Strategic Imperatives and Financial Overview
Summary
Emirates NBD
■ Robust financial performance despite significant impairments on credit portfolio and associate investments
■ Cost rationalisation initiatives proving successful evidenced by reductions in absolute levels of expenses
and in the cost to income ratio
Significantly improved liquidity metrics and strong capital ratios due to success of balance sheet
optimisation initiatives
Credit quality remains pro-actively managed and within expectations
Dubai World specific provision made in 2010; 80% of Saad & Gosaibi exposure provided
■ Portfolio impairments at AED 2.2 billion or 1.4% of credit RWAS
■ Continued focus in 2010 on balance sheet optimisation, profitability and risk management enhancement
while selectively investing in platforms for growth
■ Dubai remains well-positioned as the region's key economic, trading and financial hub
■ Emirates NBD is optimistic about the expected economic recovery and is well placed to take advantage of
selected growth opportunities
Emirates NBD
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