Credit Quality Overview
Funding and Liquidity
Emirates NBD
Advances to Deposit (AD) Ratio (%)
Highlights
AD ratio of 99.2% within 90-100% management target range
(97.3% excluding IPO leverage settled subsequent to the
quarter)
• Liquid assets* of AED 45.4 Bn at Q3-14 (14.7% of total liabilities)
Emirates NBD is first MENA institution to raise funds in NZD
market. Cheapest 5-year funding that the bank has raised in the
last 6 years
118.5
98.1
105.1
102.0
99.5
99.2
95.3
95.6
•
Modest maturity profile affords Emirates NBD ability to consider
public and private debt issues opportunistically
Q4 09
Q4 10
Q4 11
Q4 12
Q4 13
Q1 14
Q2 14
Q3 14
Target range 90-100%
AD Ratio (%)
Composition of Liabilities/Debt Issued (%)
Liabilities (AED 307.9 Bn) Debt/Sukuk (AED 23.8 Bn)
Customer
deposits
81%
■Banks
4%
Others
7%
Debt/Sukuk
8%
■EMTNS
5%
■Syn bank
borrow.
1%
■Loan
secur.
1%
Maturity Profile of Debt Issued (AED Bn)
Maturity Profile of Debt/Sukuk Issued
100% = AED 23.8 Bn
5.96
4.69
2.98
3.61
3.04
1.68
0.45
0.23
0.53
0.64
0.00
■Sukuk
1%
2014
2015
2016 2017 2018 2019 2020 2021 2022 2023 2024
*including cash and deposits with Central Banks but excluding interbank balances and liquid investment securities
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