Emirates NBD Investor Presentation

Consumer Banking & Wealth Management Divisional Performance Wholesale Banking Key focus during the period was on balance sheet optimisation, continued proactive management of credit quality, building non- risk based and fee generating businesses and selective growth in new underwriting Revenue increased 4% compared to 2010 as 7% growth in Net Interest Income was partly offset by 4% lower Fee Income Loans rose by 2% from end-2010 evidencing a pickup in new underwriting during the period However, deposits declined 26% from end-2010 due to balance sheet management initiatives and increased deposit competition in the sector CWM maintained its position in challenging market conditions Continued expansion in Private Banking business; now almost 70 RMs Revenue improved 18% compared to 2010 due to 22% growth in net interest income Deposits grew 14% from end-2010 Loans declined by 2% from end-2010 due to lower personal loans, mortgages and time loans; partly offset by growth in credit cards, auto loans and retail overdrafts Total number of branches now 112 through the addition of 2 branches in Dubai, 4 in Abu Dhabi and 1 in Sharjah during 2011; the ATM & SDM network totals 630 Emirates NBD Balance Sheet Trends AED billion +2% Revenue Trends AED million +4% 172.4 158.2 161.1 165.1 4,835 3,648 1,248 4,580 4,400 1,126 1,081 94.2 1,008 83.2 73.8 69.8 -26% 3,587 3,274 3,499 2,640 2008 2009 2010 2011 Loans Deposits 2008 2009 2010 2011 NFI NII Balance Sheet Trends AED billion Revenue Trends AED million +18% -2% 75.4 3,910 66.1 +14% 3,387 3,322 54.4 45.3 3,012 790 1,000 790 940 26.0 22.2 19.1 18.8 2,222 2,597 2,382 2,910 2008 2009 2010 2011 2008 2009 2010 2011 Loans Deposits NFI NII 28

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