Executive Summary FY 22 Results
Income Statement
Emirates NBD
Emirates NBD
Excluding DenizBank
DenizBank✡
Income Statement
(All figures are in AED bn)
FY 22
FY 21
%ΔΥΟΥ
FY 22
FY 21
%A YOY
FY 22
FY 21
%A YOY
Net interest income
23.2
16.9
37%
15.7
11.7
34%
7.6
5.3
43%
Non-funded income
9.3
6.9
35%
6.3
5.1
22%
3.0
1.8
70%
Total income
32.5
23.8
36%
21.9
16.8
31%
10.6
7.0
50%
Operating expenses
(9.3)
(8.0)
16%
(6.8)
(5.8)
18%
(2.4)
(2.2)
11%
Pre-impairment
23.3
15.8
47%
15.1
11.0
38%
8.1
4.8
68%
operating profit
Impairment allowances
(5.2)
(5.9)
(12)%
(3.5)
(3.2)
9%
(1.7)
(2.7)
(37)%
Tax and others
(2.0)
(0.6)
214%
(0.2)
(0.1)
54%
(1.7)
(0.5)
267%
Profit after tax & before hyperinflation
16.1
9.3
73%
11.4
7.7
49%
4.7
1.6
185%
Hyperinflation adjustment
(3.1)
(3.1)
Net profit
13.0
9.3
40%
11.4
7.7
49%
1.5
1.6
(4)%
Cost: income ratio
28.5%
33.5%
(5.0)%
31.1%
32.2%
(3.4)%
23.0%
31.2%
(8.2)%
NIM
3.43%
2.53%
90 bps
2.77%
2.13%
64 bps
6.81%
4.35%
246 bps
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