Emirates NBD Financial Performance and Market Update
Operating Environment
Emirates NBD
16
Non-Interest Income
Highlights
Core gross fee income declined 2% y-o-y and
7% q-o-q on lower income from foreign
exchange and derivatives partly due to fewer
working days and from increased volatility in
global FX trading markets
Income from property declined 23% y-o-y on
lower demand for property sales and improved
121% q-o-q due to a downward revaluation of
illiquid inventory in Q1-17
Investment securities & other income was 33%
lower y-o-y due to the one-off gain from the sale
of investment securities in Q2-16
Composition of Non Interest Income (AED Mn)
AED Mn
Q2-17 Q2-16
Core gross fee income
Fees & commission
expense
Better/
(Worse)
1,283 1,313 (2%) 1,373 (7%)
Q1-17
Better /
(Worse)
(236)
(221) (7%) (232)
(2%)
Core fee income
Property income/(loss)
Investment securities &
other income
1,047
1,091 (4%)
1,141
(8%)
23
30
(23%)
(109)
121%
67
100
(33%)
100
(33%)
Total Non Interest Income
1,137
1,221 (7%)
1,131
0%
Trend in Core Gross Fee Income (AED Mn)
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
-2%
-7%
1,313
1,373
1,212
1,283
1,078
364
410
302
312
55
42-101
48
52
42
726
696
777
749
766
168
156
160
Q2 16
Q3 16
Q4 16
162
174
Q1 17
Q2 17
Forex, Rates & Other
Brokerage & AM fees
Fee Income
Trade financeView entire presentation