Credit Quality Overview

Summary Profitability Emirates NBD Pre-impairment operating profit of AED 7,675 Mn in Q3-14 YTD, up 34% y-o-y • Net profit of AED 3,913 Mn improved 51% y-o-y Credit Quality Provisions CI Ratio Income Net Interest Margin Capital and Liquidity Outlook • NPL ratio improved by 0.9% to 12.6% in Q3-14 due to strong recoveries • Net impairment allowances of AED 3,831 Mn in Q3-14 YTD have boosted the coverage ratio to 70.3%, up 12.8% from end-2013 Cost to Income ratio improved by 4.6% y-o-y to 29.5% in Q3-14 YTD • Q4-14 spend is expected to grow as we invest in systems and people to support future business growth • Total income improved 25% y-o-y to AED 10,887 Mn helped by an improving asset mix, efficient funding & capital base and strong fee income • NIMS improved to 2.83% in Q3-14 YTD Capital and liquidity position extremely strong offering resilience for the future • Tier 1 ratio improved by 1.9% during 2014 to 17.2% • The Bank will continue to implement its successful strategy and consolidate our position as a dominant player in the UAE and the region 34 34

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