Investor Presentaiton
Emirates NBD delivers higher profits and maintains strong balance sheet in Q1 2022
Key Highlights
AED
Strong momentum continues with Q1-22 profit up 18% to USD 0.7bn
Key Metrics & Guidance
Net Profit
USD 0.7bn
+18% y-o-y
CET 1
15.0%
AED
AED
Improved loan & deposit mix with higher interest rates enabling Group to
raise margin guidance
Record demand for retail financing and loan growth emerging amongst
corporate customers
International contributing 37% of diversified income, with DenizBank's
profit in dirhams stable y-o-y despite challenging operating environment
Diversified balance sheet, strong operating profits and solid capital base
remain core strengths of the Group
NIM
2.60%
2022 guidance / Revised:
2.55-2.65% / 2.70-2.80%
Cost to Income
30.8%
2022 guidance / Revised:
Within 35% Within 33%
NPL
6.4%
2022 guidance: mid 6%
LCR
157.4%
Loan Growth
1%
2022 guidance: Low-single digit
NPL Cover
128.5%
2022 CoR guidance: 100-125 bps
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