Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Emirates NBD
Q4-17 Financial Results Highlights
Highlights
•
•
Net profit of AED 2,176 Mn for Q4-17 increased
17% y-o-y and declined 4% q-o-q
Net interest income improved 14% y-o-y due to
loan growth and helped by recent interest rate
rises. Net interest income was flat q-o-q
Non-interest income improved 24% y-o-y and 7%
q-o-q due to higher income from bancassurance
and the sale of investments
Costs were higher by 4% q-o-q on an increase in
Marketing and IT costs relating to our planned
investment in digital and technology refresh
Provisions of AED 537 Mn are higher 27% y-o-y
and 24% q-o-q
NPL ratio stable at 6.2% and coverage ratio
strengthened to 124.5%
Liquidity Coverage Ratio (LCR) of 146.0% and AD
ratio of 93.1% demonstrates healthy liquidity
position
NIMs widened y-o-y helped by rate rises and
improved funding costs and declined q-o-q due to
competition for liquidity over year-end
Key Performance Indicators
AED Mn
Better /
Q4-17 Q4-16
Q3-17
(Worse)
Better /
(Worse)
Net interest income
Non-interest income
Total income
2,795
2,460
14%
2,806
(0%)
1,241
1,003
24%
1,160
7%
4,037
3,463
17%
3,965
2%
Operating expenses
(1,322)
(1,194)
(11%)
(1,270)
(4%)
Pre-impairment
2,715
2,269
20%
2,696
1%
operating profit
Impairment allowances
(537)
(424)
(27%)
(431)
(24%)
Operating profit
2,178
1,845
18%
2,264
(4%)
Share of profits from
18
49
(64%)
42
(57%)
associates
Taxation charge
(20)
(37)
46%
(30)
34%
Net profit
2,176
1,857
17%
2,276
(4%)
Cost: income ratio (%)
Net interest margin (%)
32.7%
34.5%
1.7%
32.0% (0.7%)
2.51%
2.29%
0.22%
2.56% (0.05%)
AED Bn
Total assets
470.4
448.0
5%
461.1
2%
Loans
304.1
290.4
5%
304.1
0%
Deposits
326.5
310.8
5%
322.1
1%
AD ratio (%)
93.1%
93.4%
0.3%
94.4%
1.3%
NPL ratio (%)
6.2%
6.4%
0.2%
6.1%
(0.1%)
31-Dec-17 31-Dec-16 % 30-Sep-17 %
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