Investor Presentaiton
Total capital ratio strong at 17.6%
Capital
(AED bn)
76.6
19.1
6.4
102.7
•
9.1
(0.5)
(0.4)
87.2
•
(7.6)
on AT1
ECL
add-back
Dividends
CET1
31-Dec-23
T1
T2
12
CET1 Net Earnings Interest
31-Dec-22
Risk Weighted Assets
(AED bn)
17%
Capital
31-Dec-23
Key Highlights
Emirates NBD
60 years together
1601
14.9% CET-1 ratio slightly lower y-o-y on significant increase in proposed
dividend and 17% increase in RWAs
Credit RWA increase from strong Retail and Corporate loan growth
•
DenizBank RWAs increase due to loan growth and increased reserve
requirements
•
Operational risk RWA increase a function of higher 3-year average income and
increased transaction volumes
Capital ratios well above 11% / 12.5% / 14.5% CBUAE minimum requirements
IAS 29 hyperinflation adjustment is capital neutral
Capital Ratios (%)
19.5
19.7
18.3
18.7
584
1.1
1.1
17.6
533
499
515
1.1
1.1
508
1.8
1.7
1.8
1.8
155
1.1
1.6
138
132
139
129
43
33
11
32
33
33
33
13
12
12
12
15.4
15.8
16.6
16.9
14.9
323
331
334
351
374
Q4-22
■Credit Risk
Q1-23
■Market Risk
Q2-23
Q3-23
Operational Risk
Q4-23
Q4-22
Q1-23
DenizBank
Q2-23
CET1% AT1% T2%
Q3-23
Q4-23
24View entire presentation