Emirates NBD Q1 2023 Earnings Report slide image

Emirates NBD Q1 2023 Earnings Report

NIMs trending towards guidance range on collective impact of rate rises, deposit mix and Turkish regulations Net Interest Margin (%) YTD NIM Quarterly NIM 4.40 4.05 4.05 3.57 3.09 3.43 3.10 2.60 2.89 2.82 2.86 2.65 2.60 2.53 Fed Funds Upper Bound 2.50% 1.75% 0.25% 0.25% 0.50% 1.75% 3.25% 4.50% 5.00% 2018 2019 2020 2021 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Key Highlights Q1-23 NIM up 145 bps y-o-y due to improved loan & deposit mix and higher interest rates Q1-23 NIM down 35 bps q-o-q on DenizBank NIM contraction from regulatory impact partially offset by higher interest rates Guidance maintained at 3.8-4.0% on collective impact of rate rises, deposit mix and Turkish regulations NIM drivers Q1-23 vs Q1-22 (%) 2.60 3.51 (0.92) (0.85) (0.29) 4.05 NIM drivers Q1-23 vs Q4-22 (%) 4.40 1.00 (0.25) (0.28) 4.05 (0.82) Q1-22 Loan Yield Deposit Cost Treasury & Other DenizBank Q1-23 Q4-22 Loan Yield Deposit Cost Treasury & Other DenizBank Q1-23 3
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