UAE Economic and FY 2012 Financial Results Update
Divisional Performance
Wholesale Banking
Consumer Banking &
Wealth Management
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•
.
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Key focus during 2012 was on continued strategy re-
alignment to ensure enhanced future customer
service quality and share of wallet, increased cross-
sell of Treasury and Investment Banking income and
increased Cash Management and Trade Finance
penetration
Revenue declined 8% y-o-y resulting from net
interest margin variability
Loans rose by 9% from end-2011 as new
underwriting more than offset normal loan repayments
•
Deposits grew by 15% from end-2011
CWM continued to improve its position during the
quarter
Revenue improved 12% y-o-y
Deposits grew 17% from end-2011
Loans grew 7% from end-2011 driven by growth in
personal loans, credit cards and the SME segment
Channel optimisation strategy being pursued to
enhance efficiency, resulting in a net reduction of 12
branches and 74 ATMs during 2012 to 100 and 556
respectively
Balance Sheet Trends
AED billion
+9%
172.4
176.0
158.2
161.1 162.0
94.2
83.2
80.0
73.8
69.8
Emirates NBD
Revenue Trends
AED million
-8%
4,835
4,637
4,400
4,280
3,648
1,248
1,126 1,132
1,157
1,008
3,587
+15%
3,274 3,505
2,640
3,122
2008 2009 2010 2011 2012
2008
2009 2010 2011 2012
Loans
Deposits
NFI
NII
Balance Sheet Trends
AED billion
Revenue Trends
AED million
+7% 87.9
75.4
66.1
54.4
45.3
26.0 22.2
19.1 18.8 20.2
+12%
4,376
3,918
3,387 3,322
1,238
+17%
3,012
1,005
790
940
790
2,222
2,597
2,912 3,138
2,382
2008 2009 2010 2011 2012
2008 2009 2010 2011 2012
Loans
Deposits
NFI
NII
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