Q2-16 Financial Results Highlights
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
Appendix
Strategy
Net Interest Income
Emirates NBD
15
Highlights
NIMs declined to 2.58% in H1-16 and to 2.55% in Q2-16
Loan spreads declined on retail and Islamic products as
loan margins did not keep pace with rising EIBOR rates
Deposit spreads improved q-o-q as strong CASA
balances helped offset higher EIBOR rates and declined
marginally y-o-y due to higher fixed deposit balances
Treasury spreads improved y-o-y due to more profitable
deployment of excess liquidity
NIM guidance revised down to 2.55-2.65% as loan
spreads did not keep pace with the higher cost of
deposits
Net Interest Margin (%)
2.95
2.91 2.90
2.85
2.83
2.83
2.80
2.78
2.76 2.75
2.85
2.82
2.76
2.77
2.75
2.62
2.58
2.55
2.63
T
Q413 Q114 Q214 Q314 Q414 Q115 Q215 Q315 Q415 Q116 Q216
Net Interest Margin Drivers (%)
Q2-16 vs. Q1-16
2.62
(0.05)
-0.01.
2.55
(0.01)
(0.01)
Q1 16
Loan Deposit Treasury Other
Spreads Spreads Spreads
Q2 16
Q1 15
Qtrly NIM
YTD NIM
H1-16 vs. H1-15
2.83
2.58
0.00
(0.29)
(0.04) 0.08
Loan Deposit Treasury
Spreads Spreads Spreads
Other
Q1 16View entire presentation