Emirates NBD Earnings Overview H1-2023
Funding & Liquidity remains very healthy
Advances to Deposit and Liquidity Coverage Ratio (%)
Key Highlights
217
•
LCR of 217% and ADR of 79% demonstrate healthy liquidity
220
105
IADR %
-LCR %
100
187
182
180
95
155
152
90
140
85
91
100
87
80
83
80
79
75
60
Q2-22
Q3-22
Q4-22
Q1-23
02-23
Composition of Liabilities and Debt Issued (%)
Customer Deposits 78%
.
.
•
Liquid assets* of AED 82 billion cover 12% of total liabilities, 15% of deposits
AED 9 bn of term debt issued in 2023 already fully covers 2023 maturities
AED 4.8 bn maturities in remainder of 2023
ENBD and EI successfully issued AED 1 bn public bond and sukuk
DenizBank raised over $530m equivalent through DPR in May with 4.1-year
WAL and successfully rolled over $530m equivalent syndicated loan in June
with 117% roll-over ratio
Maturity Profile of Debt/Sukuk Issued AED 62.0 bn
19.7
11.4
10.5
11.1
0.4
Banks 5%
0.4
0.3
19.7
4.6
6.4
4.8
Others 8%
11.0
10.1
0.3
1.5
Debt/Sukuk 9%
3.3
4.3
4.3
2023
2024
2025
2026
2027
Beyond 2027
■ENBD
■Club Deal DenizBank
* Includes cash and deposits with Central Banks, excludes interbank balances and liquid investment securities
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