Emirates NBD Investor Presentation

Divisional Performance Key Highlights Retail Banking and Wealth Management had an excellent first quarter with its highest ever revenue, strongest ever disbursement of loans and credit cards, and a stable, diverse deposit base Robust business momentum continues with loan origination up 29% and Credit Card acquisitions up 84% y-o-y as 144,000 new credit cards issued in Q1-23 Lending increased by AED 5 bn and Deposits grew by AED 13 bn in Q1-23 Income up 39% y-o-y with 30% contribution from non-funded income 'ENBD X' enhanced mobile banking app rolling out, delivering a new standard in customer service EI Retail strengthened its digital offering, launching new mobile app Corporate and Institutional Banking capitalized its strategic partnership with major Government entities and Corporates by enhancing digitized service platforms Global Custody Services launched on DFM and ADX, providing clients with secure and efficient safekeeping of assets across multiple geographies Profitability jumped 128% on higher fee income from increased customer hedging, Trade Finance and Investment banking income, improved net interest income due to rate rises and strong recoveries CASA balances grew enabling the Group to maintain low cost of funds Emirates NBD Securities provides digital onboarding and instant trading access to ADX's listed companies Global Markets and Treasury delivered an outstanding performance with quarterly income and profit exceeding AED 1 billion for the first time Net interest income grew significantly from Balance Sheet positioning coupled with a significant increase in banking book investment income Non funded income grew by 76% as the Trading desk navigated volatile market conditions, with particularly strong performances from Rates and FX trading desks Sales Revenue grew by a healthy 60% with Structured Product revenue more than doubling and income from Foreign Exchange sales growing by 48% year on year • Group Funding issued the UAE's first Dirham denominated Sukuk and Conventional bonds from a bank, building on the UAE Ministry of Finance's development of the local yield curve DenizBank Profit up 37% to AED 861 million helped by strong recoveries 26 Operating Segment Metrics Q1-23 %ΔΥΟΥ Income (mn) 3,855 39% Expense (mn) 949 22% Retail Banking and Wealth Management Profit (mn) 2,036 11% • Loans (bn) 101 15% . • 18% Deposits (bn) 271 • Income (mn) 2,091 41% Expense (mn) 168 7% Corporate and Institutional Banking Profit (mn) 2,145 >100% Loans (bn) 296 -5% 5% Deposits (bn) 178 Income (mn) 1,145 >100% Global Markets and Treasury Expense (mn) 52 20% Profit (mn) 1,069 >100% • Income (mn) 2,580 42% • Expense (mn) 907 74% • DenizBank Profit (mn) 861 37% Loans (bn) 73 13% Deposits (bn) 89 27%

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