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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 16
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