Emirates NBD Investor Presentation Q1 2022
DenizBank business overview
Highlights
Income
Expenses
Risk
Capital
Liquidity
Divisional
Better /
Income Statement (AED Mn)
Q1-22
Q1-21
Q4-21
(Worse)
Better/
(Worse)
Key Highlights
Net interest income
1,226
1,285
(5)%
Non-funded income
594
754
(21)%
1,319
823
(7)%
(28)%
• Net profit of AED 629 million in Q1-22 stable y-o-y despite 48% depreciation in
currency translation
Total income
1,820
2,039
(11)%
2,142
(15)%
•
Operating expenses
(521)
(558)
7%
(535)
3%
Cost of risk improved to 294 bps in Q1-22 from 343 bps in 2021
Pre-impairment operating profit
1,299
1,481
(12)%
1,607
(19)%
• Total assets in Turkish Lira grew 11% in Q1-22
Impairment allowances
(487)
(659)
26%
(1,430)
66%
Operating profit
812
822
(1)%
177
358%
Taxation charge
(183)
(180)
(2)%
(54)
239%
Net profit
629
642
(2)%
123
410%
Cost: income ratio
28.3%
27.5%
Net interest margin
4.66%
4.13%
(0.8)%
0.53%
25.0% (3.3)%
4.60%
0.06%
Balance Sheet Metrics (AED bn)
Assets
Net Loans
Deposits
NPL and AD Ratio (As per local reporting guidelines)
NPL Ratio (Unadjusted)
AD Ratio (Unadjusted)
108.9
109.8
6.6
6.2
98.8
99.3
68.8
69.8
61.1
61.7
Q4-21
Q1 22
All financial numbers post acquisition (1-Aug-19) include the fair value adjustments, unless otherwise stated.
FY-21
Q1 22
FY 21
Q1 22
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