Investor Presentaiton

Bps (in 10s) 1 2 UAE Economic Update (cont) Emirates NBD Highlights . • Total bank loan growth (net of provisions) reached 6.4% y-o-y in July; while this is still well below regional peers, the data shows a steady improvement, particularly in the retail and personal loan segment Deposit growth in the UAE still outpaces loan growth; bank deposits grew 12.4% y-o-y in July, and the cumulative increase in bank deposits year-to-July was AED85.3bn, compared with an AED45.2bn increase in deposits over the same period last year; consequently, the loans-to- deposit ratio was at 92.6%, near the lowest level in at least five years • 3M EIBOR rate continued to ease as liquidity in the banking system improved. Dubai CDS remained near multi-year lows, reflecting confidence in the economic recovery and prospects for growth going forward EIBOR - LIBOR spreads 510 460 410 360 310 260 Trends in CDS spreads Dubai (Ihs) Abu Dhabi (rhs) 160 150 140 130 120 110 100 90 80 70 60 Sep-13 S 210 160 110 60 Jan-12 May-12 Sep-12 Jan-13 May-13 Source: Emirates NBD Research, Bloomberg Bank deposit and loan growth + 3 CO 5 Spread EIBOR -LIBOR -1 -2 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Source: Bloomberg y-o-y Growth % 80620864212 -2 Aug-09 Bank deposits Oct-09 Dec-09 Feb-10 Apr-10 Jun-10 Aug-10 Oct-10 Dec-10 Feb-11 Apr-11 Jun-111 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Source UAE Central Bank Jun-12 Bank Loans Aug-12 Oct-12 Dec-12 Feb-13 Apr-13 Jun-13 5

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