Investor Presentaiton
Appendix
Strategy
Financial & Operating Performance
Emirates NBD Profile
Operating Environment
FY 2015 Financial Results
Highlights
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Net profit of AED 7,124 Mn for FY-15 improved 39% y-o-y
Net interest income rose 8% y-o-y due to asset growth and
a lower cost of deposits
Non-interest income improved 1% y-o-y as core fee income
growth was offset by lower gains from the sale of properties
and investments. Core fee income improved 14% y-o-y
driven by growth in trade finance, foreign exchange and
derivative income, alongside growing credit card volumes
Costs grew 8% y-o-y due to staff costs linked with rising
business volumes and partially offset by a control on other
costs
Provisions of AED 3,406 Mn improved 32% y-o-y as cost of
risk continues to normalise
AD ratio of 94.2% improved 1% y-o-y despite tighter market
liquidity conditions demonstrating strong structural liquidity
NPL ratio improved to 7.1% and coverage ratio strengthened
to 111.5%
NIMS remained flat at 2.85% as downward pressure on loan
spreads offset by growth in low-cost CASA deposits
Key Performance Indicators
AED Mn
FY-15
FY-14
Better/
(Worse)
Net interest income
10,241
9,496
8%
Non-interest income
4,987
4,946
1%
Total income
15,228
14,442
5%
Operating expenses
(4,719)
(4,389)
(8%)
Pre-impairment operating
10,509
10,053
5%
profit
Impairment allowances
(3,406)
(4,995)
32%
Operating profit
7,102
5,058
40%
Share of profits from
166
210
(21%)
associates
Taxation charge
(145)
(129)
(12%)
Net profit
7,124
5,139
39%
Cost: income ratio (%)
Net interest margin (%)
31.0%
30.4%
(0.6%)
2.85%
2.85%
(0.00%)
31-Dec-15 31-Dec-14
%
406.6
363.0
12%
Loans
270.6
246.0
10%
Deposits
287.2
258.3
11%
AD ratio (%)
94.2%
95.2%
1.0%
NPL ratio (%)
7.1%
7.9%
0.8%
AED Bn
Total assets
Emirates NBD
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