Emirates NBD Q1 2023 Earnings Report

Non-funded Income Non-funded income Q1-23 Q1-22 %A YOY Q4-22 %A QOQ (All figures are in AED mn) • Fee and Commission income 2,016 1,527 32% 1,870 8% Fee and Commission expense (897) (607) 48% Net Fee and Commission Income 1,119 920 22% (850) 5% 1,020 10% Other operating income 2,039 1,189 72% 1,041 96% Gain/loss on trading securities 112 10 1003% 55 103% Total Non-funded income 3,269 2,118 54% 2,116 55% Fee and Commission Income (AED bn) Key Highlights Healthy trend in fee and commission income, 32% higher y-o-y from increased local and international retail card business at both ENBD and DenizBank, strong investment banking revenue and increased Trade Finance Other operating income up 72% y-o-y due to higher retail FX volumes as customers increased remittance at favorable rates, additional corporate hedging activity, and higher gains from both property and investments Other Operating Income (AED bn) 2,039 287 2,016 1,806 1,870 1,527 1,801 68 73 63 54 267 233 218 228 58 198 1,552 5 1,388 311 1,189 28 359 49 158 1,041 217 85 49 1,441 1,505 1,533 1,569 1,681 1,188 1,202 1,271 922 907 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Fee Income Trade Finance Brokerage and AM Fees ■FX & Derivative Property & Others Investment Securities 4

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