Emirates NBD Investor Presentation H1 2021
Credit quality
Highlights
Impaired Loan & Coverage Ratios (%)
130
•
NPL ratio increased marginally by 0.1% to 6.3% in H1-21 due to stage migrations
125.8
126.6
NPL ratio
Coverage ratio
122.5
125.1
125
•
Coverage ratio strengthened to 122.5% during H1-21
•
H1-21 cost of risk decreased substantially to 114 bps (206 bps for DenizBank and 95120
bps ENBD) from 172 bps (374 bps for DenizBank and 126 bps ENBD) in H1-20 due to
improved economic sentiment
120.5
119.6
112.3
116.9
117.3
115
• USD 182m of write backs and recoveries in H1-21 compared to USD 159m during same,
period last year
110
6.2
6.3
6.1
5.9
6.0
5.8
•
Stage 1 and 2 ECL allowances amount to USD 2.8bn or 2.7% of CRWA
105
5.6
5.5
4.8
100
Q2 19 Q3 19 Q4 19
Q1 20
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Impaired Loans and Impairment Allowances (USD billion)
Impaired Loans*
Impairment Allowances
+8%
+13%
8.1
7.5
7.7
7.9
8.1
9.8
9.9
+3%
9.3
9.5
8.8
+1%)
1.3
1.3
1.2
1.2
1.2
1.0
1.1
1.2
1.2
0.8
4.6
4.7
4.9
4.9
5.0
6.1
6.3
6.3
6.5
6.5
0.2
0.3
0.3'
0.2
0.2
0.4
0.4'
0.5
0.5
0.4
1.5
1.5
1.6
1.6
1.7
1.5
1.6
1.7
1.7
1.7
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
Q2 20
Q3 20
Q4 20
Q1 21
Q2 21
DenizBank
Core Corporate
Retail
Islamic
*Includes purchase originated credit impaired loans of USD 0.5bn (Dec-20: USD 0.6bn) acquired at fair value
Financial and Operating Performance
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