Dubai Economic Update
Consumer Banking &
Wealth Management
Divisional Performance
Wholesale Banking
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 4% compared to 2010 as 7% growth in Net
Interest Income was partly offset by 4% lower Fee Income
Loans rose by 2% from end-2010 evidencing a pickup in new
underwriting during the period
However, deposits declined 26% 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 almost
70 RMs
Revenue improved 18% compared to 2010 due to 22% growth in
net interest income
Deposits grew 14% from end-2010
Loans declined by 2% from end-2010 due to lower personal
loans, mortgages and time loans; partly offset by growth in credit
cards, auto loans and retail overdrafts
Total number of branches now 112 through the addition of 2
branches in Dubai, 4 in Abu Dhabi and 1 in Sharjah during 2011;
the ATM & SDM network totals 630
Emirates NBD
Balance Sheet Trends
AED billion
+2%
Revenue Trends
AED million
+4%
172.4
158.2
161.1 165.1
4,835
3,648 1,248
4,400 4,580
1,126 1,081
94.2
1,008
83.2
73.8
69.8 -26%
3,587 3,274
3,499
2,640
2008 2009 2010 2011
Loans Deposits
2008 2009 2010 2011
NFI
NII
Balance Sheet Trends
AED billion
Revenue Trends
AED million
+18%
-2%
75.4
3,910
66.1
+14%
3,387 3,322
54.4
45.3
3,012
790
1,000
790
940
26.0
22.2 19.1 18.8
2,222 2,597 2,382
2,910
2008 2009 2010 2011
2008
2009 2010 2011
Loans
Deposits
NFI
NII
28View entire presentation