Credit Quality Overview

Islamic Banking Divisional Performance Retail Banking & Wealth Management Emirates NBD . Revenue improved 5% y-o-y and remained stable q- o-q. Balance Sheet Trends Revenue Trends AED Bn AED Mn +5% • • Deposits grew 9% from end 2013 driven by CASA growth Loans grew 19% from end 2013 driven by growth in credit cards, overdrafts and temporary IPO leverage effect. The bank has improved its distribution as part of its channel optimization strategy and had 525 ATMs and 99 branches as at 30-September +19% 110.5 101.1 1,341 I 1,406 1,411 +9% 0% 384 468 513 32.6 27.4 957 937 898 I Q4 13 Q3 14 Loans Q3 13 • Q2 14 Q3 14 Deposits NFI NII . Islamic Banking revenue improved 24% y-o-y but declined 1% q-o-q to AED 492 Mn in Q3 Financing receivables grew by 14% in 2014 mainly due to increases in Murabaha financing Balance Sheet Trends AED Bn +14% Revenue Trends AED Mn +24% 30.0 496 27.3 28.3 -6% 492 -1% I . Customer accounts declined by 6% in 2014 mainly due to repayment of MoF Tier 2 deposits 24.0 398 112 I 151 74 I • At Q3-14, El had 56 branches and ATM & CDM network of 179 • Islamic Banking business continues to develop through a strengthened core franchise coupled with an expansion of retail, SME, and corporate offerings 380 325 345 Q4 13 Q3 14 Financing receivables Customer accounts Q3 13 Q2 14 Q3 14 NFI NII 27

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