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Investor Presentaiton

Credit Quality Key Messages • Q3 2011 YTD impairment charge of AED 3.9 billion impacted by: Specific provision of AED 950 million made in relation to the AED 4.8 billion exposure to a Dubai GRE • • - Build-up of portfolio impairment allowances of AED 1.5 billion taking total PIP to AED 3.7 billion or 2.45% of credit Risk Weighted Assets Strategic management decision to target higher overall impaired loan coverage ratio Management targets for impaired loan coverage ratios: 80%-85% on underlying NPL portfolio 55%-60% on overall impaired loans to be achieved by 2013 Target coverage ratios to be achieved through: More conservative provisioning for and recognition of impaired loans Continued build-up of portfolio impairment allowances Assessment of underlying credit risk across the overall portfolio remains unchanged: 2011 NPL ratio expected to reach 13%-14% as per previous guidance, but 2013 NPL ratios could reach 15%-16% due to more conservative recognition of impaired loans and lower than previously expected future loan growth 101% Impaired Loans & Coverage Ratios (%) 102% 94% 82% Target underlying coverage ratio of 80-85% Target overall coverage ratio of 55-60% 99% 90% 80% 55% 48% 45% 45% 40% Target 2013 NPL ratio of 15-16% Target 2012 NPL ratio of 14-15% Target 2011 NPL ratio of 13-14% 12.9% 3 1 D1 impaired 3 (AED 9.0b 10.0% 10.4% 9.3% exposure; 2 8.1% 2 6.7% AED 745m provision) 5.7% 5.6% 2 4.5% 4.3% Emirates NBD 6.2% 3.8% 4.4% 4.8% 4.8% 1.6% 2.6% Q4 08 Q4 09 Q3 10 Q4 10 Q111 INPL ratio, excl. IIRL* Coverage ratio, incl. IIRL* % Q2 11 D2B impaired (AED 4.8b exposure; AED 950m provision) D2A impaired in Q4 10 and de-recognised in Q2 11 (AED 2.5b exposure; AED 167m provision) Q3 11 Q4 11 Q4 12 Q4 13 Impact of IIRL* % Coverage ratio, excl. IIRL* % *IIRL Interest Impaired Renegotiated Loans; Specific entities are referenced by number with the prefix "D" 19
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