Emirates NBD Q1 2023 Earnings Report

Executive Summary Q1 23 Results Key Highlights 8 AED Record quarterly profit of AED 6 bn on higher income & strong recoveries 1600 Record AED 10.5 bn quarterly income on improved loan & deposit mix coupled with higher interest rates AED Deposits grew 7% by AED 35 bn, including AED 19 bn CASA growth AED Recharged international and digital strategy to ($) drive future growth Key Metrics and Guidance Profit Income NIM AED 6 bn AED 10.5 bn 4.05% +119% Record retail financing with over AED 8 bn disbursed and over 144,000 credit cards issued Solid balance sheet with improvement in capital, liquidity and credit quality and strong profit remain core strengths of the Group Cost to Income 25.3% Guidance ≤ 33% NPL Cover +64% Guidance 3.8-4.0% LCR CET 1 187% 15.8% 152% NPL ratio 5.6% Guidance Revised to -6% Cost of Risk 41 bp Guidance Revised to ~50-70 bp Loan Growth 3% Guidance mid-single digit 1

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