Emirates NBD Q1 2023 Earnings Report
Capital ratios remain solid
Capital (AED bn)
5.6
81.4
(0.1)
76.6
(0.7)
5.7
96.2
•
9.1
CET1
31-Dec-22
Net Earnings
Interest
on AT1
ECL
CET1
add-back 31-Mar-23
T1
T2
Capital
31-Mar-23
Risk Weighted Assets (AED bn)
•
•
Key Highlights
CET-1 ratio improved by 0.4% to 15.8% during Q1-23 as AED 5.6 bn of net
earnings more than offset 3% increase in RWAs
Capital ratios well above 11% / 12.5% / 14.5% CBUAE min. requirement
CET-1 at 15.3% excluding ECL regulatory add-back
IAS 29 hyperinflation adjustment is capital neutral
Capital Ratios (%)
12%
18.5
18.7
18.1
18.0
18.3
1.1
1.1
1.1
515
1.1
1.1
499
479
490
1.9
1.8
458
■T2%
2.0
1.9
1.8
117
122
132
139
113
31
31
33
33
■ AT1%
31
11
11
11
12
10
304
320
326
323
331
Q1-22
Credit Risk
Q2-22
Q3-22
Q4-22
Q1-23
Market Risk
■Operational Risk
DenizBank
CET1%
15.0
15.0
15.5
15.4
15.8
Q1-22
Q2-22
Q3-22
Q4-22
Q1-23
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