Q2-18 Financial Results Highlights
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Net Interest Income
Emirates NBD
16
Highlights
NIMs continued to improve in Q2-18 as rate rises flowed
through to the loan book which more than offset a modest rise
in funding costs
Q2-18 NIM of 2.82% improved 14 bps q-o-q and 33 bps y-o-y
Loan yields improved 17 bps q-o-q and 35 bps y-o-y helped by
recent interest rate rises
Deposit costs increased modestly due to the higher rate
environment and a small change in CASA - Fixed Deposit mix
Wholesale Funding costs improved as the Bank efficiently
deployed excess liquidity and successfully replaced maturing
debt at more favourable pricing
2018 NIM guidance increased to 2.75-2.85% in light of rising
interest rates
Net Interest Margin Drivers (%)
Q2-18 vs. Q1-18
Net Interest Margin (%)
2.85
2.82
2.62
2.62
2.58
2.54
2.56
2.51
2.49
2.51
2.55
2.47
2.44
2.33
2.46
2.29
2.41
2.82
2.68
2.78
Q415 Q116 Q216 Q316 Q416 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18
Qtrly NIM
YTD NIM
(0.06)
0.17
2.68
2.82
0.03
H1-18 vs. H1-17
2.78
1(0.05) L.
0.07
0.35
2.41
Q1 18
Loan Yield
Deposit
Cost
Treasury
& Other
Q2 18
H1-17
Loan Yield
Deposit
Cost
Treasury
& Other
H1-18View entire presentation