Credit Quality Overview

Capital Adequacy Highlights CAR improved by 0.8% and Tier 1 ratio improved by 1.6% in Q3 due to: - Issuance of $500m Tier 1 notes and retained earnings Repayment of AED 4.8 billion of MOF Tier 2 deposits Modest decrease in risk weighted assets Tier 1 ratio has improved by 1.9% during 2014 Capital Management exercise successfully completed with the entire repayment of crisis era support Capitalisation Emirates NBD 19.0 19.6 19.2 19.6 20.4 17.2 14.9 15.3 15.0 15.6 43.6 44.7 43.6 44.4 45.7 9.4 9.9 9.4 9.0 [7.0 34.2 34.8 34.2 35.4 38.7 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 T2 T1 T1 % CAR % Capital Movements (AED Bn) FY 13 to Q3-14 YTD (AED Bn) Capital as at 31-Dec-2013 Net profits generated Risk Weighted Assets – Basel II (AED Bn) - 9.9 Tier 1 Tier 2 Total 34.7 -2% 44.6 3.9 - 3.9 FY 2013 dividend paid (1.4) (1.4) 229.8 13.8 226.9 2.3 14.9. 2.8 227.6 14.9 2.4 226.5 18.6 2.7 224.5 0% 18.6 5.4 Tier 1 Issuance 1.8 1.8 Repayment of Tier 2 (2.9) (2.9) 213.6 209.2 210.2 205.1 200.8 Amortisation of MOF T2 / sub debt Interest on T1 securities (0.4) (0.4) Tier 2 Issuance 0.1 0.1 Repayment of subordinated debt Q3 13 Goodwill 0.1 0.1 Other (0.1) (0.1) Q4 13 Operational Risk Q1 14 Q2 14 Market Risk Q3 14 Credit Risk Capital as at 30-Sep-2014 38.7 7.0 45.7 21

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