Investor Presentaiton
Emirates NBD Profile
Operating Environment
Q4-15 Financial Results Highlights
Highlights
•
•
Net profit of AED 2,134 Mn for Q4-15 improved
74% y-o-y and 28% q-o-q
Net interest income improved 8% y-o-y due to loan
growth and 3% q-o-q due to loan growth coupled
with a slight widening in margins
Non-interest income improved 30% y-o-y and 39%
q-o-q due to growth in core fee income coupled
with some one-off gains from the sale of
investments and other income.
Costs increased 15% y-o-y and 21% q-o-q due to
staff costs linked with changing business volumes,
and an increase in marketing costs in Q4 as we
prepared to hit the ground running in 2016
Provisions of AED 599 Mn improved 49% y-o-y and
27% q-o-q as cost of risk improved for the 6th
consecutive quarter
AD ratio of 94.2% improved 1% y-o-y and 3% q-o-q
despite tighter market liquidity conditions
demonstrating strong structural liquidity
NPL ratio improved to 7.1% with strong coverage
NIMS widened in Q4-15 by 7bp q-o-q to 2.82% as
Treasury was able to profitably deploy excess
liquidity at attractive yields. This, coupled with a
widening in deposit spreads, more than offset the
impact of rising EIBOR rates on loan spreads
Appendix
Strategy
Financial & Operating Performance
Emirates NBD
Key Performance Indicators
AED Mn
Q4-15
Q4-14
Better /
(Worse)
Q3-15
Better /
(Worse)
Net interest income
2,669
2,473
8%
2,591
3%
Non-interest income
1,404
1,082
30%
1,009
39%
Total income
4,073
3,555
15%
3,600
13%
Operating expenses
(1,357)
(1,177)
(15%)
(1,126) (21%)
Pre-impairment
2,716
2,378
14%
2,474
10%
operating profit
Impairment allowances
Operating profit
Share of profits from
associates
Taxation charge
Net profit
(599) (1,163)
49%
(822)
27%
2,117
1,214
74%
1,652
28%
53
51
4%
39
37%
(36)
(39)
7%
(18)
(103%)
2,134
1,226
74%
1,673
28%
Cost: income ratio (%)
Net interest margin (%)
33.3%
2.82%
33.1% (0.2%) 31.3% (2.0%)
2.91% (0.09%) 2.75% 0.07%
AED Bn
31-Dec-15 31-Dec-14| % 30-Sep-15 %
Total assets
Loans
406.6
363.0
12%
390.4
4%
270.6
246.0
10%
261.6
3%
Deposits
287.2
258.3
11%
269.3
7%
AD ratio (%)
94.2%
95.2%
1.0%
97.2%
3.0%
NPL ratio (%)
7.1%
7.9%
0.8%
7.1%
0.0%
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