Emirates NBD Financial Performance Q1 2020
Divisional performance (Excluding DenizBank)
•
•
•
Retail Banking & Wealth Management
RBWM income grew 6% y-o-y due to higher net interest income
backed by increased volumes and higher core fee income
Liabilities grew by 1% supported by customer campaigns and
customer advances were lower by 3% due to reduced activity
Low cost CASA to deposit ratio increased to 77% from 75% in
previous quarter
Balance Sheet Trends USD Bn
Income Trends USD Mn
+1%
+6%
-3%
572
572
0%
540
41.7
42.2
360
384
390
•
Cost to Income ratio improved to 24.9% from 27.4% y-o-y
12.4
11.9
•
Relief measures rolled out for customers to minimize the impact
of ongoing COVID-19 pandemic
Emirates Islamic
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•
•
•
El total income was lower by 3% y-o-y due to a reduction in
non-funded and investment income partially offset by increase in
funded income supported by balance sheet growth
Total assets reached USD 17.1 billion at the end of Q1-20
Financing and Investing Receivables increased by 4% to
USD 10.6 billion from end 2019
Customer deposits at USD 12.2 billion broadly flat from end 2019
•
CASA balances represented 66% of total customer accounts
compared with 63% at the end of 2019
El's headline Financing to Deposit ratio stood at 87% and is
comfortably within the management's target range
181
188
183
Q4 19
Loans
Q1 20
Deposits
Q1 19
Q4 19
Q1 20
NII
NFI
Balance Sheet Trends USD Bn
Income Trends USD Mn
-1%
-3%
+4%
181
+3%
169
175
12.3
12.2
10.2
10.6
121
128
135
60
34
47
Q4 19
Q1 20
Q1 19
Q4 19
Q1 20
Financing receivables
NII
NFI
Customer accounts
Divisional Performance 24View entire presentation