UAE Banking Market Update

Divisional Performance Wholesale Banking Consumer Banking & Wealth Management Key focus during the period was on balance sheet optimisation, continued proactive management of credit quality, building non-risk based and fee generating businesses and selective growth in new underwriting Revenue increased 1% compared to the same period last year as 4% growth in Net Interest Income was partly offset by lower Fee Income Loans rose by 4% from end-2010 evidencing a pickup in new underwriting during the period. Deposits declined 19% from end-2010 due to balance sheet management initiatives and increased deposit competition in the sector ☐ CWM maintained its position in challenging market conditions Continued expansion in Private Banking business; now 70 RMs. Revenue improved 16% compared to the same period last year due to 21% growth in net interest income Deposits grew 10% from end-2010; Loans declined by 7% from end-2010 due to lower personal loan and mortgage balances ■ Total number of branches now 110 through the addition of 2 branches in Dubai and 3 branches in Abu Dhabi during Q3 2011 YTD; the ATM & SDM network totals 641 Emirates NBD Balance Sheet Trends AED billion Revenue Trends AED million 161.1 +4% +1% 167.8 3,332 3,364 855 782 94.2 76.6 I -19% 2,477 2,582 Q4 10 Q3 11 Q3 10 YTD Q3 11 YTD Loans Deposits NFI NII Balance Sheet Trends AED billion Revenue Trends AED million -7% +16% 73.0 2,862 66.1 +10% 2,464 733 699 19.1 17.8 2,129 1,765 Q4 10 Loans Q3 11 Deposits Q3 10 YTD Q3 11 YTD NFI NII 26 26

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