Executive Summary H1 23 Results

Emirates NBD's profit rise 130% YoY to record AED 12.3 bn on strong diversified income growth and healthy recoveries Income Statement Net interest income Key Highlights Group profit up 130% on strong diversified income growth and healthy recoveries - ENBD income higher from improving deposit and loan mix, increased margins and higher transaction volumes – DeinzBank non-funded income higher in H1-23 from higher transaction volumes and increased contribution from DenizBank hedges and swaps H1-23 H1-22 %A YOY Q2-23 %A YOY %A QOQ (All figures are in AED bn) 14.4 9.4 53% 7.2 41% 1% • Non-funded income 6.9 4.8 44% 3.6 35% 10% Total income 21.3 14.2 50% 10.8 39% 3% Operating expenses (5.5) (4.1) 34% (2.8) 36% 7% Operating profit 15.8 10.1 56% 8.0 40% 2% - before impairment Impairment allowances (0.9) (1.9) (50)% (0.5) 4% 1% Profit before tax & others 14.9 8.3 80% 7.5 43% 2% • Hyperinflation adjustment (1.4) (1.9) (28)% (0.5) (49)% (37)% • Tax (1.3) (1.1) 19% (0.8) 5% 56% Profit 12.3 5.3 130% 6.2 78% 4% Cost: income ratio 25.6% 28.7% (3.1)% 26.0% (0.7)% 0.7% NIM 3.96% 2.86% 110bps 3.87% 78 bps (18) bps • • • Balance Sheet 30-Jun-23 31-Dec-22 %A YTD 31-Mar-23 %A QOQ Total Assets 811 742 9% 782 4% Total Gross Loans 479 456 5% 470 2% • Deposits 556 503 11% 538 3% CET-1 (%) 16.6% 15.4% 1.2% 15.8% 0.8% LCR (%) 217% 182% 34% 187% 29% NPL ratio (%) 5.6% 6.0% (0.4)% 5.6% 0% Higher NIMs reflect improving loan and deposit mix and higher interest rates Lower provisions as 41 bp cost of risk for H1-23 reflects strong recoveries and robust operating environment Balance sheet surpasses AED 800 bn for first time ever AED 37 bn further CASA growth demonstrates market leading deposit franchise Record half-year for Retail disbursements and strong new Corporate lending across region helping deliver loan. growth, leading to guidance revised upwards AED 1.9 bn profit contribution from DenizBank despite challenging operating environment Higher income enables accelerated investment in AI and international expansion propelling future business growth 18 13

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