Investor Presentaiton
Net Interest Income
Highlights
ā
NIM of 2.63% for Q1 2012 declined by 22 bps from 2.85% in Q4 2011
resulting in an 8% q-o-q drop and 8% y-o-y increase in net interest
income to AED 1,777 million; NIM reduction driven by:
-
lower loan spreads resulting from re-pricing to lower EIBOR rates
lower deposit spreads due to balance sheet optimization initiatives
negative mix impact of improved liquidity position reflected in a reduction in
Treasury spreads
Emirates NBD
YTD NIM
2.21%
2.23%
2.11%2.09%
Net Interest Margin Trends (%)
3.01%
.81%2.79%2.81%
2.69%
2.59%2.58%2.56%2.52%
2.63%
2.63%
2.47%
2.41%
08
88
Q1 Q2 Q3 Q4 Q1 Q2
Q3 Q4 Q1 Q2 Q3 Q4
08 08 08 09 09 09 09
09 01
10 10 10
15
TO
80
=
Net Interest Margin Drivers: Q4 2011 vs. Q1 2012 (%)
04 01
2.85%
(0.14%)
(0.03%)
(0.06%)
0.01%
2.63%
Q4 2011
Loan
Spreads
Deposit
Spreads
Treasury
Spreads
Other
Q1 2012
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