Emirates NBD Earnings Overview H1-2023
Non-funded Income
Non-funded income
Q2-23
Q2-22
%A YOY
Q1-23
%A QOQ
(All figures are in AED m)
Fee and Commission income
1,993
1,782
12%
2,016
(1)%
•
Fee and Commission expense
(874)
(714)
22%
(897)
(3)%
Net Fee and Commission Income
1,120
1,068
5%
1,119
0%
•
Other operating income
2,394
1,552
54%
2,039
17%
Gain / loss on trading securities
78
32
145%
112
(30)%
.
Total Non-funded income
3,592
2,652
35%
3,269
10%
Fee and Commission Income
(AED m)
Key Highlights
Healthy trend in fee and commission income, 12% higher y-o-y from increased local
and international retail card business at both ENBD and DenizBank, strong
investment banking revenue and increased Trade Finance
Other operating income up 54% y-o-y due to higher volume of retail customer FX
remittance, additional corporate hedging, and increase in foreign exchange and
derivative income from hedging and swaps relating to DenizBank
Underlying client FX & derivative income continues a strong quarter growth trend, and
Q2-23 was boosted by lower swap funding costs in Turkey
Other Operating Income
(AED m)
2,016
1,806
1,870
1,993
1,801
68
69
73
63
54
267
271
233
218
228
2,394
23
2,039
284
287
1,552
1,388
5
311
359
28
1,041
1,505
1,533
1,569
1,681
158
1,653
2,087
85
49
1,441
1,188
1,202
907
Q2-22
Q3-22
■Fee Income
Q4-22
■Trade Finance
Q1-23
Q2-23
Q2-22
Q3-22
■Brokerage and AM Fees
Investment Securities
Q1-23
Q4-22
■Property & Others FX & Derivative.
Q2-23
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