Emirates NBD Operating Costs and Efficiency Highlights
Non Interest Income
Composition of Non Interest Income (AED million)
Q3 2011 Q3 2010 Change
2010
2009
AED million
YTD
YTD
(%)
Change
(%)
Core gross fee income
1,900
1,845
+3%
2,348
2,572 -10%
Fees & commission
expense
(115)
(106) +8%
(107) (149) -39%
1,785
1,738
+3%
2,241
2,423
-8%
Investment properties
(2)
(148)
-98%
(195) (50)
+75%
Investment securities
167
422
-60%
531
641
-20%
Network International
273
-100%
349
368
-5%
Gain on Debt Exchange
Total Non Interest Income
160
n/a
n/a
2,110
2,285
-8%
2,926 3,382
-13%
Highlights
2010 non-interest income declined by 13% from 2009, impacted by:
AED 214m write-downs of investment properties
lower positive investment securities income
8% decline in core fee income
Q3 2011 YTD Non-interest income decreased by 8% compared with Q3 2010
YTD due to :
lower investment securities income in Q3 2011 YTD
AED 273 million contribution from Network International in Q3 2010 YTD
Q3 2011 YTD Core fee income improved by 3% compared with Q3 2010 YTD
due to
pickup in banking fee income (+21%)
improvement in trade finance income (+2%)
Offset by decrease in forex, rates and other income (-15%)
Core Gross Fee Income Trends in 2010 (AED million)
Core fee income
3,436
84
(28)
(11)
(54)
(118)
Core Gross Fee Income Components (AED million)
1,845
629
1,900
535
112
118
3,309
835
688
410
418
Q3 10 YTD
Q3 11 YTD
2009
Acquiring Fee Income
business
Trade
finance
Fee Income Forex, Rates
& Other
2010
Trade finance ■Fee Income
■Brokerage & AM fees
■Forex, Rates & Other
Emirates NBD
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