit and loan growth* 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% -2% -4% Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Bank deposits (% y/y) Bank Loans (% y/y) Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Source: UAE Central Bank, *loan growth gross of provisions GCC Banking Market Banking Assets USD Bn Assets % GDP(3) 660 UAE(1) TIME KSA Qatar Kuwait 205 2,032 2,422 Bahrain(2) 52 Oman 77 291 589 84 152 142 159 1) Includes Foreign Banks; 2) Excludes Foreign Banks; 3) GDP data is for FY 2015 forecasted. UAE as at Sep 2015; Bahrain as at Jun 2015; Kuwait as at Jul 2015; Saudi, Oman & Qatar as at Aug 2015 Source: UAE Central Bank; National Central Banks and Emirates NBD forecasts 99 177 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Emirates NBD

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