Investor Presentaiton
REVIEW OF PERFORMANCE
Looking to the Future
with Confidence
through campaigns including its new global 'More
Than Bankers' series. In June 2022, the Group
hosted its first-ever event for both clients and
industry leaders at Dubai's Museum of the Future
focusing on Ruwad.
Group Human Resources is committed to
continuing to support and develop our employees
in the years to come.
WELLON
BVI HELLON
BAY HELLOW
Group Risk Management
The Group has a structured risk management
framework in place. Risk is managed proactively
across the Group through various frameworks
of principles, standards, policies/processes,
organisational structures, approval authorities,
measurement, monitoring and control processes.
Daman and Emirates NBD launch new 'Early Payment Scheme' aiming to benefit
2,000 UAE medical facilities covering AED 4 billion of claims payment
The Board of Directors (the Board) plays a critical
role in overseeing a Group-wide approach to risk
management and conducts its oversight through
Board level committees. This role is further
strengthened by Management level committees
and respective business and risk control units,
which report to the Board through the Board Risk
Committee.
Risk Governance
The
Board Risk Committee, Board Audit
Committee and Board Credit and Investment
Committee are the main Board level committees
that oversee the Group's risk management. In line
with best practice, the Group employs an
enterprise-wide approach to risk management.
The Group Enterprise and Regulatory Risk
function provides an overarching view of emerging
risks and facilitates the coordination between key
risk functions in order to minimise risks and achieve
business objectives cohesively and effectively.
Credit Risk Corporate and Institutional
Banking, Business Banking, Private Banking
and Treasury
Emirates NBD Group Credit reviews and updates
the Group's credit policies, delegated lending
authorities, guidelines and processes on an
ongoing basis to ensure alignment with the
Group's business strategy and the Group Risk
Appetite Statement.
The Group has a structured framework of
products, policies and processes applicable to
C&IB, Business Banking-SME and PB.
A detailed set of policies are developed for these
business segments to provide end-to-end
guidelines on credit life cycle from loan origination
to final settlement. The Group has established
portfolio guidance through credit underwriting
standards to manage sector-wise exposure
concentrations like Real Estate, Hotels and
Contracting. Further, Group credit policies and
credit underwriting standards are reviewed and
updated periodically.
The Group follows the CBUAE criteria for
asset classification and International Financial
Reporting Standards 9 reporting requirements,
ensuring compliance to delinquency classification
and provisioning requirements.
The Financial Restructuring and Remedial team
focuses its efforts on recovery from delinquent
customers to ensure efficient collections and
remedial measures to reduce the flow of new
Non-Performing Loans (NPLs) to minimise the
impact of NPLs on the Group's performance.
Credit Risk - RBWM
Group Retail Credit proactively monitors
portfolios and implements strategies considering
the external environment, focusing on growth for
selected segments.
Portfolio management measures on existing
customers of the Group continued, including
regular credit line reviews. The Group's risk
strategy aims to support portfolio growth within
acceptable risk appetite thresholds.
The Group follows prudent lending policies with
adjustments made based on portfolio performance
and external environment. Multiple programmes
were launched to assist impacted customers
during the COVID-19 pandemic.
Going forward, the Group will continue to
consolidate its Retail Banking and Wealth
Management portfolios and continue to invest in
digital and technology solutions to enhance
operational efficiencies in its credit underwriting
streams.
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Emirates NBD
ANNUAL REPORT 20
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