Investor Presentaiton
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
17 CUSTOMER DEPOSITS
59
(a)
By Type
Demand, call and short notice
Time
Savings
Others
(b)
By Business Units
Corporate and Institutional banking and Treasury
Retail banking
2021
AED 000
216,604,708
166,428,337
2020
AED 000
185,134,537
215,270,129
63,671,856
9,778,987
56,743,192
7,049,176
456,483,888
464,197,034
2021
AED 000
2020
AED 000
199,292,439
211,960,138
257,191,449
252,236,896
456,483,888
NOTES TO THE GROUP CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18
DEBT ISSUED AND OTHER BORROWED FUNDS
Medium term note programme
Term loans from banks
Borrowings raised from loan securitisations
2021
AED 000
54,560,648
2020
AED 000
46,408,605
6,405,566
7,335,940
2,421,014
918,125
63,387,228
54,662,670
Some of the Debts issued and other borrowed funds have been hedged for cash flow and fair value risks and
amount to AED 27,937 million (2020: AED 25,187 million). For details of hedging instruments please refer to
Note 35.
464,197,034
Included in the above customer deposits are Islamic deposits totalling to AED 67,190 million
(2020: 86,678 million)
The interest incurred and profit distribution to depositors on the above deposits averaged 1.33% p.a
(2020: 1.52% p.a.).
Balance as at 1 January
New issues
Repayments
Other movements*
Balance at end of year
EMIRATES NBD BANK PJSC - GROUP CONSOLIDATED FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31 DECEMBER 2021
60
60
2021
AED 000
54,662,670
25,636,942
(13,313,409)
(3,598,975)
2020
AED 000
49,317,315
18,264,098
(13,487,491)
568,748
63,387,228
54,662,670
*Represents exchange rate and fair value movements on debts issued in foreign currency. The Group hedges
the foreign currency risk on public issuances through derivative financial instruments.
As at 31 December 2021, the outstanding medium term borrowings totalling AED 63,387 million (2020: AED
54,663 million) is falling due as below:
2021
AED millions
2020
AED millions
2021
2022
2023
2024
2025
Beyond 2025
13,396
12,640
10,347
7,398
3,235
10,145
2,374
7,098
6,721
26,106
18,590
63,387
54,663
The interest rate paid on the above averaged 3.41% p.a in 2021 (2020: 3.32% p.a).
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